2nd step is the correct answer:(
10,000-15,000 american dollars
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:
Whether amounts on the balance sheet meet the definitions of assets and liabilities
Explanation:
The asset/liability approach emphasizes whether amounts on the balance sheet meet the definitions of assets and liabilities. It is a process of managing the use of assets and cash flows to reduce the firm's risk of loss from not paying a liability on time. Well-managed assets and liabilities increase business profits. A contract generates assets and liabilities, and the goal is to depict them in the statement of financial position.
