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QveST [7]
3 years ago
6

Why is it important for business people, who are increasingly exposed to research results, to study marketing research?

Business
1 answer:
LUCKY_DIMON [66]3 years ago
4 0

Answer:

D) All of the above

  • a. So they won't take research results at face value
  • b. So they will know how to ask the right questions about the research
  • c. So they can determine the validity of the results

Explanation:

Marketing research is defined as the process of collecting, analyzing and interpreting information that can be used to develop, implement and monitor a company's marketing plan.

Imagine if a manager received a study, he/she cannot take for granted that the study was well developed, carried out and the results were interpreted correctly. The manager must know how to evaluate if the parameters of a research are correct or if the results are valid or not.

You might be interested in
This activity is important because it covers important terms for effective money management. The goal of this exercise is to ide
viva [34]

Remainder Part of the Question:

Build Your Financial Base Terms:

The ______ is one of the best places to put your money.

A _______ is one of the worst places to keep long-term investments.

You can use a _______ to keep track of purchases.

Your _______ is likely to be the largest of the most important investments you make.

It is wise to plan your financial future with _______.

Available Options are:

Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.

Answers:

A. Stock market

B. Bank Account

C. Credit Card

D. Home

E. Insurance

Explanation:

A. The <u>Stock Market</u> is one of the best places to put your money.

Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.

B. A <u>Bank Account</u> is one of the worst places to keep long term investment

The lowest returns are on saving accounts hence it is the worst place for long term investments.

C. You can use <u>Credit Card</u> to keep a track of your purchases.

Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.

D. Your <u>Home</u> is likely to be the largest of the most important investments you make

Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.

E. It is wise to plan your financial future with <u>Insurance</u>.

Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.

8 0
3 years ago
From the following information, construct a simple income statement and a balance sheet:
yaroslaw [1]

Answer and Explanation:

The Preparation of the simple income statement and a balance sheet is shown below:-

                                   Corporation X

                                  Income Statement

                                 for the Year Ended xxxx

Particulars                                        Amount

Sales                                                $1,000,000

Less: Cost of goods sold               $500,000

Gross profit                                      $500,000

Less: Other expenses                     $60,000

EBIT                                                  $440,000

Less: Interest                                   $70,000

EBT                                                   $370,000

Less: Income tax                              $100,000

Net income                                       $270,000

Number of shares outstanding       $80,000

Earning per share                             $3.375

(Net income ÷ Number of shares outstanding)

                                   Corporation X

                                  Income Statement

                                 for the Year Ended xxxx

Particulars                                        Amount

Assets

Cash                                                $70,000

Accounts Receivable                     $150,000

Inventory

Raw Material                                   $80,000

Finished Goods                              $250,000

Total Current Assets                      $550,000

Plant & Equipment                          $410,000

Total Assets                                    $960,000

Liabilities

Accounts Payable                          $160,000

Other Current Liabilities                 $60,000

Total Current Liabilities                  $220,000

Long term Debt                              $200,000

Equity                                              $540,000

Total Liabilities & Equity                 $960,000

6 0
3 years ago
The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020:
qaws [65]

a) The journal entries for the transactions relating to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020, are as follows:

<h3>Journal Entries:</h3>

Debit Taxes Receivable $1,000,000

Credit Property Tax Revenue $1,000,000

Debit Other Revenues Receivable $400,000

Credit Other Revenue $400,000

Debit Cash $970,000

Credit Taxes Receivable $970,000

Debit Cash $340,000

Credit Other Revenues Receivable $340,000

Debit Contract Services $106,000

Credit Accounts Payable $106,000

Debit Other Expenditures $1,040,000

Credit Accounts Payable $1,040,000

Debit Accounts Payable $1,204,000

Credit Cash $1,204,000

b) The preparation of the Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund is as follows:

City of Buffalo Falls

<h3>Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund</h3>

For the year ended December 31, 2020

Property Tax Revenue              $1,000,000

Other Revenue                              400,000

Total Revenues                         $1,400,000

Expenditures:

Contract Services     $106,000

Other Expenditures 1,040,000

Total expenditures                   $1,146,000

Changes in Fund Balance        $254,000

c) The preparation of the Balance Sheet for the General Fund is as follows:

City of Buffalo Falls

<h3>Balance Sheet</h3>

As of December 31, 2020

Cash                                              $216,000

Taxes Receivable                          245,000

Other Revenues Receivable          60,000

Total Assets =                              $521,000

Accounts Payable                          $7,000

Fund Balance                               514,000

Total liabilities + Fund balance $521,000

<h3>Data:</h3>

Beginning balances:

Cash, $110,000

Taxes Receivable, $215,000

Accounts Payable, $65,000

Fund Balance, $260,000

<h3>Budget:</h3>

Estimated revenues =        $1,400,000

Estimated expenditures =  $1,294,000

Estimated budget surplus = $106,000

<h3>Transaction Analysis:</h3>

Taxes Receivable $1,000,000 Property Tax Revenue $1,000,000

Other Revenues Receivable $400,000 Other Revenue $400,000

Cash $970,000 Taxes Receivable $970,000

Cash $340,000 Other Revenues Receivable $340,000

Contract Services $106,000 Accounts Payable $106,000

Other Expenditures $1,040,000 Accounts Payable $1,040,000

Accounts Payable $1,204,000 Cash $1,204,000

<h3>Accounts Balances:</h3>

Cash, $216,000 ($110,000 + $970,000 + $340,000 - $1,204,000)

Taxes Receivable, $245,000 ($215,000 + $1,000,000 - $970,000)

Other Revenues Receivable $60,000 ($400,000 - $340,000)

Accounts Payable, $7,000 ($65,000 + $106,000 + $1,040,000 - $1,204,000)

Fund Balance, $514,000 ($260,000 + $254,000)

Learn more about Statement of Revenues, Expenditures, and Changes in Fund Balance at brainly.com/question/13814211

#SPJ1

8 0
2 years ago
Emerald Jewelery Store had a credit balance in interest payable of $200 at the beginning of the period, and a credit balance of
Evgesh-ka [11]

Answer:

Net income will be decreased by $150.

Explanation:

Given:

The credit balance of interest payable (Opening) = $200

Credit balance of interest payable (Closing) = $50

Net income will be decreased by $150.

Decreased net income = credit balance of payable (Opening)  - credit balance (Closing)

Decreased net income = $200 - $50

Decreased net income = $150

The interest of $150 was paid which would reduce the net profit.

7 0
3 years ago
Rich and Lucy were married for 52 years. Rich died on May 9, 2020. Lucy has no dependents, and she did not remarry. The correct
KATRIN_1 [288]

Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is <u>Married filing jointly. </u>

Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.

Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.

In conclusion, the correct answer is option A.

Find out more about joint filing at brainly.com/question/2433386.

4 0
3 years ago
Read 2 more answers
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