Secondary data is research that has previously been gathered and used for research. It’s basically data collected by someone else other than the person who is currently doing the person who is using that information. If that makes sense. Social media etc anything that takes data without doing their own gathering is secondary data
Answer:
C. $14,000
Explanation:
At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (debit) before any adjustments.
An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected, which is 5% x $300,000 = $15,000
<u>The balance of Allowance for Uncollectible Accounts after adjustment will be: $1000 (debit) + $15,000 (credit) = $14,000 credit</u>
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The two activities to serve with a market offering. to make this decision, marketers engage are segmenting and targeting.
Segmentation is the process of classifying the market into several accessible groups. Targeting is the process of focusing on a specific market segment in order to offer products from all market segments.
There are many ways to segment your target market. Geographic - By Country, Region, State, City, Neighborhood. Psychographic - by personality, risk aversion, values, or lifestyle.
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The general guideline for the segregation of duties is that the following areas should be separated by accounting controls : 1. custody of assets, 2. authorization of transactions, and 3. record-keeping responsibilities.
<h3>Give a brief account on segregation of duties.</h3>
The assignment of distinct steps in a process to different personnel is known as the segregation of duties. By exercising extreme control over a process, the goal is to prevent situations in which someone might steal something or do another fraud. In essence, distinct parties should have physical custody of an asset, record-keeping responsibilities for it, and acquisition and disposal authority.
A key component of a control system is the separation of roles. When evaluating an entity's system of internal controls, auditors will consider duty segregation and will give the system a lower rating if there are any segregation problems.
The auditors will change their methods when there are segregation problems because they will presume that the danger of fraud has increased. This method shift typically entails a rise in audit workload, which is passed on to the customer in the form of higher audit fees.
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Answer:
The variable should be included or excluded based on its significance.
True
Explanation:
Multicollinearity affect independent variables which are correlated. These effect the regression model equation and would increase the deviation error. The standard error is incorporated in the calculation by the variance. When multicollinearity is not included in the population then the variance error will be minimum.