A healthcare executive is using regression to predict total revenues. She has decided to include both patient length of stay and insurance type in her model
Insurance type can be grouped into the following categories: Medicare, Medicaid, Managed Care, Self-Pay, and Charity. Which of the following is true?
A) Insurance type will be represented in the regression model by five binary variables.
B) Insurance type will be represented in the regression model by six dummy variables.
C) Insurance type will be represented in the regression model by five dummy variables.
D) Insurance type will be represented in the regression model by four binary variables.
E) Neither binary nor dummy variables are necessary for the regression model.
D
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Under the last-in, first-out (LIFO) method, the cost of goods sold is based on the oldest purchases
Indicate whether the statement is true or false
Caltran, Inc completed manufacturing Job 445
It included $350 of direct materials cost, $1,240 of direct labor cost, and $500 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job? A) Work-in-Process Inventory 2,090 Finished Goods Inventory 2,090 B) Finished Goods Inventory 2,090 Materials Inventory 2,090 C) Work-in-Process Inventory 1,590 Cost of Goods Sold 1,590 D) Finished Goods Inventory 2,090 Work-in-Process Inventory 2,090