Data Were Collected on Monthly Sales Revenues (In $1,000s) and Monthly

question 23

Multiple Choice

Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores.The regression line relating revenues
(Y) to advertising expenditure (X) is estimated to be .The correct
Interpretation of the slope is that for each additional

• A)$1 spent on advertising, predicted sales revenue increases by $9,000.
• B)$100 spent on advertising, predicted sales revenue increases by $9,000.
• C)$100 spent on advertising, predicted sales revenue decreases by $9,000.
• D)$1,000 in sales revenue, advertising expenditures decrease by $48.30.
• E)$100 in sales revenue, advertising expenditures decrease by $48.30.

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Definitions:

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial reporting.

GAAP

The conventional framework of guidelines known as Generally Accepted Accounting Principles is applied for financial accounting within a specific legal territory.

Financial Liabilities

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Note Payable

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