Malcolm is engaged in SECONDARY RESEARCH.
Secondary research is a type of research that involves the summary and the synthesis of existing research. Primary research on the other hand is a type of research in which data are generated. Secondary research use primary research as a source of data for analysis.
In the question given above, the reports generated by the government agencies and the local chamber of commerce are gathered via primary research. <span />
Answer:
The correct answer is : Public accountant.
Explanation:
They are people that provide services to individuals and businesses on a fee basis. These people also give financial advice as well as provide basic financial information to the company that requires it. Bookkeeping, consulting and auditing are tasks they also perform. They can also become a strategic adviser, interpreting financial information in order to make decisions related to a specific budget.
Answer:
Implicit costs are opportunity costs. They are the cost of the next best alternative that one could have taken from the one they took.
Explicit costs are normal accounting costs which represent the expenses involved in running a business.
a. The wages and utility bills that Charles pays. EXPLICIT COSTS.
These are normal accounting expenses so they are explicit costs.
b. The wholesale cost for the guitars that Charles pays the manufacturer. EXPLICIT COSTS.
Another cost of doing business so this is explicit as well.
c. The rental income Charles could receive if he chose to rent out his showroom. IMPLICIT COST.
By not renting out his showroom and using it instead, he is losing the rental income he could be making so this is an implicit cost.
d. The salary Charles could earn if he worked as a financial advisor. IMPLICIT COST.
Another income he could be making if he wasn't selling guitars. This make it an implicit cost.
Answer:
$213,250
Explanation:
The calculation of cash inflow is shown below:-
Expected cash collections
For the month of June
Months Sales Percentage Expected collections
April $282,500 5% $14,125
May $213,750 30% $64,125
June $225,000 60% $135,000
Total collection in the month of June $213,250
Here we assume Sales for April$282,500, May $213,750 and June $225,000.
Please ignore the last value as it is not relevant to the question
Answer:
The correct answer is letter "D": soldiering.
Explanation:
American economist Frederick Winslow Taylor (1856-1915) in his "<em>The Principles of Scientific Management</em>" referred to as soldiering to the act in which employees underperform on purpose. According to Taylor, this behavior is mainly caused because of the employees' belief that reaching maximum efficiency could lead to employers firing less productive workers, and because of little to no incentive wages.
