The aging approach estimates the percentage of accounts receivable that may not be collected. Using the aging approach, management estimates that $1,000 of Accounts Receivable will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. To record the estimated bad debts, the adjusting entry includes "the same amount as $1,000", hence option c is correct.
The Allowance for Doubtful Accounts is a contra asset account, which means it reduces the total amount of accounts receivable that a company expects to collect. When bad debts are estimated, the Allowance account is debited, and the amount is credited to an expense account like Bad Debts Expense.The Allowance account has a credit balance of $100 that requires an adjusting entry for the estimate of $1,000 of bad debts. The estimated bad debts amount is credited to the Allowance account, and the debit is made to Bad Debts Expense. As a result, the Allowance account's new credit balance is $1,100. The adjusting entry would include a credit of $1,000 to the Allowance for Doubtful Accounts and a debit of $1,000 to Bad Debts Expense.Therefore, the adjusting entry to record estimated bad debts is stated in Option c which is correct option.
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What best describes the relationship between short and long-term goals?
Mark Simpson earns $980 biweekly as a security guard for Albany Med. His group medical insurance costs $7,000 a year. The company pays 90% of the cost of medical insurance. How much is deducted from Marks biweekly paycheck for medical coverage
Answer:
$26.923
Explanation:
Biweekly payment means payments every 14 days or 2 weeks. One year has 52 weeks. Mark is paid 26 times per year
if the company pays 90% of $7000, then Mark pays 10% of $7000
Mark pays = 10/100 x $7000
=0.1 x $7000
=$700
The amount of $700 is spread over 26 weeks.
Each paycheck, Mark will be deducted
=$700/26
=$26.923 per check
give a short introduction of seasonal vegetable cultivation
Answer:
Seasonal vegetables are those vegetables that can not adjust all kind of temperatures. The seasonal vegetables are grown in the natural cycle of seasons when they are most suitable. For example, cauliflower only grows in winter season.
Answer:
Seasonal vegetables are those vegetables that can not adjust all kind of temperatures. The seasonal vegetables are grown in the natural cycle of seasons when they are most suitable. For example, cauliflower only grows in winter sea
son
Output per hour of work is the definition of:_______
a. the marginal product of labor
b. increasing returns to labor
c. labor productivity
d. diminishing returns to labor
When someone refers to the output per hour of work that is done, this is another way of talking about c. labor productivity.
What is labor productivity?
This refers to the amount of work that a worker is able to carry out within a period of time which is usually an hour. It can be calculated by dividing the units produced by the number of hours worked.
This therefore gives the output per hour of work. Labor productivity is best when it is high because it means that a company is producing more goods and services per hour.
The more goods and services produced, the more a company stand to make revenue when it sells these goods and services.
In conclusion, output per hour of work is called labor productivity.
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Production estimates for August are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3 lbs. Material B ($18 per lb.) 1/2 lb. The number of pounds of Materials A and B required for August production is a. 225,000 lbs. of A; 37,500 lbs. of B b. 234,000 lbs. of A; 39,000 lbs. of B c. 216,000 lbs. of A; 36,000 lbs. of B d. 216,000 lbs. of A; 72,000 lbs. of B
Answer: C) 216,000 lbs. of A; 36,000 lbs. of B
Explanation:
Given the following :
Estimated inventory (units), August 1, = 12,000 Desired inventory (units), August 31, = 9,000
Expected sales volume (units) = 75,000
Direct material requirement:
Material A ($5 per lb.) = 3 lbs
Material B ($18 per lb.) = 1/2 lbs
The number of pounds of material A and B required for August production :
Unit of product required for August production :
Expected sales volume + Ending inventory(August 31) - beginning inventory (August 1)
= 75000 + 9000 - 12000
84000 - 12000 = 72,000
Number of pounds required ;
Total Production unit × pounds per unit required
Material A:
72,000 × 3 = 216,000 pounds
Material B:
72,000 × (1/2) = 36,000 pounds
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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How do markets create incentives?
When demand or supply changes, market prices adjust, affecting incentives.
