Answer: All businesses should produce their financial statements using the accrual method of accounting.
Explanation: How can I make a balance sheet in QuickBooks to view my accounts receivable?
Choose Reports (Take me there) from Business overview, or go directly to Reports (Take me there). Find and access the Balance Sheet report using the search box. Choose Customize. Select the proper Report period.
What does QuickBooks' accounts receivable look like?
Go to the Customer menu and then choose Customer List in QuickBooks Desktop Point of Sale. Select the client, then pick Edit.
Which report in QuickBooks displays accounts receivable?
Summary of accounts receivable aging
To show the total amount owed and how far past due they are, run an A/R Aging summary report. Visit a business
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Sasha wants to generate a balance sheet to see accounts receivable, QuickBooks report basis that would be most useful is : 'current assets' section on the balance sheet.
What is a balance sheet ?In financial accounting, balance sheet is a summary of financial balances of an organization, whether it is a sole proprietorship, business partnership, corporation, private limited company or any other organization such as government or not-for-profit entity.
Accounts receivable are classified as an asset as they provide value to your company. Account receivable is recorded as debit in the assets section of a balance sheet. QuickBooks organizes the accounting data so that you easily run up-to-date balance sheet reports whenever you need them.
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taking an entry-level position makes it difficult to advance in a career you want to explore. true or false?
False. taking an entry-level position makes it difficult to advance in a career you want to explore.
What is an entry-level position?Jobs classified as entry level often call for little in the way of education, experience, or training. There are entry-level positions accessible in every sector. Some of these might demand advanced academic training, while others might call for specific abilities, information, or methods.
In a sense, an entry-level position serves as the company's beginning point. Because it involves less competence, it often pays less than a higher-level position. However, it can offer priceless training and job experience that will enable you to succeed in your industry in the future.
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A manager is using the organization’s erp software to generate a report that links its human resources data to its overall financial performance. What is one type of hr data that the erp accounting module could factor into this report?.
The employees payroll and benefits is one of the type of hr data that the erp accounting module could factor into this report.
What is meant by human resources data ?A data-driven method of managing employees at work is called HR analytics. HR analytics, sometimes referred to as people analytics, workforce analytics, or talent analytics, focuses on using data to analyze people issues in order to provide important organizational insights. This makes it possible to make smarter, data-driven decisions.
It can be used to gauge employee performance, welfare, and inclusion and diversity for both internal and external stakeholders. Find out more about workforce planning. It makes it possible to make more sensible, fact-based judgments about enhancing employee wellbeing and organizational performance.
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which report summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time?
The balance sheet is a report that summarizes the overall financial worth of an organization, such as assets and liabilities, at a specific point in time.
What are liabilities?⇒ The definition of a liability is the future forfeitures of economic benefits that an entity is required to make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, the provision of services, or another future yielding of economic benefits.
Financial accounting liabilities might be based on equitable obligations or constructive obligations rather than having to be legally enforceable. A duty based on moral or ethical principles is referred to as an equitable obligation. Contrary to an obligation that is founded on a contract, a constructive duty is one that is suggested by a particular combination of circumstances.
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Assume that the skills required of a sales clerk at a retail store are similar to those required of workers at a fast-food restaurant. If workers are completely indifferent between fast-food jobs and retail-sales jobs, in what way would the wages of sales clerks change, if at all?.
The ways that the way would the wages of sales clerks change, if at all is option B: It will rise as the supply of food service workers will rise.
What transpires when supply and demand both rise?A basic point of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply. When demand is constant, there is said to be an inverse relationship between supply and prices of products and services.
Note that When demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will be one that will depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are said to be willing to supply each unit at a lower price.
From the image, wages increase is as a result of increase in numbers of workers. Hence option C is correct as it is in a state of equilibrium.
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for love or money? factors associated with the choice between couple-based versus individual financial coaching
Factors associated with the choice between couple-based versus individual financial coaching is gender, age, and satisfaction with one's relationship.
What is financial coaching?
A financial coach is someone who is qualified (and trusted) to examine your finances and find ways for you to manage your money more effectively. Instead of making decisions for you, they'll put more of an emphasis on educating you about money management so you can feel more confident about achieving your financial objectives.
The majority of participants said they preferred couples' financial counselling over one-on-one advice. The likelihood of choosing couples therapy was largely influenced by factors like gender, age, and relationship satisfaction.
