The records of Mary’s Shoes included the following information: Accounts Receivable, 1/1 $ 75,000 Accounts Receivable, 12/31 125,000 Net Sales 850,000 Cost of Goods Sold 400,000 The company’s days’ sales uncollected is closest to:

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.