During the Month of March, Cooley Computer Services Made Purchases

question 162

Multiple Choice

During the month of March, Cooley Computer Services made purchases on account totaling $43,500. Also during the month of March, Cooley was paid $8,000 by a customer for services to be provided in the future and paid $36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $77,300, what is the balance in accounts payable at the end of March?

• A) $83,900.
• B) $91,900.
• C) $6,600.
• D) $75,900.
• E) $4,900.

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Definitions:

Response Variable

Another word for the dependent variable of interest.

Regression Analysis

A statistical method used to model the relationship between a dependent variable and one or more independent variables.

Dependent Variable

In statistical modeling, this is the variable being tested and measured to see if it is affected by changes in the independent variables.

Cook's D

A statistic used in regression analysis to identify influential data points that can disproportionately affect the results of the regression.