Answer: The correct answer is "Material losses resulting from correction of errors related to prior periods.".
Explanation: It is generally established that the type of loss that is excluded from the determination of net income in the income statement are the material losses resulting from transactions in the company's investments account.
Answer:
The statement is: False.
Explanation:
Life Insurance is a financial contract that protects an individual's dependents in the case of his or her death. In life, the policy holder makes payments on a regular basis -typically monthly- to be covered and selects who the beneficiaries will be if he or she passes away. The beneficiaries receive a lump sum of payment only in front of that event.
Answer:
These two statements are correct:
A. Businesses and jobs rely most strongly on consumer demand.
B.Government regulation is necessary to stabilize the economy.
Explanation:
The first statement is correct because John Maynard Keynes that demand was the most important side of the economy, not supply. This is why his policies are sometimes referred to as "demand-side economics", while the policies of many of his detractors, such as Milton Friedman, are referred to as "supply-side economics".
The second statement is also correct because Keynes believed that a market economy was naturally subject to business cycles: cycles of boom and bust that could either benefit millions, or harm millions. Keynes thought that the government should regulate the economy in order to lessen the effect of those cycles.
Answer:
a. The estimated coefficient for size is approximately <u>13.81</u>.
b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).
Explanation:
a. The estimated coefficient for size is approximately _____.
Estimated coefficient for size = Standard Error of size * t-Stat of size = 1.2072436 * 11.439 = 13.81
Therefore, the estimated coefficient for size is approximately <u>13.81</u>.
b. How many predictors (independent variables) were used in the regression?
Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.
In the regression, two predictors are used. These two predictors are size and fireplace (FP).
Answer:
B. Cross-sectional data provides information about economic behavior at an instant in time, while time-series data provides information about how an economic variable behaves over time.
Explanation:
There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.