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when an organization bypasses the intermediaries and goes directly to the end users with their message, this approach is referred to as a(n
When an organization bypasses the intermediaries and goes directly to the end users with their message, this approach is referred to as a Pull Strategy.
What is a Pull Strategy?
The goal of the pull marketing strategy is to increase the number of consumers who want to purchase a specific good. To encourage stores to stock a product, it frequently involves persuading a buyer to actively seek it out.
This tactic normally works best when there is enough lead time for customers to compare options. This enables individuals to buy anything without feeling compelled to act quickly. Additionally, it means that businesses must persuade customers to purchase the promoted goods.
Customers will benefit since they won't have to accept whatever product is available elsewhere just because it is there.
A business can advertise a product via pull marketing before it is offered for sale. By producing fewer units before the product is released, companies are able to save money. When pull marketing is applied, the supply of a product will, in the best case scenario, be insufficient to meet demand.
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accounts used to accumulate information until it is transferred to the owner’s capital account.
true
false
True, Accounts used to accumulate information until it is transferred to the owner's capital account are called temporary accounts.
What exactly does "capital account" mean?
In accounting, the individual ownership rights of a company's owners are recorded in a capital account. The following elements make up the capital account, which is shown on the balance sheet: capital investments made by owners either at the time of the company's founding or later on, as needed by the enterprise.
Describe capital account with an example.
For instance, Susan would be the sole owner of the flower shop if she opened one, invested her own cash in it, and requested a bank loan to pay for rent. As a result, Susan, Capital Account would appear on the flower shop's balance sheet.
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In the capgemini iot industry 4. 0 case, what dimension focuses on the way that smart products are equipped with computing power that enables autonomous decision-making and self-learning processes based on algorithms?.
In the Capgemini iot industry 4. 0 case, CPPS dimension focuses on the way that smart products are equipped with computing power.
Write a short note on CPPS.Cyber-Physical Production Systems (CPPS) or the Smart Factory results from the integration of Cyber-Physical Systems (CPS) with production systems, depending on the application. Products, production resources, and processes are all individually characterized by the unique characteristics of CPS in such an environment.
The computer power of smart products enables autonomous decision-making and self-learning processes based on predetermined algorithms. Cyber-physical production systems (CPPS) connect the physical production system to the digital world, opening up entirely new possibilities for the factory of the future. The ability to clearly and practically communicate these benefits and concepts to professionals as well as students has so far proven to be challenging.
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because china has abundant low-wage workers, it can efficiently produce -intensive goods. multiple choice question. capital land labor technologically
China's comparative advantage in manufacturing, particularly in labor-intensive goods, is the cause of this shock. A nation's ability to produce a good or service at a lower cost than its trading partners is called comparative advantage.
In comparison to its supply of capital and natural resources, China has an abundance of labor.
Is it necessary to transfer technology to China?The Chinese government enforces FTT in a number of ways, one of which is requiring foreign businesses that wish to conduct business in China to form joint ventures with local businesses, with whom they must share their proprietary, sensitive technology.
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southwest airlines is known for which risk management strategy? part standardization hedging postponement near-sourcing supplier segmentation
Southwest airlines is known for hedging management strategy.
What is hedging?
A hedge is a position in the market used to counteract any gains or losses that might be experienced by a companion investment. Stocks, exchange-traded funds, insurance, forward contracts, swaps, options, bets, other over-the-counter and derivative products, futures contracts, and other financial instruments can all be used to create a hedge.
In order to facilitate transparent, standardized, and effective hedging of agricultural commodity prices, public futures markets were created in the 19th century. Since then, they have grown to include futures contracts for hedging the values of energy, precious metals, foreign exchange, and interest rate fluctuations. The concept of hedging involves taking a stake in one market to balance and offset the risk taken by holding a position in a different, opposing market or investment.
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the impression you project as a person engaged in a beauty and wellness profession that consists of your outward apperance and conduct exhiubited in the workplace is know as
The impression you convey as a person working in the beauty and wellness industry is known as your professional image, which includes your behaviour and external appearance in the workplace.
What is a professional image?A person's behaviour at work and in other professional contexts is referred to as their "professional image." Additionally, it pertains to their attitude at work and how others view them.People frequently strive for a professional appearance that meets the standards of their particular workplace or sector since doing so might help them sway judgement and create vital business contacts. Additionally, it can facilitate more efficient communication between individuals. Your conversational style and the words you use in conversations both contribute to your professional image. This refers to the words and tone you use while talking about yourself, other people, and your work.To learn more about professional image refer :
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a retailer sells widgets for $15.00 after marking up 50% on wholesaler selling price. the wholesaler had sold the widgets to the retailer at a markup of 20% on the retailer's purchase price. in this instance, what is the manufacturer selling price?
