Use the information in Scenario 9.9 to determine the average pantry space occupied by cat food if each can takes up 13 cubic inches and Geoff obeys an EOQ policy for managing the cat food purchase process

Duggan Corporation sells a piece of equipment on April 1, 2016 for $21,000. It was originally purchased on July 1, 2014 for $46,000. On that date it was assigned a residual value of $4,000 and a life of 3 years. The company rounds depreciation to the nearest month when assets are bought and sold during the year. What gain or loss should be recorded on the sale?

a. $500 gain b. $10,500 gain c. $3,000 loss d. $3,000 gain e.$500 loss

Dummy variables are also called all of the names below except ________

A) binary B) instrumental C) quantitative D) dichotomous