Which of the following statements is true about stepwise discriminant analysis?
A) The predictors are entered sequentially based on their ability to discriminate between groups.
B) The predictor with the highest F ratio is the first to be selected for inclusion in the discriminant function, if it meets certain significance and tolerance criteria.
C) Each predictor selected is tested for retention based on its association with the other predictors selected.
D) All of the above statements are true.
D
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Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are:
April budgeted sales $100,000 May budgeted sales $150,000 June budgeted sales $230,000 July budgeted sales $180,000 The amount of cash that will be collected in July is budgeted to be A) $72,000. B) $179,500. C) $206,000. D) $195,500.
A company's most profitable products are often those which:
A. Have the highest contribution margin ratios and the highest sales volumes. B. Have the highest contribution margin ratios and the lowest sales volumes. C. Have the lowest contribution margin ratios and the highest sales volumes. D. Have the lowest contribution margin ratios and the lowest sales volumes.