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Ghella [55]
4 years ago
14

Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i

s Malcolm engaged in?
A. Primary

B. Secondary

C. Tertiary

D. Personal
Business
1 answer:
zhannawk [14.2K]4 years ago
7 0
The correct option is B.
There are three basic types of research, these are primary, secondary and tertiary research. A primary research is a type of research in which data, which are  the first of its kind are generated. Secondary research on the other hand is the type of research that is carried out based on the summary and the synthesis of the information gathered from primary research. 
The reports generated by the government agencies and the local chamber of commerce in the question given above are examples of data generated via primary research
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The income statement reports financial information related to the following broad areas of business except
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The answer is B. Operating expenses
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3 years ago
Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser
stealth61 [152]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Toot! TiX Total

Users 17,900 24,100 42,000

Administrative costs $ 1,848,000

<u>We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,848,000/42,000

Predetermined manufacturing overhead rate=  $44 per user

<u>Now, we allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Toot!= 44*17,900= 787,600

TiX= 44*24,100= 1,060,400

<u>Finally, the gross profit for each service:</u>

Toot!:

Revenue= 2,200,000

Engineering cost= (1,096,250)

Administrative cost= (787,600)

Profit= $316,150

TiX:

Revenues= 2,400,000

Engineering cost= (1,213,750)

Administrative cost= (1,060,400)

Profit= $125,850

5 0
3 years ago
uestion 31 Oriole Company has the following inventory data: July 1 Beginning inventory 114 units at $19 $2166 7 Purchases 399 un
lina2011 [118]

Answer:

$7,714

Explanation:

The computation of the cost of good sold under LIFO method is shown below

But before that following calculations need to be done

Goods sold = Beginning inventory + Purchases - Ending inventory

= 114 + (399 + 57) - 190

= 380 units

Now 380 units sold would include 57 units of July 22 purchases and balance i.e. (380-57)  323 units of July 7 purchases

So, cost of goods sold

= (57 × 22) + (323 ×20)

= $7,714

7 0
3 years ago
Whitlow Incorporated and Tanaka Manufacturing both have unrealized gains from purchased securities. Whitlow reported their unrea
adelina 88 [10]
The answer should be C or A
6 0
4 years ago
a. Depreciation on the company's equipment for the year is computed to be $11,000. b. The Prepaid Insurance account had a $9,000
Aleks [24]

Answer:

depreciation expense 11,000 debit

  acc dep equipment          11,000 credit

insurance expense        7,430 debit

      prepaid expense          7,430  credit

supplies expense      2,604 debit

           supplies                2,604 credit

unearned revenue   8,000 debit

   service revenue        8,000 credit

rent expense         3,730 debit

      prepaid rent          3,730 credit

wages expense     3,000 debit

   wages payable          3,000 credit

Explanation:

9000 insurance - 1,570 unexpired = 7,430 expired

supplies

beginning       420

purchased   2,680

ending            (496)

consumed:   2,604

as the service were earned we decrease the unearned amount and recognzie our service revenue

we are given with the expired amount of the rent so we declare it.

same goes for wages, we are givne with the accrued amount

5 0
3 years ago
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