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1 year ago

The process of planning, collecting, and analyzing data relevant to a marketing decision is called?

1 answer:

4 0

The process of planning, collecting, and analyzing data relevant to a marketing decision is called Marketing research.

Market research is the practice of evaluating the viability of a new service or product by interviewing prospective customers firsthand. Market research enables a business to identify the target market and obtain consumer comments and other input regarding their interest in the good or service.

This kind of research can be carried out internally, by the business itself, or by an outside market research firm. Surveys, product testing, and focus groups are all viable methods. Typically, test subjects receive free product samples or a small stipend in exchange for their time. The development of a new product or service requires extensive research and development (R&D).

Learn more about marketing research here:

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Gibson Energy Ltd.’s general ledger account for Cash in Bank showed the following at December 31, 2019:

viktelen [127]

Answer:

1. Adjusted cash balance = Adjusted bank statement balance = $133,620.

2. See the adjusting journal entries and explanation in part 2. below.

Explanation:

Note: The data in the question are merged and they are first sorted in the attached excel file before the questions are answered as follows:

1. Complete the bank reconciliation at December 31, 2019.

The bank reconciliation is presented in two ways as follows:

a) Starting with cash book balance

Gibson Energy Ltd.

Bank Reconciliation

at 31 December 2019

Particulars Amount ($)

Cash book bal. at 31 Dec. yet to be reconciled 62,000

Add:

Collected note receivable from XYZ Corp 80,000

Less:

Dishonored NSF check (7,000)

Overdraft interest expense (1,320)

Bank service charge (60)

Adjusted cash balance at Dec 31  133,620 

b) Starting with bank statement balance

Gibson Energy Ltd.

Bank Reconciliation

at 31 December 2019

Particulars Amount ($)

Bank statement bal. at Dec 31 yet to reconciled 131,620

Add:

Cash deposited on December 9th yet be credited 85,000

Cash deposited on December 31 yet be credited 15,000

Check #52094 wrongly drawn 62,000

Less:

Outstanding checks 233 (83,000)

Outstanding checks 239 (77,000)

Adjusted bank statement balance at Dec. 31  133,620 

2. Prepare the adjusting journal entries required to make the Cash in Bank account in the general ledger agree with the adjusted cash balance on the December 31 bank reconciliation. Include descriptions.

Date Accounts title & explanation DR ($) CR ($)

31 Dec 19 Cash 80,000

Note Receivable 78,049

Interest on note receivable 1,951

(To record note receivable & int. collected from XYZ)

31 Dec 19 Overdraft interest expense 1,320

Service charge 60

Cash 1,380

(To record interest expense and bank charges)

31 Dec 19 Account Receivable 7,000

Cash 7,000

(To record NSF check dishonored)

Download xlsx

3 0

2 years ago

Sweet Dreams Chocolatiers Ltd. began operations on January 1, 2020. During its first year, the following transactions occurred:

FromTheMoon [43]

Answer:

Explanation:

Journal entry is a record of transaction in their respective accounts using the debit and credit system. Debit entry represents an increase and credit a decrease.

S / NO Particulars Debit Credit

1 Cash 200,000

Share stock 200,000

2 Inventory 483,000

Account payable 483,000

3. Account receivable 675,000

Sales 675,000

Cost of goods 405,000

Inventory 405,000

4 Cash 562,000

Account receivable 562,000

5 Account payable 431,000

Cash 431,000

6 Motor Vehicle 39,000

Cash 39,000

7 Rent 25200

Prepaid rent 2100

Cash 27300

8 Operating Expenses 20,000

Cash 18,000

Operating exp payable 2,000

9 Depreciation 2,000

Motor Vehicle 2,000

10 Dividends payable 8500

Cash 8500

7 0

3 years ago

A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the

zalisa [80]

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

3 0

2 years ago

Using the example of your university, give examples of information systems for each of the three levels of scope (workgroup, ent

Alex73 [517]

Answer:

Three levels of information systems at university include:

1. The students ICT unit (workgroup)

2. The departmental ICT units (enterprise)

3. The examination and records unit (inter enterprise)

Explanation:

The students ICT units and lab works together by communicating with one another in terms of file transfer, content chat systems and temporal record I keeping and processing.

The departmental information system operates at the higher level as an enterprise because at this stage the users at the work stations can no longer have full access to the platform because it is redefined to accommodate academic and non academic staff who are very useful in managing the data content, as well as keeping the security of these content intact against any form of security threats.

The examination and records unit on the final and higher level is the home server for all information systems security, backup and archive and the communication level regarded as the inter enterprise units. It is the final resort point when every other means of information and record keeping becomes threatened. Hence it is seen as the collation, record keeping and transfer point between one enterprise or department to the other.

7 0

3 years ago

How much money should be deposited annually in a bank account for five years if you wish to withdraw $5 comma 500 each year for

Zarrin [17]

Answer:

The initial deposit should be $ 25.46

Explanation:

The Annuity formula is

P=R [1−(1+i)^-n/i]⋅(1+i)

Where

P= Initial deposit

R=Regular Withdraw amount

i=Interest rate

n=Number of years/periods

After entering corresponding values in the formula we get $25.46

so P (which is our initial deposit)=25.46

6 0

2 years ago