Use the Information Below to Answer the Following Questions

question 20

Multiple Choice

Use the information below to answer the following questions.
Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2015 and planned sales for the first quarter of 2016. Past records indicate that expected receipts collected from debtors will be: 60 per cent in the month of sale
40 per cent in the month following the sale
-Which statement in regard to sensitivity analysis is correct?

• A) Changing the profit is the best variable to alter when conducting sensitivity analysis.
• B) The most information can be gained by changing several variables at the same time.
• C) Several variables can be changed, one at a time, to view the effect of each change.
• D) All of the above are correct.

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Definitions:

Echoic Memories

A form of sensory memory that retains auditory information for a short period of time.

Implicit Memory

Memory that allows individuals to perform tasks without conscious awareness of these previous experiences.

Explicit Memory

Memory of facts and experiences that one can consciously know and declare.

Declarative Memory

Memory that involves the recall of specific facts or events that can be verbally expressed, including episodic and semantic memory.