When the price of a good or service increases, buyers buy less of it and producers have the incentive to produce or sell more of it. In a market-based economy, prices act as incentives for buyers and sellers, sending signals to change their behavior.
If you can continuously increase your market share by attracting, there is an incentive to produce quality goods. The price sends a signal to the buyer. Low prices are an incentive for buyers to spend money now. Higher prices incentivize sellers to increase production to produce more goods.
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A list of the knowledge, skills, and other qualities a person must possess in
order to qualify for a job is called a
A. human resource plan
B. job description
C. résumé
O D. job specification
Answer:
Job description
Explanation:
Just did it
A list of the knowledge, skills, and other qualities a person must possess in order to qualify for a job is called a job description. The correct option is B.
What are good job descriptions?A clear and attractive job description is a sign of a good one. Make your ads easy to read because job seekers may search for open positions on their phones. Lists with bullets are simpler to read than paragraphs with a narrative structure. Additionally, well-structured sections aid in separating responsibilities from prerequisites and necessary from desirable skills.
The tasks, duties, functions, and responsibilities of a position are described in a job description, which is a helpful document written in simple language. It specifies who is responsible for carrying out a particular type of work, how it is to be done, how frequently it is to be carried out, and how it relates to the mission and objectives of the organization.
Thus, the ideal selection is option B.
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To become effective managers of diverse organizations, managers first have to identify and overcome a number of challenges, including ___ (Select all that apply.)
a. communication problems
b. a low level cohesiveness
c. unexamined assumptions
d. hiring freezes
e. stereotyping
To become effective managers of diverse organizations, managers first have to identify and overcome a number of challenges, including communication problems, unexamined assumptions, and stereotyping. So, the correct options are a, c, and e.
To become an effective manager of diverse organizations, a manager must first identify and overcome a number of challenges. They include the following:
Communication problemsUnexamined assumptionsStereotypingThe obstacles that are faced by managers when it comes to dealing with a diverse workforce are different from the obstacles that are faced when working with a homogenous group of people. The manager must have the skills and ability to identify and overcome these obstacles.
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02:55:5
Candace saved her query for her time cards. After running the query once, she found two more pay slips and
added them to the original data table. Which best describes what will happen?
She will be prompted with an error message saying she cannot modify queries multiple times.
The data will not show up in the new query and will need to be resaved.
She will need to design a new query that includes her new numbers.
When the query is run again, the data that meets the new criteria will be retrieved.
When Candace will need to design a new query that includes her new numbers to get the desired result. Hence, Option D is the correct statement.
What do you mean by query in SQL?A request for facts or statistics from a database desk or a mixture of tables. These facts can be generated as outcomes again via way of means of Structured Query Language (SQL) or as pictorials, graphs or complicated outcomes, for example, fashion analyses from facts-mining tools. This is called as query.
Hence, Option D is the correct statement.
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You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help
Answer:
$13.33
Explanation:
The average cost of purchase for each stock throughout the year will be $13.33 per share.
What is the average cost?Average cost refers to total cost incurred divided by the total quantity purchased for such product. Using the given information, the average cost per share can be calculated as,
Total Cost will be $1200, as $300 worth of shares were purchased in each quarter. And the total quantity accumulated throughout this period was 90 shares.
So, the average cost per share will be,
\(\rm Average\ Cost\ = \dfrac{Total\ Cost}{Total\ Quantity}\\\\\rm Average\ Cost\ = \dfrac{1200}{90\\}\\\rm Average\ Cost\ =\$13.33\)
Hence, the average cost per share will be $13.33 for shares purchased throughout the year.
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According to the Work Value Scales (WVS), what are the two basic work dimensions that are consistent across cultures? Check all that apply 0 Job content Work content Job context interdependent Work context Independent In organizations, jobs are
According to the Work Value Scales (WVS), the two basic work dimensions that are consistent across cultures are job content and work context. Independent and interdependent are not included in the WVS as basic work dimensions. In organizations, jobs are defined by both job content (the tasks and responsibilities involved) and work context (the environment and culture in which the job is performed). Options a and d are correct.
