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pashok25 [27]
3 years ago
7

The North American Industry Classification System data can be used to__________.A. identify opportunities for new product lines.

B. classify firms according to their number of customers.C. classify business establishments all over the world.D. identify potential new customers.
Business
1 answer:
shtirl [24]3 years ago
3 0

Answer:

The correct answer is letter "D": identify potential new customers.

Explanation:

The North American Industry Classification System (NAICS) is the result of a joint effort made from Mexico, the United States, and Canada to standardize the classification of businesses in each country according to their production processes. There was a need for such a classification after the North American Free Trade Agreement (NAFTA) was signed in 1994.

<em>The data collected by the NAICS are useful to have an estimate of the number, size, and geographic scope of the companies, forecast sales, and to identify market potential and new customers.</em>

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Payment is received from customers who were billed earlier for services provided for them. For this transaction, identify the ef
Nina [5.8K]

Answer:

b.There is no effect on the accounting equation as one asset account increases while another asset account decreases.

Explanation:

On billing the customer, sales account would have been credited and accounts receivables debited.

On payment by the customer, accounts receivables would be credited and cash account debited.

Hence there will be no increase/decrease in asset as cash and receivables would nil off.

As such, the right option is b.There is no effect on the accounting equation as one asset account increases while another asset account decreases.

4 0
3 years ago
You have heard the saying “time is money” If you owned a company, would this saying be important? do you agree? Or disagree and
bija089 [108]

Answer:yes I agree. It is my company and I don’t want to lose money!!

Explanation:

5 0
3 years ago
A company has a Deferred Tax Liability of $35,000. Now, the government has just changed the statutory tax rate from 35% to 30% e
Ivanshal [37]

Answer and Explanation:

The correct journal entry to record the impact of this tax rate change is shown Below:

Income Tax Expense $5,000

     To Deferred Tax Assets $5,000

(being the income tax expense is recorded)

here the income tax expense is debited as it increased the expense and credited the deferred tax assets

So, the same should be considered

7 0
3 years ago
Business process management applies only to commercial, profit-making organizations.
GalinKa [24]

<u><em>False</em></u>. Business process management applies to commercial, nonprofit, for-profit, and government entities.

Discovering, modeling, analyzing, measuring, improving, and optimizing business processes are all aspects of business process management. Businesses have processes in place to ensure that their strategies are effectively implemented throughout all levels of the organization. Structured and repeatable processes are one type, while unstructured and unpredictable ones are another.

Since the roles, regulations, strategies, and objectives of businesses and other entities it embraces are always evolving, business process management is an expansive field that is also inherently dynamic. Several optimization approaches, including as Six Sigma, lean management, and Agile, have found a home in  business process management over the years.

Some firms' business processes have grown too huge and complex to be handled without the help of automated tools, therefore vendors of business process management software have stepped in to facilitate widespread organizational transformation. Progress in artificial intelligence (AI) has in turn fueled the development of new Business process management tools that make it easier to find, create, measure, enhance, and automate processes. business process management, which has traditionally focused on back-end procedures, has expanded to also encompass the optimization of customer and employee interaction systems in response to the advent of digital business.

To know more about business process management refer here:

brainly.com/question/15698916

#SPJ4

4 0
1 year ago
Rover Corporation purchased a truck at the beginning of 2017 for $109,200. The truck is estimated to have a salvage value of $4,
jenyasd209 [6]

Answer:

Annual depreciation= $25,375

Explanation:

Giving the following information:

Purchase price= $109,200

Salvage value= $4,200

Useful life in miles= 120,000

<u>To calculate the depreciation expense, we need to use the units-of-activity method:</u>

<u></u>

Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles operated

<u>2018:</u>

Annual depreciation= [(109,200 - 4,200) / 120,000]*29,000

Annual depreciation= 0.875*29,000

Annual depreciation= $25,375

4 0
3 years ago
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