In this instance, $8.00 is the manufacturer's selling price.
Whoseller selling price = Retailer sales price/ (1 + markup) = $15 / (1 + 0.50) = $10. Manufacturer selling price = Whoseller selling price - Whoseller selling price x 20% = $10 - $10 x 20%. Retailers who purchase goods in bulk from manufacturers pay a price known as wholesale. The goal of wholesale pricing is to turn a profit by offering products at a price over what it costs to produce them.
Retail price = Wholesale Price (1 - Markup%), where the markup percentage is the ideal percent of the wholesale price you add onto the costs to, and the wholesale price is the cost of the product from the manufacturer or supplier. This formula can be used to determine the markup percentage from wholesale to retail for any product.
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true or false? under securities and exchange commission rules interal controls over financial reporting
True. Under Securities and Exchange Commission (SEC) rules, internal controls over financial reporting (ICFR) are processes that provide reasonable assurance that an organization's financial reports are reliable.
Explain the Internal control over financial reporting?Internal control over financial reporting (ICFR or ICOFR) is a set of rules and processes that a firm uses to analyse the risk associated with its financial statements and to give reasonable confidence that those financial statements are accurate.The controls known as ICFR were created expressly to mitigate risks associated with financial reporting. The controls created to offer a reasonable level of assurance that the business's financial statements are accurate and produced in compliance with GAAP make up an ICFR for a public corporation.The rules and processes a company adopts to ensure the orderly and efficient operation of its business, including adherence to its policies, asset protection, the prevention and detection of frauds and mistakes, and the accuracy of its financial reporting, are known as internal financial controls.Learn more about Securities and Exchange Commission refer to :
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if the last dollar spent on capital generated $1.05 in return while the last dollar spent on labor generated $0.99 in return, then in the long-run the firm should
Then in the long-run the firm should reduce its spending on labor and increase its spending on capital.
Explain in detail.
Long-term, a company can alter all of its inputs because they are all changeable in nature. The final dollar invested in each input yields an equal return at the equilibrium level of output. The company will logically decrease spending on that latter input and raise spending on its former input if one element generates a higher return on investment than the other.
Equilibrium is defined as MPK / MPL = r/w.
Here, MPK and MPL stand for return on capital and labor, respectively, where r=w=1 dollar.
MPK = MPL hence at equilibrium
The company should "lower its spending on labor in the long run" if the last dollar spent on capital produced $1.05 in return whereas the last dollar spent on labor produced $0.99 in return.
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suppose that the firm aggie alfalfa has a hay field that they are willing to sell today. the net annual returns to the hay ield are expected to be $35,000 per year for the next 15 years. at the end of 15 years, it is expected that the land will sell for $25,000. calculate the market value of the orchard if the market rate of return on comparable investments is 14%.
If the market rate of return on comparable investments is 14%, the orchard's market worth is $3500.
What does "market value" mean?Market value, sometimes referred to as OMV or "open market valuation," is the cost that an asset would command on the open market or the estimation that the financial community makes of a specific equity or company.
Market value is the price at which a piece of property would sell in the open market, taking into account reasonable costs like brokers' fees. The price that a buyer is willing to pay on the open market.
Given,
25000 * 14%
=3500
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ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.
ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.
What are investing activities.?Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.
To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.
The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.
The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.
Therefore, the cash flow from investing activities was Rs 44,000.
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you have a portfolio that is invested 13 percent in stock a, 52 percent in stock b, and 35 percent in stock c. the betas of the stocks are .82, 1.37, and 1.66, respectively. what is the beta of the portfolio?
The sensitivity of a whole portfolio to market changes
Beta is a measure of a security's or portfolio's volatility (or systematic risk) in comparison to the market as a whole. Because a portfolio is made up of several stock holdings, the algorithms used to determine beta for each will change.
The beta of a portfolio is calculated by multiplying the weight of each asset by its beta.
So the portfolio's beta is: P = 0.13(0.82) + 0.52(1.37) +.25(1.22) + 0.35 (1.66) βP = 1.705
Beta portfolio calculation technique:Beta may be computed by first dividing the standard deviation of returns for the security by the standard deviation of returns for the benchmark. The resultant number is multiplied by the correlation between the returns of the security and the returns of the benchmark.
