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3 years ago

Market research is the process associated with the controversial act of "data mining" or acquiring information about

Business

1 answer:

alina1380 [7]3 years ago

8 0

Answer:

True

Explanation:

Market research involves collecting, analyzing, and interpreting information regarding a company's brand name, products, services, or the market. It is concerned with gathering data on potential customers, existing and possible competitors of a product about to be launched. Market research is more of a feasibility study on products and services or markets.

Market research involves collecting data from different people, such as suppliers, customers, distributors, and traders. One has to engage these individuals and gather as much information from them. The activities of obtaining information are comparable to data mining.

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Following are account balances (in millions of dollars) from a recent FedEx annual report, followed by several typical transacti

Harman [31]

Question Completion:

Prepare the necessary journal entries without the narration.

Answer:

FedEx

a. Debit Cash $17,600

Debit Accounts Receivable $21,704

Credit Service Revenue $39,304

b. Debit Equipment $3,434

Credit Note Payable (long-term) $3,434

c. Debit Rent Expense $10,136

Debit Prepaid Rent $3,728

Credit Cash Account $13,864

d. Debit Maintenance Expense $3,864

Credit Cash Account $3,864

e. Debit Cash Account $24,285

Credit Accounts Receivable $24,285

f. Debit Long-term Notes Payable $350

Credit Cash Account $350

g. Debit Cash Account $320

Credit Common Stock $2

Credit Additional paid-in capital $318

h. Debit Salaries and Wages Expense $15,276

Credit Cash Account $15,276

i. Debit Spare parts, supplies, and fuel Expense $8,564

Credit Cash Account $8,564

j. Debit Accounts Payable $784

Credit Cash Account $784

k. No journal is required.

Explanation:

With the above journal entries, the accountants at FedEx have recorded the listed business transactions for the first time in the accounts of FedEx. From the entries, these transactions will then be posted to the general ledger where accounts, transactions, and business events are summarized.

8 0

3 years ago

The following data pertains to Lam Co.'s manufacturing operations: Inventories 4/1 4/30 Direct Materials $ 18,000 $ 15,000 Work

Sliva [168]

Answer: $65000

Explanation:

For the month of April, the conversion cost that was incurred would be calculated as:

Beginning inventory of Direct Materials = $18000

Add: Purchase = $32000

Total cost of Direct Materials available = $50000

Less: Ending inventory of Direct Material = $15000

Therefore, Direct material used:

= $50000 - $15000 = $35000

Add: Direct labor = $30000

Conversion cost incurred = $35000 + $30000 = $65000

5 0

3 years ago

Bub here it is <br> :)<br> you made my simp list bigger btwefrgtfhjk,jmhgfvdsadfrgtyhjn bv

katovenus [111]

Oh? Don’t know what this is but thank you for the give points

5 0

3 years ago

Read 2 more answers

The field of accounting that focuses on providing information for external decision makers is:.

SSSSS [86.1K]

The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.

<h3>What is Managerial Accounting?</h3>

Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.

In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.

Read more about Managerial accounting

brainly.com/question/14570679

#SPJ1

8 0

2 years ago

A sporting goods store is having a large sale event. Baseball bats are marked down by 42%, and hockey sticks are marked down by

Rina8888 [55]

The correct statement is "Hockey sticks had their prices reduced by $0. 41 more than baseball bats."

Mark down refers to a reduction in price of an item or good. The reduction is generally done as a percentage of price of the item. The purpose behind mark down is to increase sales volume.

<h3>Calculation of reduction in price:</h3>

Given:

Markdown in price of baseball bats is 42%

Cost of baseball bats after markdown is $21.46

Markdown in price of hockey sticks is 29%

Cost of hockey sticks after markdown is $39.05

For calculating the amount of markdown, we need to find the original cost of baseball bats and hockey sticks.

Calculation of cost of baseball bats before markdown:

$\begin{aligned} \rm Cost \:before\:markdown &= \dfrac{\rm Cost \:after \:Markdown}{100- \rm Markdown\%} \\
\\
&=\dfrac{21.46}{100-42\%}\\
\\
&=\dfrac{21.46}{58\%}\\
\\
&=\$37\end$

Hence the markdown in price of baseball bats is $\$37-\$21.46=\$15.54$

Similarly, for hockey sticks:

$\begin{aligned} \rm Cost \:before\:markdown &= \dfrac{\rm Cost \:after \:Markdown}{100- \rm Markdown\%} \\\\&=\dfrac{39.05}{100-29\%}\\\\&=\dfrac{39.05}{71\%}\\\\&=\$55\end$

Markdown in the cost of hockey sticks is $\$55-\$39.05=\$15.95$ .

Difference in markdown is:

$\$15.95-\$15.54=\$0.41$

Therefore it can be concluded that markdown in cost of hockey sticks is more as compared to baseball bats by $0.41

Hence the correct statement is "Hockey sticks had their prices reduced by $0. 41 more than baseball bats."

Learn more about markdown here:

brainly.com/question/3099549

7 0

2 years ago