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.

Question

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.

Quizplus · Accepted Answer

Several variables can be changed, one at a time, to view the effect of each change.

Use the Information Below to Answer the Following Questions