The researchers must be to collect and analyze all the data with the utmost subjectivity to ensure it. This could be done by:
• keeping complete and detailed notes regarding all decisions and procedures
• Do net let personal interpretation mixed with subjective observation
<span>• collecting different types of data with the different method in order to prevent mistakes</span>
Answer:
D. The income statement because it recognizes revenues at the time of sale (whether payment has been received or not) and recognizes expenses when they are incurred.
Explanation:
The income statement in accordance to the accrual basis and matching concept recognizes revenues at the time of sale (whether payment has been received or not) and recognizes expenses when they are incurred.
The business exists for a profit motive and it is the income statement that reveals whether or not the company is doing so, on a monthly, quarterly and annual basis.
Again, the listing of all categories of expenses on the income statement makes it possible to focus attention on which cost has to be brought under control to improve profitability.
"In the long run, a country's production of goods and services and the standard of living of its citizens are independent of each other because countries have the opportunity to import goods and services" is FALSE.
<u>Option: B</u>
<u>Explanation:</u>
A nation's manufacturing of goods and services and the standard of living of its citizens is related by economist as the increase in GDP gives logically idea of standard of living of people in many cases but may vary practically with some exceptions. Thus these two factors will remain dependent either in short or in long run.
This is because if more goods have been produced by people more profit under law and order they earn which helps in increasing their standard of living while some exception may exist too like employees or workers with low salary and more work cannot allow them to increase their living standard, thus with production of goods and services the salary structure is also needed to be maintained to correlate these factors.
Answer:
PV= $7,528
Explanation:
Giving the following information:
Future value= $15,000
Number of periods= 8 years
Interest rate= 9% compounded annually
<u>To calculate the present value, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 15,000/(1.09^8)
PV= $7,528
Answer: Individuals may have different categories based on age, lifestyle, and income.
Explanation:
At different ages people have different needs.