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The Italian word for a case designed to hold loose papers is where the word "portfolio" originally came from. The portfolio's beta is: 1.705.
What is meant by portfolio?A portfolio is a collection of written work from school and the workplace that serves as evidence of your values, abilities, and background. Your personality and work ethics are revealed.
Consider a portfolio as a mental construct rather than a tangible container. The word "portfolio" is derived from the Italian word for a case intended to hold loose papers. It serves as an abstract term to describe collections of investment assets.
You can keep a personal record of your achievements or growth in a variety of areas with the help of portfolios. For the advancement of your own career, they are crucial and pertinent. A collection of pertinent work samples and papers that you gathered throughout your academic career and organized into a personal portfolio.
The weight of each asset multiplied by the beta of each asset results in the beta of a portfolio. Consequently, the portfolio's beta is:
βP = 0.13(0.82) + 0.52(1.37) + .25(1.22) + 0.35(1.66)
βP = 1.705
Therefore, the portfolio's beta is: 1.705.
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if kevin and cj deal with conflict by aggressively challenging one another, what style of conflict management are they using?
If Kevin and CJ approach conflict by aggressively criticising one another, they are utilising the competition conflict management technique.
What, for instance, does conflict mean?An ongoing argument between those who hold different ideas or opinions: He and his father frequently argued with one another. It was a controversial policy that led to numerous disputes inside the party. His strong opinions regularly caused him to disagree with the president.
What exactly is the idea of conflict?Conflict is an action that occurs between rational, but not always conscious, beings. We do not refer to a collision between two celestial bodies as a dispute. The desires, requirements, or liabilities of the contracting concerned are used to define a conflict.
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which country has been devastated by the spilling of 9 million barrels of oil into its river system due to the poor environmental record of transnational oil corporations operating within its borders?
Nigeria has been devastated by the spilling of 9 million barrels of oil into its river system due to the poor environmental record of transnational oil corporations operating within its borders
Conflict in the Niger DeltaThe present Niger Delta conflict developed in the early 1990s as a result of conflicts between international oil firms and a number of the Niger Delta's minority ethnic groups, mainly the Ogoni and the Ijaw, who believe they are being exploited. Despite the restoration to democracy and the election of the Obasanjo administration in 1999, ethnic and political turmoil persisted throughout the 1990s. Struggle for oil revenue has spurred conflict between ethnic groups, forcing the militarization of practically the whole region by ethnic militia groups, Nigerian military and police units, particularly the Nigerian Mobile Police. The violence has contributed to Nigeria's ongoing energy supply issue by preventing foreign investment in new power production units in the region.
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Making a good first impression is one of the most important components of an effective presentation.
a, true
b. false
Your audience's attention can be drawn in and held throughout your presentation if you make a strong initial impression. Yes, it does improve your standing as a speaker.
Presentation? Why do you bring that up?
Through a presentation, a speaker educates an audience. The typical goals of a presentation are to inform, persuade, inspire, motivate, encourage goodwill, or recommend a novel product or service. Speeches, introductions, seminars, and displays are all examples of presentations.
What makes presentations crucial?
When making interesting and entertaining slides to accompany their talks, students using presentation skills might come up with original ideas. The development of presentation tools can help students feel more confident and can make talks much more interesting.
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all else held constant, what would happen to the equilibrium price of the product if the price of a complement in consumption increased?
If the price of a complement increases, the demand for the good would decline.
What is a complement good?Complement goods are goods that are consumed together or used together in the production process. For example, bread and jam are complement goods because they are consumed together.
If the price of a complement good increases, the quantity demanded of the complement good declines and the demand for the good would decline.
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When a U.S. company makes a $200,000 donation to the International Red Cross to help the victims of an earthquake in India, the transaction is recorded in the
A.current account.
B.international help account.
C.official settlements account.
D.oneminus−way donations account.
E.capital account
When a U.S. company makes a $200,000 donation to the International Red Cross to help the victims of an earthquake in India, the transaction is recorded in the current account. Therefore, option (A) is the correct answer for this question.
A current account, often called a financial account, is a kind of deposit account kept by those who conduct a lot more transactions with banks frequently. It is developed by the bank at the applicant's request and made accessible often or instantly.
Current accounts offer a wide range of tailored alternatives to help with financial transactions and are related to liquid deposits. Additionally, current accounts enable the use of the bank's check feature to pay creditors. In contrast to savings accounts, current accounts typically don't pay interest and have higher minimum balance requirements.
