Answer: The correct answer is "c. It is commonly used in the test marketing of new products in isolated geographic areas."
Explanation: The statement "It is commonly used in the test marketing of new products in isolated geographic areas." is true about the experimental method of data collection.
The experimental method of data collection is that by which an experiment is performed establishing the appropriate conditions of the place to run the test and thus collect data effectively.
Answer:
a) Credit to salaries payable for $9,300
Explanation:
Accrued salaries is a liability account because it represents an obligation that the company will have to pay in the near future. The journal entry for this transaction would be:
Account Debit Credit
Salaries Expense $9,300
Salaries Payable $9,300
During a recession, the Federal Reserve, charged with regulating the nation's economy, adds money to the system to make credit more easily available. Easy credit results in greater economic activity as businesses and individuals borrow to finance purchases and operations. This is called the liquidity effect in economics. Economist Milton Friedman coined the term "liquidity effect" in 1969 to describe how expansionary monetary policy affects three elements of the economy: interest rates, income and inflation.
Answer:
$30,000
Explanation:
A supplemental disclosure of cash flow information requires that all the cash paid in interest during the period must be disclosed.
In Ash's case:
beginning balance interest payable account $15,000
+ interest expense during the year $20,000
<u>- ending balance interest payable account ($5,000) </u>
supplemental disclosure = $30,000
Answer:
B) government spending and taxes that automatically increase or decrease along with the business cycle.
Explanation:
The two most common automatic stabilizers are: income taxes and unemployment benefits.
When the economy is strong, people make more money, and income tax revenue automatically increases.
On the contrary, when the economy is weak, or in recession, people earn less, and more of them are unemployed. Unemployment benefits therefore increase accordingly.