Answer:
Primary data
Explanation:
Primary data is information collected by a researcher from the field for the first time. The tools used to collect primary data are designed to address a particular problem. Consequently, the gathered information will be relevant to solving the problem at hand. Primary data is first-hand information and is collected using questionnaires, surveys, and interviews.
Secondary data is information that had been collected previously for other purposes but was found useful in another study.
Food business. It is the best example or entrepreneurial activity that anyone is capable of doing which is related to cooking. If you like baking, you can put up a bake shop, or cookie shop.
Answer:
$765,000
Explanation:
The computation of the accounts receivable balance is shown below:
We know that
Days Sales Outstanding = (Accounts receivable ÷ Credit Sales) × Total number of days in a year
46 days = (Account receivable ÷ $6,205,000) × 365 days
So, the account receivable would be
= ($6,205,000 × 45 days) ÷ 365 days
= $765,000
We simply applied the above formula.
Answer:
a. is a list of accounts with their balances at a given time.
Explanation:
There are two columns in the trial balance, namely debit columns and columns of credit. The total amount of columns of debit and credit should always match and equaled.
The debit columns reflect assets and expenses side while earnings, stockholder equity, and liability side are listed in the credit column. It is prepared for the given period of time.