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
Arada [10]
3 years ago
13

Explain the role of secondary data in gaining customer insights​

Business
1 answer:
Gnoma [55]3 years ago
8 0
Secondary data is information that already exists for another purpose. Researchers get the data by the company's internal database. They are also able to get the information by other resources. One potential problem that may occur is not all information they need are easily obtainable.
You might be interested in
The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjus
almond37 [142]

Answer:

The account wise answers are given below

Explanation:

a) Account receivable are adjusted for any doubtful debts and uncollectible accounts from customers.

In this account, the adjusting entry we make as follows

Bad debt Expense        Dr.$$

Provision for Bad debts  Cr. $$

When it is certain that customer will no longer pay the specified amount, the write off entry is made as follows

Provision for Bad Debts    Dr. $$

Accounts Receivable        Cr. $$

b)Prepaid Insurance

It is adjusted when the period for it is paid in advance has lapsed or expired then expense is recorded and prepaid insurance is reduced

The adjusting entry is made as follows,

Insurance Expense   Dr.$$

Prepaid Insurance    Cr.$$

c) & d) Equipment & Accumulated Depreciation

The Assets are adjusted over their useful life for depreciation. When an asset is used during whole year, its cost is reduced and that reduction is recorded as deprecation expense and accumulated depreciation.

The Adjusting Entry is made

Depreciation Expense      Dr. $$

Accumulated Depreciation  Cr. $$

When asset is sold the adjusting entry is made,

Accumulated Depreciation Dr. $$

Asset-Equipment                    Cr. $$

e)Notes Payable & f) Interest payable

These are liabilities. When any expense is accrued and any interest is payable but not paid on loan received is recoded is liability.

The adjusting entry is made,

Interest Expense/Notes Expense   Dr.$$

Interest Payable or Notes Payable  Cr.$$

g) Unearned Service Reveune

It is liability in nature when services are not rendered but amount for those services is paid in advance then its called unearned service revenue.

When those services are actually rendered to customers, the adjusting entry is made,

Unearned Service revenue Dr. $$

Service revenue                    Cr. $$

7 0
3 years ago
If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is ______________.
Jobisdone [24]

Answer:

The amount of cash received from the sale is $1,027,500

Explanation:

In this scenario we first have to know the number of bonds issued and then multiply it by the bond price which is given to us in the question.

The bonds have a total face value of 1,000,000 and one bond is issued at 102.75 which means that the face value of a single bond is 100.

Now in order to find the number of bonds issued we will divide the total face value by the face value of a single bond.

1,000,000/100=10,000.

10,000 bonds were issued at $ 102.75 now in order to calculate the total cash received we will multiply the number of bonds with the issue price.

10,000*102.75=1,027,500

4 0
3 years ago
Valerie has a summer job hand-dying shirts that will be sold on the boardwalk. she is paid $3.50 per shirt. this is an example o
lyudmila [28]

Answer: pay for performance

                                                                 

Explanation: In simple words, it refers to the concept under which an organisation tries to motivate its employees to work more by  offering them incentives on extra work. These incentives could be cash or related to some other service as such.

In the given case, Valerie  is earning from the summer job on the basis of production she do while on the job.

Hence the following case is an example of pay for performance.

3 0
3 years ago
Suppose that the banking system in Canada has a required reserve ratio of 10 percent while the banking system in the United Stat
Mariulka [41]
I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
6 0
3 years ago
Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = 0.6, how much will
grin007 [14]

Answer:

option (D) $50 billion.

Explanation:

Data provided in the question:

Additional investment spending = $20 billion

MPC = 0.6

Now,

Increase in aggregate demand = [1 ÷ (1 - mpc) ] × Investment

or

Increase in aggregate demand =  [1 ÷ (1 - 0.4) ] ×  $20 billion

or

Increase in aggregate demand = (1 ÷ 0.4) × $20 billion

or

Increase in aggregate demand = 2.5 × $20 billion

or

Increase in aggregate demand = $50 billion

Hence.

the correct answer is option (D) $50 billion.

5 0
3 years ago
Other questions:
  • Which of the following describes a saturated market?
    8·2 answers
  • Capital structure decisions include determining: Group of answer choices The terms of a bond issue to fund a project. the amount
    9·1 answer
  • Who Is The Richest Man In Togo 2020?
    10·2 answers
  • Andy Roddick is the new owner of Ace Computer Services. At the end of August 2014, his first month of ownership, Roddick is tryi
    9·1 answer
  • Which of the following statement is not true about derivative contracts?
    8·1 answer
  • Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixe
    9·1 answer
  • If a firm's marginal tax rate is increased, this would, other things held constant, lower the cost of debt used to calculate its
    10·1 answer
  • Both of Susan’s movies are three days late. According to her receipt, the purchase price of one of her movies is $12. 00 while t
    14·1 answer
  • Revision of Depreciation
    9·1 answer
  • A negative relationship between the quantity demanded and price is called the law of:.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!