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3 years ago

All analysis of variance procedures require that the compared populations have equal variances.

Business

1 answer:

nikdorinn [45]3 years ago

7 0

Answer: b. False

All analysis of variance procedures assume that the compared populations have equal variances.

In all analysis of variance procedures, tests like F-test, Bartlett’s test, Levene’s test and Brown-Forsythe test are used to verify or test the assumption if k samples are from populations with equal variances.

When two or more populations have equal variances, we say that homoscedasticity or homogeneity of variances exist.

The F-test and Bartlett’s test yield best results only if the population is normally distributed. However, Levene’s test and Brown-Forsythe are known to yield good results for data that is not normally distributed.

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Roberta transfers property with a tax basis of $495 and a fair market value of $546 to a corporation in exchange for stock with

Volgvan

Answer: $546

Explanation:

The amount realized by Roberta in the exchange will be gotten through the addition of the fair value of the stock that was acquired to the liability that's assumed by the corporation. This will be:

Fair value of stock acquired = $356

Add: Liability assumed by corporation = $190

Amount realised = $356 + $190 = $546

5 0

3 years ago

Compared with supermarkets, the product mix for vending machines is: __________.

Vlada [557]

Answer:

d. shallower and narrower

Explanation:

Product width basically refers to how many different product lines are sold, and obviously a supermarket sells hundreds of product line, while a vending machine generally sells soft drinks or snacks, which is only 1 product line.

The product depth refers to the amount of products sold, and a supermarket is much larger than a vending machine so it can sell many more products.

7 0

3 years ago

When a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm

german

Answer:

Seasonal.

Explanation:

A trade discount can be defined as a reduction in the price of goods given by a manufacturer to a wholesaler or retailer when they buy units of goods in larger quantities. This ultimately implies that, a trade discount is a percentage reduction in price given by a manufacturer to a wholesaler or retailer in order to encourage them to buy the goods in larger quantities and thus, increase revenue and profits.

Also, a seasonal discount can be defined as a reduction in the price of goods given during off-peak periods (off-season) in order to encourage customers to purchase a particular product.

Hence, when a firm or store offers a price reduction to customers who buy during off-peak periods throughout the year, we say the firm is giving a seasonal discount.

5 0

3 years ago

The following selected transactions were taken from the records of Shipway Company for the first year of its operations ending D

alexdok [17]

Answer:

The year-end adjusting entries for the uncollectible accounts will be:

April 13:

Debit Allowance for doubtful accounts $6,530

Credit Accounts receivable $6,530

(To record write-off of accounts receivable - Dean Sheppard)

May 15:

Debit Cash $3,270

Credit Accounts receivable $3,270

(To record collection on account - Dan Pyle)

Debit Allowance for doubtful accounts $5,410

Credit Accounts receivable $5,410

(To record write-off of accounts receivable - Dan Pyle)

July 27:

Debit Accounts receivable $6,530

Credit Allowance for doubtful accounts $6,530

(To re-establish accounts receivable from Dean Sheppard)

Debit Cash $6,530

Credit Accounts receivable $6,530

(To record collection on account - Dean Sheppard)

December 31:

Debit Allowance for doubtful accounts $13,330

Credit Accounts receivable $13,330

(To record write-off of accounts receivable - Miscellaneous)

Explanation:

April 13: Shipway Company wrote-off account of Dean Sheppard, this means there would be a reduction in both allowance for doubtful accounts and accounts receivable.
The receipt on May 15 of $3,270 reduced the accounts receivable but increased cash. However, the write-off of $5,410 caused a reduction in both the allowance account and accounts receivable.
When there was a receipt of $6,530 on July 27, the accounts receivable would be reinstated and then adjusted for the cash receipt.
Lastly, the write-off of the uncollectible accounts from miscellaneous customers were added up to arrive at $13,330.

8 0

3 years ago

For the doctrine of promissory estoppel to apply, which of the following is NOT a required element? A. the promisor should hav

erik [133]

Answer:

C) there was an offer, acceptance, and consideration

Explanation:

The doctrine of promissory estoppel requires that the following 5 elements must exist:

The parties must anticipate that some type of legal relationship will exist between them.
One party must have made a promise to another party.
One party must rely on the promise made by the other party.
The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
Unconscionability , in other words, there is nothing that forbids the party from performing the promise.

3 0

3 years ago