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sleet_krkn [62]
2 years ago
12

Identify three major groups of people involved in the marketing research process, and then give at least one example of an uneth

ical behavior sometimes practiced by each group.
Business
1 answer:
laila [671]2 years ago
6 0

Answer:

1. Data collectors

2. Statisticians

3. Report writers/presenters

Explanation:

The marketing research process is a process by which individuals working for a firm, group up to identify problems in the firm's market or with the firm's commodity, design research plans, seek data on identified problems, compile data, analyze data, and give reports.

Ethics is a philosophical principle which defines what is right from what is wrong. Unethical behavior or practices are those acts perceived as wrong, as pertains to the role an individual should play in an institution.

(A) Data Collectors

Due to the tediousness of the data collection process in most researches, data collectors leave gaps in field work. Examples of these gaps or unethical behaviors include:

- Underrepresentation of study groups - e.g. the control group, experimental group, interviewees, etcetera; depending on the method of data collection.

- Use of inappropriate data collection method for the research

- Working outside of the purpose of the research.

(B) Statisticians

This team is in charge of all computation and figure management. The figures are derived from data collected and are used to give direction and meaning to each set of data. Common unethical behaviors in this field include:

- Replacement of lost data or figures with new data or figures which were not gotten from field work or the data collection process.

- Over approximation or under approximation of figures and results; to suit personal result-interpretation desires.

(C) Report Writers/Presenters

Some unethical practices here include:

- Deliberate removal of some aspects of the project work; to simplify the report writing process

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A smaller business with variable cash flow is looking to establish a pension plan for its 50 employees. It wants a plan that all
nasty-shy [4]

Answer:

SEP IRA

Explanation:

A SEP IRA means , a Simplified Employee Pension IRA, which is easier to set up and administrate than most other pension plans.

The Simplified Employee Pension IRA allows the employer to make a deductible contribution of a maximum of 25% of an employee's income (20% effective rate), capped at $54,000 in 2017.

The Simplified Employee Pension IRA has a key advantage which is that, it allows the employer to vary the contribution percentage each year .

In this case, a smaller business should make use of Simplified Employee Pension IRA, because it is easier to set up and have other benefits that are okay for such type of business.

3 0
3 years ago
Read 2 more answers
Problem 11-1A Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displa
tester [92]

Missing information:

__?__ Paid the amount due on the note to Locust at the maturity date.

__?__     Paid the amount due on the note to NBR Bank at the maturity date.

Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% interest-bearing note with a face value of $24,000.

Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2017

__?__  Paid the amount due on the note to Fargo Bank at the maturity date.

Required: prepare journal entries

Answer:

2016 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30.

April 20, 2016, merchandise purchased on account

Dr Merchandise inventory 37,500

    Cr Accounts payable 37,500

May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $2,500 in cash.

May 19, 2016, replaced account payable with note payable

Dr Accounts payable 37,500

    Cr Cash 2,500

    Cr Notes payable 35,000

July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 10% interest-bearing note with a face value of $54,000.

July 8, 2016, borrowed $54,000 from bank

Dr Cash 54,000

    Cr Notes payable 54,000

__?__ Paid the amount due on the note to Locust at the maturity date.

August 17, 2016, paid note payable to Locust

Dr Note payable 35,000

Dr Interest expense 690.41 ($35,000 x 8% x 90/365)

    Cr Cash 35,690.41

__?__     Paid the amount due on the note to NBR Bank at the maturity date.

November 5, 2016, paid bank's debt.

Dr Notes payable 54,000

Dr Interest expense 1,775.34 ($54,000 x 10% x 1220/365)

    Cr Cash 55,775.34

Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% interest-bearing note with a face value of $24,000.

November 28, 2016, borrowed $24,000 from bank

Dr Cash 24,000

    Cr Notes payable 24,000

Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

December 31, 2016, accrued interests on bank debt

Dr interest expense 130.19 (= $24,000 x 6% x 33/365)

    Cr Interest payable 130.19

2017

__?__  Paid the amount due on the note to Fargo Bank at the maturity date.

January 27, 2017,  paid bank's debt.

Dr Note payable 24,000

Dr Interest payable 130.19

Dr Interest expense 106.52 (= $24,000 x 6% x 27/365)

    Cr Cash 24,236.71

8 0
3 years ago
Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a
Nikitich [7]

Answer:

$12,900

Explanation:

Calculation for the amount of accounts receivable written off during the year

Beginning Balance $5,600

Add Bad debt expense $12,000

(2% x $600,000)

Less End-of-year balance ($4,700)

Accounts receivable written off $12,900

($5,600+$12,000+$4,700)

Therefore the amount of accounts receivable written off during the year will be $12,900

8 0
3 years ago
Company XYZ is looking for a Finance/Accounting intern. The student filling this position will handle a wide range of important
Inga [223]

Answer:

[Today’s Date]

[Hiring Manager]  

[356 Company Address]  

[City, State xxxxx]  

Dear [Mr./Mrs./Ms.] [Name],  

Endless supply of your posting for a Finance Intern, I was anxious to present my resume for your survey. With my strong comprehension of money related arranging and examination picked up all through my instructive foundation—just as my complete capacities when all is said in done business organization and group joint effort—I feel sure that I would fundamentally profit your organization in a temporary position job.  

In getting ready to get my MBA Degree in Finance this spring from the University of XYZ I have gained an expansiveness of information and aptitudes in subjects including money related administration, speculation systems, statistical surveying and examination, business morals, bookkeeping, and operational oversight. My tender loving care and phenomenal relational aptitudes, alongside my synergistic and expert mien, position me prepared to make a considerable commitment to your association.  

My capabilities for this job incorporate the accompanying:  

  • Getting ready to exceed expectations in pivoting between cross-utilitarian money related divisions and groups to increase basic introduction to all features of the fund area while at the same time conveying key research and venture backing to drive achievement.  
  • Exceeding expectations as a gainful cooperative person, imparting thoughts and data and conveying eloquent and brief introductions and reports.  
  • Showing capability in money related research and inside and out information examination, alongside the most elevated levels of association, self-activity, and group coordinated effort.  
  • Acquiring various authority and educational honors because of extraordinary execution; graduating in top 10% of class.  
  • Accomplishing capability in Microsoft Word, Excel, PowerPoint, and Outlook, just as QuickBook's and SAP.  
  • Exceeding expectations as a beneficial cooperative person while additionally utilizing self-inspiration abilities to flourish in autonomous workplaces.  

With my ongoing scholastic involvement with account, combined with my energy and commitment to making progress, I trust I will quickly outperform your desires for this job. I anticipate examining the situation in further detail.  

Much obliged to you for your thought.  

Truly,  

XYZ

3 0
3 years ago
Beyer Company is considering the purchase of an asset for $215,000. It is expected to produce the following net cash flows. The
wlad13 [49]

Answer:

a) Net Present Value = $ 304,495.12  

b) Beyer should accept the investment.

Explanation:

The net present value NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow

Year                                                     PV

1        77,000 × 1.12^(-1)       =  68,750.00  

2        54,000 × 1.12^(-2)    =  43,048.47  

3        82,000 ×  1.12^(-3)  =   58,365.98  

4      172,000 ×   1.12^(-4) =  109,309.11  

5       423,000 ×  1.12^(-5)=  <u>240,021.56  </u>

Total Present Value             519,495.12  

Initial cost                             <u>(215,000)</u>

Net Present Value                 <u>304,495.12 </u>

Net Present Value = $ 304,495.12  

b) Decision :

Beyer should accept the investment. This will increase the wealth of the shareholders by $ 304,495.12

8 0
3 years ago
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