A regression analysis involved 17 independent variables and 697 observations. The critical value of t for testing the significance of each of the independent variable's coefficients will have?
A. ?696 degrees of freedom.
B. ?16 degrees of freedom.
C. 679degrees of freedom.
D. ?714 degrees of freedom.
Answer: C
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Which of the following circumstances are best suited for personal selling?
A) when the products used are simple and easy-to-use B) when there is minimal risk involved in buying or using the products C) when the market has fewer and larger sellers D) when the products being marketed are inexpensive and easily available E) when prospective customers are spread across a wide geographic area
The payment of employee salaries has what effect on the accounting equation?
A) Assets and stockholders' equity decrease B) Liabilities and stockholders' equity decrease C) Assets decrease and liabilities increase D) Assets increase and liabilities decrease
A machine originally had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estimate of useful life should have been 10 years. At that point the remaining cost to be depreciated should be allocated over the remaining:
A. 4 years. B. 6 years. C. 16 years. D. 2 years. E. 10 years.
The management of Krach Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 13,000 machine-hours. Capacity is 19,000 machine-hours and the actual level of activity for the year is assumed to be 9500 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $22,800 per year. For simplicity, it is assumed that this is the estimated manufacturing overhead for the year as well as the
manufacturing overhead at capacity. It is further assumed that this is also the actual amount of manufacturing overhead for the year.If the company bases its predetermined overhead rate on capacity, what would be the cost of unused capacity reported on the income statement prepared for internal management purposes? A. $15,600 B. $4200 C. $6000 D. $11,400