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MaRussiya [10]
3 years ago
10

The test manual reports a reliability coefficient (r) of .92, which means:

Business
1 answer:
Lady bird [3.3K]3 years ago
7 0

In statistics, reliability refers to how consistent a measurement scale is overall. Measurement scales with high reliability scores would be able to produce similar results when tested with groups of samples similar to the initial testing conditions.  

Reliability scores are measured through reliability coefficient which spans from 0.0 to 1.0. What a reliability coefficient of 0.92 means is (B) 92% of the variance in scores is explained by real differences.

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The difference between the actual amount paid and the standard price paid to purchase an item is called a
Ksivusya [100]

Answer:

Purchase Price Variance (PPV)

Explanation:

6 0
3 years ago
On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount
vampirchik [111]

Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified  later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

<em>Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .</em>

Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

7 0
3 years ago
Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid
Elodia [21]

Answer:

The correct answer is B: $5,600

Explanation:

Giving the following information:

Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.

Double-declining balance method= Netbook value* (2/useful life in years)

Year 1:

Double-declining balance method= (40000-5000)*(2/10)= $7000

Year 2:

Double-declining balance method= (35000-7000)*0.20= $5,600

7 0
2 years ago
A Methods and Measurements Analyst needs to develop a time standard for a certain task. The task involves use of a ruler, square
Alexxx [7]

Find the answer in attachment

4 0
3 years ago
Expenses ______ retained earnings; therefore, to increase any expense, one would ______ the expense account.
Liula [17]

Expenses decreases retained earnings; therefore, to increase any expense, one would debit the expense account

What does retained earnings mean?

Retained earnings are profits retained in the business  for reinvestment and for expansion purposes, in essence, expenses would reduce the retained earnings, the higher the expenses, the lesser the retained earnings become.

From a double entry point of view, an increase in expenses would be debited to expense account and a decrease is credited instead.

Find out more retained earnings on:brainly.com/question/15175380

#SPJ1

6 0
1 year ago
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