In a short essay, list and discuss the two types of general surveys used to collect syndicated data
What will be an ideal response?
a. Periodic surveys collect data on the same set of variables at regular intervals, each time sampling a new group of respondents. Like longitudinal research, periodic surveys track change over time. However, the changes due to variation in the respondent pool are not controlled in the way it is true for longitudinal studies. A new sample of respondents is chosen, with each survey taken by the syndicate firm. Once analyzed, the data are made available to subscribers.
b. Panel surveys measure the same group of respondents over time but not necessarily on the same variables. A large pool of respondents is recruited to participate on the panel. From this pool, different subsamples of respondents may be drawn for different surveys. Any of the survey techniques may be used, including mail, telephone, or personal or electronic interviewing. The content and topic of the surveys vary and cover a wide range. Panel surveys are used primarily because of their lower cost compared to random sampling.
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Timothy Company sold merchandise to a customer on October 17 of 2004. They accepted a $4,800, 90-day, 10% note as payment. If Timothy Company's accounting period ends on December 31, 2004 [Oct 17 to Dec 31 = 75 days], Timothy Company's journal entry on January 15 ( when the note plus interest is received ) will include:
A) Credit to Interest Revenue for $120 B) Credit to Interest Revenue for $480 C) Credit to Interest Receivable for $20 D) Credit to Interest Receivable for $100 E) Debit to Cash for $5,280
Under the American rule, when an assignor assigns the same right to more than one person, the
first assignment in time prevails. Indicate whether the statement is true or false