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The cost of paying the person used to provide the service along with any needed equipment is known as the _______ cost
The cost of paying the person used to provide the service along with any needed equipment is known as the production cost.
What is production cost?
Production costs refer to all direct and indirect costs that a business incurs in producing a product or providing a service. Production costs include various costs such as: . Labor, raw materials, consumables for production, and general overhead.
Material costs vary greatly depending on many factors, including demand, availability, restrictions, transportation, storage, and economic location. Material prices affect production costs.
Why is production cost important?Production costs are an important factor that companies must consider when assessing their financial health. If the cost of producing a product is consistently higher than the profit, the company may stop production to meet budget.
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easy 50 points a friend says that when two people form a general partnership, it is just like two sole proprietors working together to run the same business. do you agree or disagree? explain.
make it shorter and pls don't use a copy and pasted answer.
Answer:
Agree simply because a general partnership, and a sole proprietor, can relate in many ways.
Explanation:
It's simple work smart not hard.
Question 6(Multiple Choice Worth 4 points)
(02.08 LC)
Which type of professional would help the government determine where to set the price of oranges for U.S. markets?
O Consumers
O Economists
O Exporters
Importers
Answer:
Explanation:
Economists
harold owns an apple orchard in the state of washington. milo has permission to come onto the property and take apples to sell. this right is known as a(n) .
This right is known as a profit. A profit is the right to enter someone else's property and remove a portion of it or a product from it.
What is the right of profit?In the law of real property, a profit (short for profit-à-prendre in Middle French for "advantage or benefit for the taking") is a nonpossessory interest in land similar to the more well-known easement that grants the holder the right to take natural resources such as petroleum, minerals, timber, and wild game.
Which condition must be met in order to obtain a patent?It must be legal to use the invention (subject matter eligible) It must be a brand-new invention. There must be a use for the invention. It must not be a commonplace invention.
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which organization, representing 90 percent of the world economy, aims to bring greater stability to the global financial system?
The G-20 organization, which represents 90% of the global economy, seeks to increase the stability of the international financial system.
What do you mean by G-20?⇒ The Group of Twenty, or G20, is an intergovernmental organization made up of the European Union and 19 other nations (EU). It strives to address important global economic concerns like international financial stability, reducing greenhouse gas emissions, and sustainable development. The majority of the world's top economies, both industrialized and developing countries, make up the G20, which represents two-thirds of the world's population, 60% of its land area, and about 80% of global trade.
In 1999, the G20 was established in response to various global economic problems.
Since 2008, it has met at least once year, with summits attended by the heads of state or government of each member, as well as the foreign and finance ministers and other top officials,
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a. span of control b. area of responsibility c. management depth d. hierarchy of authority e. span of direction
The span of management is the number of employees who directly report to a boss or leader (or span of management).
What is management's primary definition?The arrangement and coordination of actions to accomplish a goal is management. Establishing the creative mission and organizing staff efforts to achieve these goals while utilizing the resources at hand are example of these administrative functions.
What exactly do we mean by management?Write about management. Based on the concept of management, an individual or group of individuals must be questioned and managed in order to attain desired goals and objectives. Organizing, supervising, and directing people is another aspect of management.
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Assume the same facts as in part (b), except that the porters sell their home for $700,000. How much gain will the porters recognize on the home sale?
The porters sell their home for $700,000. The porters recognize on the home sale will be under $700,000.
In the porters sell is followed with a model that identifies and analyzes five competitiveness forces that shape every industry and helps determine an industry's weaknesses and strengths.
The sell means to sell or to exchange some commodity for money in which porters sell their home for $700,000. On the other hand, sale is basically refers to the act of the exchanging a commodity for money or action of selling something.
The porter will gain on the home sale under $700,000 because sell is directly sell but sale include two variables which are discounts and exchanges.
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why would a business choose to implement a business intelligence (bi) software system that their employees are already familiar with?
A business would choose to implement a business intelligence (BI) software system that their employees are already familiar with user familiarity will make the implementation easier and as seamless as possible.
What is a business intelligence BI system?Business intelligence systems combine data collection, data storage, knowledge management, and data analysis with data evaluation and transformation to assess and transform complex data into meaningful, actionable information.
However, for the four fundamental components of business intelligence, the data or the raw data, the data access, analytics, data access, and presentation. Three main components make up the business intelligence infrastructure, the reporting structure, set of extraction operations, and embedded analytics are all integrated right out of the box with the application.
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