Edwin Pritchard deposited 7,500 in a 3 - year, time - deposit account that pays simple interests at a 5.9% annual rate. What tot

Answer:

Explanation:

A)

The formula for regression is,

ln(Cell Phone Subscribers) = -820.894 + 0.411704 Year

or,

Percentage of Cell Phone Subscribers = exp(-820.894 + 0.411704 Year)

For the year 2005,

Percentage of Cell Phone Subscribers = exp(-820.894 + 0.411704 * 2005)

= 96.79%

B)

The significance of the slope has a p-value close to 0 (0.000). Hence, the model holds statistical significance and its predictions are very reliable.

The responses are listed below.

The purpose of the closing entries is to transfer account balances to the permanent records, moving all income statement balances into retained earnings. Common stock - $9000 Dividends - $800 Service revenue - $13,000 Wages Expenses - $8,400 Rent Expenses - $1,600 Closing Entries Particulars Dr Cr Income Summary $10,000 Wages Expenses $8,400 Rent Expenses $1,600 Service Revenue $13,000 Income Summary $13,000 Income Summary $3,000 (13000-10000) Retained Earnings $3,000 Retained Earnings $800 Dividends $800

Using cash is counterproductive and disadvantageous because relying solely on it leads to a lack of credit history, making it difficult for banks to assess your reliability for loan repayment.