Charles sanarwari retained stan gissel to prepare his income tax return for the year 2014. the parties agreed on a fee of $400. charles had done a rough estimate based on last year’s return and believed he would owe the irs approximately $2,000. when stan’s work was completed, it turned out that charles would receive a $2,321 tax refund. charles paid for stan’s services and was so with the work that he promised to pay stan an additional $400 for the excellent job on the tax return when he received his tax refund. thereafter, charles had a falling out with stan over a golf tournament snub. stan was not paid the $400 promised for doing an excellent job on the tax return, and he sued charles as a matter of principle. decide.

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

Which of the following would not be listed under cash outflows in a financial plan?

Which of these is true about a mandated reporter