Discuss the "available published reports" as a source for industry information
What will be an ideal response?
The most common approach to obtaining industry data, often viewed as the most reliable, is via available published
market reports written by industry analysts and market research services. Industry research firms cover a wide
variety of markets and publish reports on them on a regular basis, knowing that a demand for such information
exists. Industry analyst reports often cover many other market characteristics, including market size forecasts and
trends. In addition, discipline -specific academic journals can be useful, especially for specific market areas. The
advantages of this approach are speed and convenience. To get the reports, the user simply goes to the industry
analyst's website, searches for one of the many available reports on their industry, and purchases it. The
disadvantage to this approach is the price—the reports are expensive, often costing thousands of dollars. Many
research firms offer annual subscription services, which can prove cost-effective in the long run if the organization
requires many reports.
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Indicate whether the statement is true or false
Sun Corp sells merchandise to customers. Sun should normally recognize
a. Cash revenue only and the related expenses in the same accounting period as earned whether payment is received or not b. Revenue when the cash is collected and the expenses when Mendes pays its creditor for the merchandise c. Revenue and expenses after all payments are collected d. Cash and credit revenue and the related expenses in the same accounting period as earned whether payment is received or not
Which of the following statements regarding net margin is not true?
A. Net margin may be calculated in several ways. B. The larger the net margin the better. C. The amount of net margin is affected by a company's choices of accounting principles. D. Net margin refers to the percentage of each sales dollar remaining after all expenses are subtracted.
Derek is writing a short report about his findings on the attitudes of custodial employees on the job. The audience for the report is Physical Plant management for the company. Which of the following formats should Derek use?
a. letter format b. memo format c. form report d. formal report