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Sholpan [36]
3 years ago
12

One of the authors wanted to determine the effect of changing answers on​ multiple-choice tests. she studied the tests given by

another​ professor, who had told his students before their exams that if they had doubts about an answer they had​ written, they would be better off not changing their initial answer. the author went through the exams to look for​ erasures, which indicate that the first choice was changed. in these​ tests, there is only one correct answer for each question. use the bar chart to answer the question below.
Business
2 answers:
Vesnalui [34]3 years ago
7 0

The question is incomplete. The complete question could be found here: https://www.chegg.com/homework-help/231-changing-multiple-choice-answers-told-example-1-one-auth-chapter-2-problem-31e-solution-9780321756404-exc

Answer:

In the bar chart provided, the 'Wrong to Right' bar has the highest height compared with the others. This indicates that a large number of students changed their answers (i.e. from the wrong answer to the right answer). Therefore, it can be inferred that the data justifies that it is advisable to change the answer from initial to revised one.

Explanation:

In the bar chart provided, the 'Wrong to Right' bar has the highest height compared with the others. This indicates that a large number of students changed their answers (i.e. from the wrong answer to the right answer). Therefore, it can be inferred that the data justifies that it is advisable to change the answer from initial to revised one.

Vilka [71]3 years ago
4 0
Ye she’s yensjshiahahs
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The multiplier is greater than 1 because the change in autonomous expenditure leads to​ _______.
tangare [24]

Answer:

The correct answer is option B.

Explanation:

The multiplier shows the increase in total production due to change in expenditure.

The change in total expenditure is always greater than the change in expenditure.

This happens because a change in autonomous expenditure leads to grater change in the induced expenditure

Consequently, the value of multiplier is always greater than 1.

3 0
3 years ago
The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp
natulia [17]

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

4 0
2 years ago
Northwest Fur Co. started 2021 with $103,000 of merchandise inventory on hand. During 2021, $560,000 in merchandise was purchase
Naya [18.7K]

Answer:

The cost of goods available for sale is $650,100

Explanation:

Credit terms of 3/15, n/45 means that 3% discount for the payment within 15 days and the full amount to be paid within 45 days.

The discounts Northwest Fur Co. took = $560,000 x 3% = $16,800

Northwest uses a perpetual inventory system and the gross method to record purchases.

Net Purchases = Purchases - Purchase Returns - Purchases Discounts + Freight-In = $560,000 - $4,900 - $16,800 + $8,800 = $547,100

The cost of goods available for sale = Beginning merchandise inventory + Net Purchases = $103,000 + $547,100 = $650,100

4 0
3 years ago
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An
____ [38]

Answer:

<u>schedule of cash receipts</u>

                                    May         June       July        August   September

                                      $                $           $               $                 $

Credit Fees (75%)    135,000  150,000  142,500    145,500  180,000

Cash Sales (25%)      45,000   40,000    47,500     48,500    60,000

Credit Receipt (10%)  13,500    15,000     14,250      14,550     18,000

Credit Receipt (60%)      0        81,000    90,000     85,500    87,300

Credit Receipt (26%)      0            0          35,100      39,000    37,050

Total Receipts           58,500  136,000  186,850    187,550   202,350

Explanation:

The schedule of cash receipts must include the cash sales and other amounts received for credit sales <u>in the respective months and amounts</u> as outlined by the question.

 

5 0
2 years ago
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