In a case whereby A firm is forecasting the sales of carpets based on the number of building permits issued in their county, the technique they were using is Associative model.
<h3>What is
Associative model?</h3>
The associative model of data can be described as the data model that is been used for the database systems.
It should be noted that These models involve encompassing attributes with respect to thing, , hence In a case whereby A firm is forecasting the sales of carpets based on the number of building permits issued in their county, the technique they were using is Associative model.
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Answer:
Yes, it is true that for the built-in loss limitation to apply, the property must have been acquired by the corporation as part of a plan whose principal purpose was to recognize a loss on the property by the liquidating corporation. That is why A net built in loss has to be determined first.
Explanation:
Limitation is equal to the value of the stock of the loss borne by corporation immediately before the ownership changes.
The basis limitation rule only applies when there is a net built-in loss.
Built-in losses are the excess of the adjusted basis for U.S. federal income tax of any Contributed Property over its Agreed Value as of the time of contribution treated as deductions or losses in the year recognized.
A net built-in loss occurs when the aggregate adjusted basis of the property exceeds its fair market value.
Sales is NOT one of the five basic functions of an accounting department
<h3>What is accounting department?</h3>
The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company. It is part of the corporate overhead group of an organization.
An accounting department provides accounting services and manages the finances of a company.
There are five basic roles or functions within the accounting department:
Therefore, sales is not one of the basic functions of an accounting department.
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The "Invisible Hand" is a phrase that is used to describe the unsocial benefits resulting from individual's actions. It was coined by Adam Smith. It also describes the function and operation of free markets within the economy. The idea is that people, as individuals, and their own self interest, end up doing what is best for the society. They are being guided by an "invisible hand."
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<span>When asked which of two countries has a larger population, participants are likely to judge the country that is more familiar to them as being more populous, thus this best explains that this finding is the availability of the heuristic.</span>
