Business College

Secondary data consist of ________. Group of answer choices information collected for the specific purpose at hand data that does not age information that already exists somewhere, having been collected for another purpose information collected from conducting personal, in-depth interviews data that is unreliable and unsuitable for the purpose of making marketing decisions

Answers

Answer 1

Answer:

information that already exists somewhere, having been collected for another purpose

Explanation:

In data collection there are two main types based in the source and the purpose for which it is collected.

Primary data collection is done mainly for a particular purpose. It is the first time data is collected for that reason.

Secondary data is one that is collected from primary sources. It is collected from data compiled for other purposes in the past.

The data is now seen as being useful for another activity so it is reused.

Examples are information from newspapers, diaries, transcripts, and financial statements

Related Questions

Hasty and Tasty Foodservice received a 120-day, 8% note for $96,000, dated April 9 from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. $fill in the blank a7f48f054fe7fee_2 c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank.

Answers

Answer:

a. Month   Days

    April      21 (30 -9)

    May       31

    June      30

    July        31

    August    7

    Total        120 days

Thus, due date of the note is August 7

b. Interest      =  $2,560 [$96,000 * 8% * (120/360)]

  Principal     =  $96,000

Maturity value $98,560

c. Date     Account Titles                 Debit         Credit

   Aug 7.   Cash                              $98,560

                       Note receivables                       $96,000

                        Interest revenue                       $2,560

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