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The following information for advertising and sales has been established over the past six months:
Using the high-low method which of the following is the correct equation for linking advertising and sales from the above data? A. Sales revenue = 95,000 + (20 × advertising expenditure) B. Advertising expenditure = - 2,500 + (0.04 × sales revenue) C. Advertising expenditure = - 4,750 + (0.05 × sales revenue) D. Sales revenue = 62,500 + (25 × advertising expenditure) |