How Can the Use of Existing Data and Statistics Help

question 13

Essay

How can the use of existing data and statistics help researchers? What are the benefits of using them? If they are used, what are potential shortcomings and caveats that need to be acknowledged in the research?

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Definitions:

Net-of-Tax Basis

A method of presenting financial figures after the effect of taxes has been considered or deducted.

Depreciable Equipment

Tangible assets, such as machinery or hardware, acquired for use in operations, which lose value over time due to usage, wear and tear, or obsolescence and can be depreciated.

Prior-Period Adjustment

Corrections of errors made in previously published financial statements, not considered ordinary adjustments.

Net Income

The net income a company earns following the subtraction of all expenses and taxes from its total revenue.