Answer:
A. True
Explanation:
Primary data are data obtained from the source. They are data collected from where they initially came from. Researchers, reporters often make use of primary data for project purposes.
Examples of primary data are telephone survey, experiments and interview etc.
Before identifying type of data to be used, population target and purpose of the research must be known. The type of data to be choosen must be directed to suit the purpose of a particular research project.
Answer:
Particulars 2021 2022 2023
Beginning Inventory <u>277</u> <u>253</u> 235
Cost of Goods sold 633 623 <u> </u><u>586</u>
Ending inventory <u> </u><u>253 </u> 235 220
Cost of good available for sale 886 <u>876</u><u> </u> 806
Purchases 640 <u>623 </u> 595
Purchase discounts 20 17 <u>26</u>
Purchase returns 26 32 16
Freight-in 15 34 18
Explanation:
There are few missing values which are calculated using back solving technique. These values are bold and underlined. Playa Company has missing information for its three year accounts.
Available for sale = Beginning inventory + Net Purchases
Cost of Goods Sold = Cost of good available for Sales - Ending inventory
Ending inventory = Cost of Goods available for Sales - Cost of Goods Sold.
Net purchases = Gross purchases + Freight in - Purchase discount - Purchase return