These dimensions are believed to influence individuals' motivation and satisfaction in their work. Job content refers to the nature of the work itself, such as the tasks, responsibilities, and skills required for the job. Work context refers to the social and physical environment in which the work is performed, such as the relationships with coworkers, the level of autonomy, and the physical conditions of the workplace.
The other options given in the question are not considered the basic work dimensions according to the Work Value Scales. However, it's important to note that job interdependence and independence can also affect work outcomes and are commonly studied in organizational behavior research.
Options a and d are correct.
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what is one of the advantages of monetary policy over fiscal policy?
One of the advantages of monetary policy over fiscal policy is its flexibility. Monetary policy can be implemented quickly and with a greater degree of precision than fiscal policy.
Central banks can adjust interest rates or engage in open market operations to influence the money supply and stimulate economic activity. This allows for a more targeted response to economic conditions, such as inflation or recession. In contrast, fiscal policy, which involves government spending and taxation, often requires legislative approval and can take longer to implement. Additionally, fiscal policy may be subject to political constraints and may not be as effective in stimulating economic activity during times of economic downturn. Overall, monetary policy offers a more nimble and precise tool for managing the economy.
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Business firms and other organizations rely on information systems to carry out and manage their operations. In view of this, you are required to respond to the following questions as they are related to information systems in business today. a) What is the difference between information system and information technology? [10 Marks] b) Explain why information systems are so essential for running and managing businesses in Ghana today. [10 Marks] c) What are complementary assets? Why are complementary assets essential for ensuring that information systems provide genuine value for an organization in Ghana? [10 Marks] QUESTION 4 Business process modeling notation is a flow chart method that models the steps of a planned business process from end to end. It visually depicts a detailed sequence of business activities and information flows needed to complete a process. Answer the following questions as they pertain to business process and modelling: a) What are business processes? How are they related to information systems? [10 Marks] [5 Marks] b) Explain how existing business process is evaluated and improved? c) Explain, with examples, Silo effect and Workflow in business process and function? [5 Marks] d) Identify and describe how each of the business process model notations, in Table 1, is used in process modeling. Be practical as possible. Table 1: BPMN 2 Notations O+ i) iii) iv) v) vi) [10 Marks] Examiners: Dr. Awuni Emmanuel, Dr. Owusu Acheampong Dr. Abeeku Sam Edu & Mr. Divine Q. Agozie Page 4 of 4 ii)
Business firms and other organizations rely on information systems to carry out and manage their operations. Answers are given below
a) Difference between Information System and Information Technology. The Information Technology (IT) department is concerned with the implementation, maintenance, and use of computer software and hardware. Information Systems (IS) involve using IT, people, processes, and information to manage and operate a business efficiently. IS creates value for the business by transforming raw data into meaningful and useful information that is accessible to decision-makers. b) Importance of Information Systems for Businesses in Ghana Today Information systems are critical to businesses in Ghana since they assist in the automation of business processes, making them more efficient, accurate, and effective. Business process automation increases productivity, reduces operational expenses, and enhances customer service, resulting in increased competitiveness and profitability for Ghanaian businesses. c) Complementary Assets and their Significance for Information Systems in Ghana Complementary assets are resources that a company uses in conjunction with its information system to achieve competitive advantage. Employees who are competent in using IT systems, supportive organizational culture, effective business processes, and relevant regulatory standards are examples of complementary assets. Complementary assets are critical in ensuring that an organization's information system delivers real value by improving operational efficiency, enabling innovation, and enabling decision-making. d) Business Process Modeling Notation Business processes are a series of actions taken by a company to achieve a particular objective, such as generating a product or providing a service. Information systems are used to automate business processes, increasing their efficiency and effectiveness. To enhance business processes, existing business processes must be evaluated and improved. The Silo effect is when a company's departments operate in silos, with little communication or cooperation. This may lead to a lack of cooperation and coordination. Workflows are processes that define how work is done. Workflows can be automated using information systems to enhance efficiency. The different notations in Table 1 for Business Process Modeling are: i) Events are incidents that occur and are significant in the process. ii) Gateway decisions are made in the process, and it is necessary to choose a path. iii) Tasks are specific responsibilities that must be completed to achieve a particular objective. iv) Sequence Flow depicts the order of activities. v) Association depicts relationships between activities.vi) Swim lanes depicts the various categories of processes involved in the business process.
