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What else can I help you with?
What do you mean by equity in finance?
Equity in finance refers to the residual value of assets. The term equity can also be used in association with accounting.
What is the meaning of Scrap Value in accounting?
scrap value is the residual value of an asset. the valu of an asset which exists after its estimated life period
What is the point on the scatterplot representing the mean x value and mean y value?
Residual point
What does appreciation mean in accounting terms?
Great value.
What does retail mean in accounting?
Net value of an item
What is Market to market accounting standards?
I think you mean "Mark to Market" which is an accounting technique in which assets are valued at their current market value and not a previous value or future value. Mark to Market is also known as "Fair Value" accounting.
What you mean by residual value?
The point lies one unit above the regression line.
What is the definition for 'residual value'?
Residual value is the future value of a good after depreciation of its initial value. For example you bought a car for $20,000. After two years and 60,000 of mileage it will value of $10,000.
What is cost plus residual value?
The residual value of "cost plus" is whatever is charged which exceeds the cost. Example: I provide a quote the terms for a project as being "cost plus 20%". If the cost for my project is $100, then I would bill $120. The residual value is $20.
What does it mean to say that a data point has a residual of zero?
If a data point has a residual of zero, it means that the observed value of the data point matches the value predicted by the regression model. In other words, there is no difference between the actual value and the predicted value for that data point.
When is a residual negative?
The residual for a particular point in a regression is negative if the estimated or fitted value at that point is greater than the observed value.
Is residual value the same thing as salvage value?
yes
