The answer is true because activity is important and shouldn't be discouraged.
The answer is C) 5 years
Most companies start as small start-ups with little in funding. In the early years of a business, the founders would be most involved in only 2 things, either selling or manufacturing/development.
The early years of a business is linked to survival and growth. It is natural for the founders to not be able to focus on operational excellence.
However, as the company starts to make a profit, the founders are able to work on developing new processes to streamline everything and make it more manageable.
It can take up to 5 years before a company can reach organizational excellence.
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Answer:
Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.
Answer:
The answer is aging of accounts receivable method.
Explanation:
This method helps accountants in determining how much of a company’s account receivables would not be collected. This is related to unpaid invoices of a company’s customers. Though invoices usually have due dates, according to the company, customers who haven’t paid even after the due date has passed must be calculated using this method for more accurate accounting reporting.
Omar is setting up his company in QuickBooks and selects the accrual basis of accounting. income is recorded when sales are made; expenses are recorded when incurred while his business record income and expenses.
Accrual accounting is a method of accounting in which revenue or expense is recognized when a transaction occurs, rather than when payment is made. This method follows the matching principle that income and expenses should be recorded in the same period.
Basic knowledge of debits and credits and what goes on behind the scenes. To use a QuickBooks backup file, you must restore it first. All commands accessible from the home page can also be found in the menu bar.
Learn more about QuickBooks at
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