List two benefits of using secondary data
What will be an ideal response?
Secondary data can usually be obtained more quickly and at a lower cost than primary data. Also, secondary sources can sometimes provide data an individual company cannot collect on its own—information that either is not directly available or would be too expensive to collect.
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In order to manipulate the money supply, the Fed can change the interest rate that it pays on reserves in comparison to the ____ rate.
A. federal funds B. prime C. 30-year fixed mortgage D. credit card interest
Under the allowance method of recording bad debts, which of the following entries, if any, would be made to write off actual uncollectible accounts of $5,500?
A) Allowance for Doubtful Accounts 5,500Accounts Receivable 5,500 B) Bad Debt Expense 5,500Allowance for Doubtful Accounts 5,500 C) Bad Debt Expense 5,500Accounts Receivable 5,500 D) No entry is needed.
Which of the following statements about a grid store layout is not true?
A. The grid layout satisfies utilitarian needs of customers. B. The grid layout is suitable for customers with hedonic needs. C. There is little wasted space with a grid layout. D. The amount of merchandise on the floor with a grid layout can be significantly greater than with other types of layouts. E. The grid layout is very cost-efficient.
Which of the following statements is incorrect?
A. An annuity is a series of payments pursuant to a contract. B. Contributions to a pension plan can only be made by the beneficiary. C. A payment to a beneficiary from a pension plan is called a distribution. D. With a qualified pension plan, earnings on plan assets are not taxed in the year earned.