Answer: b. False
All analysis of variance procedures <em><u>assume</u></em> 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.
Answer:
C. Movement to the left along a given aggregate demand curve
Explanation:
Demand is the quantity of a good or service consumers are willing to buy at a given price over a given period of time. Price and demand tend to have a negative relationship. As price of a product increases, demand decreases as it is now more expensive and less affordable. On the other hand, when price decreases, demand increases as it is now cheaper than before.
To answer the question, as the price of a product increases, the quantity demanded falls, hence causing the leftward movement along the demand curve. A fall in price on the other hand, will cause a rightward movement along the demand curve.
Any other factor other than price such as a change in population, availability of substitutes and price of complementary products can cause a shift in the demand curve. If the factor is favorable, it causes a right-hand shift and if it is unfavorable, it causes a left-hand shift.
Answer:
(a) 5.41 times
(b) 3.48 times
Explanation:
(a) Accounts receivable turnover for 2017:
= 5.41 times
Working:
= 462,500
(b) Inventory turnover for 2017:
= 3.48 times
Working:
= 575,000
Answer:
franchises
Explanation:
A franchise is a business model where the franchisee acquires the right to a business logo, name, and model from the franchisor. The franchisor is usually an established, successful, and popular business. The franchisee gets a license to operate an independent outlet that is similar in all aspects to the franchisor's business.
The franchise business takes advantage of the franchisor brand name popularity to acquire customers and thereby increase its chances to succeed. Mcdonald and Starbucks are examples of popular franchise businesses. This business model applies to all industries. Restaurants, Gas stations, Pharmaceuticals, and other retail outlets ave embraced the franchising business model.
Given:
60-day, 9% note for 10,000
The maturity value is: 10,150
10,000 x 9% x 60/360 = 150 interest
10,000 + 150 = 10,150
The 9% is the annual interest on the note.
60-day is the term of the note.
The note will mature at the end of July or on August 1st.
