1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bagirrra123 [75]
3 years ago
12

After reviewing the existing data on seasonal spending by his company's customers, Marvin decided he needed new information coll

ected to address his research questions. Marvin will need __________ data to address the questions in his market research study.
1. primary
2. secondary
3. mined
4. syndicated
5. warehoused
Business
1 answer:
Brrunno [24]3 years ago
3 0

Answer: (1) Primary

Explanation:

The primary data is basically refers to the collection of the data by the researcher by using the various types of method such as experiments, surveys and the interviews and these method is also known as the first hand sources.

The main purpose of the primary data is that it helps in collecting the information after the proper research. The main advantage of the primary data is that it can be easily sorted and also analyzed.  

According to the given question, Marvin need the primary data for addressing the given questions based on the market research study.

 Therefore, Option (1) is correct answer.

You might be interested in
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payro
Roman55 [17]

Answer:

Marcelino Co.

Journal Entries:

Debit Raw materials $500,000

Credit Accounts Payable $500,000

To record the purchase of raw materials on credit.

Debit Factory payroll $363,000

Credit Cash $363,000

To record payment for factory payroll.

Debit Work in Process:

Job 307 $135,000

Job 307 $220,000  

Job 308  $100,000

Credit Raw materials $455,000

To record direct materials used in production

Debit Work in Process:

Job 307 $42,500

Job 307 $75,000  

Job 308  $52,500

Credit Factory overhead $170,000

To record overhead applied.

Debit Factory overhead  $175,000

Credit Raw materials $50,000

          Factory payroll $23,000

          Factory rent $32,000

          Factory utilities $19,000

          Factory equipment depreciation $51,000

To record actual factory overhead costs.

Debit Finished Goods Inventory $828,500

Credit Work in Process:

Job 306 $321,500

Job 307 $507,000

To record the cost of finished goods transferred.

Debit Cost of goods sold $321,500

Credit Finished goods inventory $321,500

To record the cost of goods sold.

Debit Cash $635,000

Credit Sales Revenue $635,000

To record the receipt of cash for sales.

Debit Cost of Goods Sold $5,000

Credit Factory overhead $5,000

To record underapplied overhead.

Explanation:

a) Data and Calculations:

Raw materials inventory, March 31 = $80,000

Raw materials $500,000 Accounts Payable $500,000

Factory payroll $363,000 Cash $363,000

Overhead costs incurred in April :

Indirect materials  $50,000 Raw materials $50,000

Indirect labor $23,000 Factory payroll $23,000

Factory rent $32,000 Cash $32,000

Factory utilities $19,000 Cash $19,000

Factory equipment depreciation $51,000 Accumulated depreciation $51,000

Total overhead incurred = $175,000

Predetermined overhead rate = 50% of direct labor cost

Sale of Job 306 for cash = $635,000

                                 Job 306          Job 307          Job 308             Total

Balances on March 31

Direct materials       $29,000          $35,000                                $64,000

Direct labor                20,000             18,000                                   38,000

Applied overhead      10,000              9,000                                    19,000

Costs during April

Direct materials       135,000          220,000          $100,000    $455,000

Direct labor               85,000           150,000            105,000       340,000

Applied overhead    42,500             75,000              52,500       170,000

Total costs            $321,500        $507,000          $257,500 $1,086,000

Status on April 30 Finished (sold) Finished (unsold) In process

3 0
3 years ago
Michael works as a financial advisor in a doctor’s office. The two organizations that Michael most likely belongs to are the
Zigmanuir [339]
<span>AFP and AMA

AFP american family physician
AMA american medical association</span>
8 0
3 years ago
Read 2 more answers
Dmitri recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from
Lelechka [254]

Answer:

B. FALSE

Explanation:

This economy is currently at its natural rate of unemployment because there is <u>no cyclical unemployment</u>

In macroeconomics, <u>full employment is the level of employment rates where there is no cyclical or deficient-demand unemployment. </u>

<u>The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate</u>.

Hence, it is false to allege that the economy in the given scenario is not currently at its natural rate of unemployment

7 0
3 years ago
The closer you get to the vehicle you want to pass, the less you can see ahead; this is especially true when passing trucks, tra
Butoxors [25]
D. All of the Above, It's the safest thing to do
8 0
3 years ago
Ness, a broker, advises Ollie to invest in Penny Stock Inc. When the share price of Penny’s stock drops, Ollie accuses Ness of f
DerKrebs [107]

Answer: d. a misrepresentation of a fact knowing it is falso

Explanation:

Reliance that gives rise to liability for fraud requires intentional misrepresentation, that is a misrepresentation of a fact knowing that it is false. If Ness, the broker intentionally misled Ollie and advised Ollie to buy Penny stock shares based on Ness's  that the stock price will rise Ness will be charged with fraud.

5 0
3 years ago
Other questions:
  • The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each
    15·1 answer
  • You currently own a portfolio valued at $52,000 that has a beta of 1.16. you have another $10,000 to invest and would like to in
    11·1 answer
  • List several factors that help identify inappropriate, unsound, and possibly dangerous commercial weight loss programs
    10·1 answer
  • Your company, Beta Corporation, is considering a new project which you must analyze. Based on the following data, what is the pr
    12·1 answer
  • An increase demand for any good or services is reflected graphically as:______.
    11·1 answer
  • CoronadoCorporation, Inc. has the following income statement (in millions): Coronado Corporation, Inc. Income Statement For the
    8·1 answer
  • If an owner of a copy center is interested in knowing which of her employees can make the most copies in one hour, she wants to
    9·2 answers
  • Accountants include ________ costs as part of a firm's costs, while economists include ________ costs. Group of answer choices i
    6·1 answer
  • Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, an
    9·1 answer
  • Explain the negative impact of ethical misconduct on businesses​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!