As a financial accountant for a public widget manufacturing company, you are given a data file...

 

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As a financial accountant for a public widget manufacturing company, you are given a data file and asked to calculate and record month-end adjusting journal entries. You must calculate the warranty expense amount for January 2025. In the Excel workbook, perform regression to predict warranty expense using sales quantity. In that same worksheet write the regression equation and document the journal entry to record warranty expense. Upload the Excel file that contains your analysis. Click here to view the data set. 1. Perform a regression to predict warranty expense using sales quantity. 2. Write the regression equation. 3. You just performed a query of your company's accounting information system and determined that January 2025 sales quantity is 10,385. Write the journal entry to record warranty expense. Year Month 2024 2024 2024 2024 Apr 2024 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Nov 2024 Dec 2025 Jan Feb Mar 2025 2025 Jan Feb Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec Sales Dollars 1,146,076 1,091,596 1,100,937 1,074,645 1,274,633 1,268,910 1,559,029 1,390,818 1,440,967 1,138,527 1,161,626 1,205,915 1,490,020 1,486,303 1,507,923 1,484,368 1,492,696 1,531,692 1,514,561 1,622,556 1,477,365 1,678,687 1,467,809 1,946,064 Returns_Dollars 11,246 11,641 11,799 11,272 14,802 14,853 20,058 16,976 17,856 12,471 12,937 12,721 14,578 13,548 19,291 18,881 17,492 19,754 19,447 21,542 18,678 22,509 18,532 21,354 Sales Qty 7,641 7,278 7,340 7,165 8,498 8,460 10,394 9,273 9,607 7,591 7,745 8,040 9,934 9,909 10,053 9,896 9,952 10,212 10,098 10,818 9,850 11,192 9,786 12,974 Returns_Qty 75 145 146 142 166 166 201 180 186 150 153 85 164 90 196 193 184 199 197 211 192 217 191 142 Warranty_Expense 137,529 110,215 132,112 128,957 132,548 143,530 125,468 166,898 156,483 136,623 112,156 124, 125 155,423 178,356 183,833 178,124 179,124 183,803 125,468 194,707 177,284 201,442 176,137 175,843 As a financial accountant for a public widget manufacturing company, you are given a data file and asked to calculate and record month-end adjusting journal entries. You must calculate the warranty expense amount for January 2025. In the Excel workbook, perform regression to predict warranty expense using sales quantity. In that same worksheet write the regression equation and document the journal entry to record warranty expense. Upload the Excel file that contains your analysis. Click here to view the data set. 1. Perform a regression to predict warranty expense using sales quantity. 2. Write the regression equation. 3. You just performed a query of your company's accounting information system and determined that January 2025 sales quantity is 10,385. Write the journal entry to record warranty expense. Year Month 2024 2024 2024 2024 Apr 2024 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Nov 2024 Dec 2025 Jan Feb Mar 2025 2025 Jan Feb Mar 2025 Apr 2025 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec Sales Dollars 1,146,076 1,091,596 1,100,937 1,074,645 1,274,633 1,268,910 1,559,029 1,390,818 1,440,967 1,138,527 1,161,626 1,205,915 1,490,020 1,486,303 1,507,923 1,484,368 1,492,696 1,531,692 1,514,561 1,622,556 1,477,365 1,678,687 1,467,809 1,946,064 Returns_Dollars 11,246 11,641 11,799 11,272 14,802 14,853 20,058 16,976 17,856 12,471 12,937 12,721 14,578 13,548 19,291 18,881 17,492 19,754 19,447 21,542 18,678 22,509 18,532 21,354 Sales Qty 7,641 7,278 7,340 7,165 8,498 8,460 10,394 9,273 9,607 7,591 7,745 8,040 9,934 9,909 10,053 9,896 9,952 10,212 10,098 10,818 9,850 11,192 9,786 12,974 Returns_Qty 75 145 146 142 166 166 201 180 186 150 153 85 164 90 196 193 184 199 197 211 192 217 191 142 Warranty_Expense 137,529 110,215 132,112 128,957 132,548 143,530 125,468 166,898 156,483 136,623 112,156 124, 125 155,423 178,356 183,833 178,124 179,124 183,803 125,468 194,707 177,284 201,442 176,137 175,843

Answer rating: 100% (QA)

Heres the Excel file containing the regression analysis regression equation journal entry to record ... View the full answer