Instruction 13.31 A Microeconomist Wants to Determine How Corporate Sales Are Influenced

question 157

Multiple Choice

Instruction 13.31
A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression.
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.31,which of the independent variables in the model are significant at the 5% level?

• A) Capital, Wages.
• B) Wages.
• C) Capital.
• D) None of the above.

Know how adjusting entries affect both income statement and balance sheet accounts.

Understand the concept and accounting treatment of depreciation.

Recognize the effects of not making appropriate adjusting entries on financial statements.

Differentiate between accrued revenue/expenses and deferred revenue/expenses and their respective treatments.

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Definitions:

Narcissistic Trait

A personality characteristic involving an inflated sense of self-importance, need for admiration, and lack of empathy for others.

Oedipus Complex

The Oedipus complex is a concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy and rivalry toward the same-sex parent.

Reality Principle

A psychoanalytic concept that refers to the ability of the ego to address the demands of the environment in a realistic manner, balancing the id's desires with the external world's constraints.

Unconscious Wishes

Desires or longings that an individual is not aware of but that influence emotions and behavior, according to psychoanalytic theory.