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Implicit costs are:A) regarded as costs by accountants but not by economistsB) payments that a firm makes to other firms or individuals who supply resources to itC) nonexpenditure costsD) costs that proportionately with output
Implicit costs are:
option C). non expenditure costs.
How Do Implicit Costs Work?
Any cost that has already occurred but isn't necessarily displayed or reported as a distinct item is known as an implicit cost. It stands for an opportunity cost that develops when a business devotes internal resources to a task without receiving any direct payment for the usage of such resources. This implies that there is never a financial transaction when a corporation allocates its resources since it always forfeits the chance to profit from the usage of those resources elsewhere. Simply put, there is an implicit cost associated with using an object as opposed to renting or purchasing it.
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Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.Cash inflows and outflows relating to plant assets, natural resources, and intangibles are reported in which section of the statement of cash flows?.
Answer:
Investing Activities
Explanation:
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By repealing the corn laws and substantially moving toward free trade, ______________ retained its position as the world trade power during the 1800s.
By repealing the corn laws and substantially moving toward free trade, in Britain retained its position as the world trade power during the 1800s.
What did repealing the corn laws do ?
The repeal of the corn laws benefited the bottom 90% of income earners in the United Kingdom economically, while causing income losses for the top 10% of income earners.
What was the corn law? Why was it imposed?
Corn laws were the laws that restricted the import of corn in Britain.The laws allowing the government to do this were commonly known as the corn laws.Unhappy with high food prices, industrialists and Urban dwellers forces the abolition of the corn laws.Learn more about corn laws here:
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Jed owns corporate stock with a tax basis of $5,000 and a fair market value of $47,000. If Jed contributes the stock to a charitable organization, he can take an itemized deduction of $
If Jed contributes the stock to a charitable organization, he can take an itemized deduction of $5,000.
What is Itemized deduction?Itemized deduction can be defined as the money a tax payer can claim on their tax return so as to reduce their taxable income.
The tax basis of the amount of $5,000 is the amount that Jed can take as an itemized deduction.
Therefore Jed can take an itemized deduction of $5,000.
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Have a good day!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :)
Answer:
hey you too!
Explanation:
love the positivity
thank you!! hope you do too :)
here's a easy career question
The answer is A) adjunct
Hope this helps :)
PILLAY MANUFACTURERS (PM) mutual agreement for work performed at night after 18:00 and before 6:00 the following day. Pillay manufacturers specialises in the manufacturing of fruit juice. Employees at PM have a normal rate. PM provided all black employees with learnerships and learning programmes. Black females are given opportunities to be included in shareholding in the business. Newly appointed employees were given access to the employment contract and were also inducted on different aspects. The induction programme included the following aspects: The tour of the premises, introduction to key people and immediate colleagues and a discussion of employee benefits. The business strives to set a code for ethical and effective leadership by the board of directors, by ensuring that all King Code principles are applied in all dealings. Employees have demonstrated some unprofessional business practices by taking extended lunch breaks to do their shopping. 1.1.1 PM needs to identify problems that affect their operations to make informed decisions. Brainstorming and force field analysis have been applied to enable them to solve complex business problems. Name TWO provisions of BCEA from the scenario above
Considering the scenario above, the two provisions of the BCEA would be:
The mutual agreement for night work after 6 pm and 6 am.The induction program that includes discussing employee benefits.What is the BCEA?Corresponds to an acronym for Basic Conditions of Employment Act, which is a South African labor law, which aims to provide decent standards and rights for local workers. Some of its principles are related to:
Working hoursOvertimeAnnual leaveLicensesTermination of the employment contractTherefore, BCEA is essential for labor regulation in South Africa, establishing rules on wages, child labor and other workers' rights.
