Study questions platform-wide or filter by specific tests with correct answers revealed.
A firm maintains an allowance for doubtful debts at 5% of trade receivables. This year, trade receivables were $8,000, which represented a 20% decrease from the previous year. How will this change affect the current year's profit?
1. Current Receivables = $8,000. Current Allowance = $8,000 $\times$ 5% = $400.
2. Last Year Receivables = $8,000 / 0.80 = $10,000. Last Year Allowance = $10,000 $\times$ 5% = $500.
3. Change = $500 - $400 = $100 reduction in allowance.
A reduction in allowance is credited to the income statement, thus increasing profit by $100.
The Null Hypothesis (H&sub0;) asserts that there is no significant difference between groups or that any observed difference is due to chance (sampling error). In formal statistical terms, it states that the difference between population means is zero (A), and that any observed difference results from sampling variability (B). Both A and B together define it correctly.
Correct Answer: C — Both A and B.
Two projectiles of the same mass and speed are thrown at $60°$ and $30°$ with the horizontal. Which quantity is the same for both?
For complementary angles ($60°$ and $30°$, since $60°+30°=90°$) with the same initial speed:
Range $R = \dfrac{u^2\sin2\theta}{g}$: $\sin(120°) = \sin(60°)$ ✓ — same range.
Time of flight $\propto \sin\theta$ — different. Max height $\propto \sin^2\theta$ — different.
How many values of $k$ allow the system of equations $(k+1)x + 8y = 4k$ and $kx + (k+3)y = 3k-1$ to have no solution?
For no solution, the determinant of the coefficient matrix must be zero but the system must be inconsistent.
$\Delta = (k+1)(k+3) - 8k = k^2+4k+3-8k = k^2-4k+3 = (k-1)(k-3) = 0$
So $k=1$ or $k=3$. Check each:
$k=1$: Equations become $2x+8y=4$ and $x+4y=2$ — same line (infinite solutions). Not "no solution".
$k=3$: Equations become $4x+8y=12$ and $3x+6y=8$. Simplify: $x+2y=3$ and $x+2y=8/3$ — contradiction! No solution.
So exactly $\mathbf{1}$ value of $k$ gives no solution.
Sign in to join the conversation and share your thoughts.
Log In to Comment