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compute the future value in year 7 of a $4,000 deposit in year 1, and another $3,500 deposit at the end of year 4 using a 8 percent interest rate
The future value in year 7 of a $4,000 deposit in year 1, and another $3,500 deposit at the end of year 4 using a 8 percent interest rate is $6,521.91.
How to calculate future valueTo compute the future value in year 7 of a $4,000 deposit in year 1 and a $3,500 deposit at the end of year 4 using a 8 percent interest rate, we can use the following formula:
FV = P1 x (1 + i)n + P2 x (1 + i)n-3
Where:
FV = Future value in year 7
P1 = Initial deposit in year 1 of $4,000
i = 8 percent interest rate
n = 7 years
P2 = Second deposit of $3,500 at the end of year 4
Plugging the numbers into the formula:
FV = $4,000 x (1 + 0.08)7 + $3,500 x (1 + 0.08)4
FV = $4,000 x 1.630721 + $3,500 x 1.340141
FV = $6,521.91
Therefore, the future value in year 7 of a $4,000 deposit in year 1, and another $3,500 deposit at the end of year 4 using a 8 percent interest rate is $6,521.91.
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Write about the three motivational theorists. (Herzberg, Maslow and Taylor)
There are three influential theorists who have made significant contributions to the understanding of motivation in the workplace: Frederick Herzberg, Abraham Maslow, and Frederick Taylor.
Frederick Herzberg was a renowned psychologist and management theorist known for his contributions to the understanding of employee motivation. He developed the two-factor theory, also known as the motivation-hygiene theory or dual-factor theory. According to Herzberg, there are two sets of factors-- hygiene factors and motivators that influence employee satisfaction and motivation.
Abraham Maslow was a prominent psychologist who proposed the hierarchy of needs theory. Maslow's theory suggests that individuals have a hierarchy of needs that must be fulfilled in a specific order to achieve motivation and self-actualization.
Frederick Taylor, often referred to as the father of scientific management, focused on improving productivity and efficiency in the workplace. His theories emphasized the scientific study of work processes and the implementation of standardization and specialization.
Overall, these three motivational theorists—Herzberg, Maslow, and Taylor contributed valuable insights into understanding what drives individuals in the workplace, whether through job enrichment, the fulfillment of hierarchical needs, or the optimization of productivity and efficiency.
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Mario had $18,000 of student loans discharged in the current year. After the discharge, Mario had $8,000 in assets and no remaining liabilities. How much of Mario's student loan debt forgiven must be included in gross income
Mario's gross income for the current year must account for the $10,000 in student loan debt forgiveness.
The inclusion of forgiven student loan debt in gross income may be subject to exceptions or exclusions under specific conditions or programs, therefore it's vital to be aware that tax laws and regulations can differ.
With rare exclusions, student loan debt forgiveness or cancellation is often regarded as taxable income. In this instance, Mario had $18,000 in discharged student loans, $8,000 in assets, and no unpaid debt. The amount of forgiven student loan debt that must be included in Mario's gross income is $18,000 - $8,000 = $10,000
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Why is it important to write a zero-based budget every month?
Answer:
It is important to write a zero-based budget every month because the zero-based budget ensures that every dollar you make is assigned a specific purpose.
Explanation:
Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has
Answer: stayed the same
Explanation:
The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.
If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:
$42,000/157.5 = 266.67
$40,000/150 = 266.67
Since we both got thesame answers, Sawyer's real income is thesame.
a narrative should describe the disposition of every document and record in the system. group of answer choices true false
False. a narrative does not necessarily need to describe the disposition of every document and document inside the system.
A narrative is a written or oral description of an event, state of affairs, or process, and can vary in scope and stage of detail relying on its reason and target audience.
Within the context of records management, a narrative can be used to describe the data control machine, along with its regulations, methods, and practices, in addition to the kinds of facts and their retention schedules.
Even as it is able to be useful to include records approximately disposition of statistics in a story, it is not a demand. instead, disposition facts may be blanketed in a separate information retention time table or coverage file.
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Destiny earned $1600.00 last month. She put $200 in savings. Is Destiny following the 70-20-10 Rule?