To prepare John's income statement for the year ending December 31, 2018, and his balance sheet as of December 31, 2018, several adjustments and calculations need to be made.
1. The closing inventory of $52,350 needs to be included in the cost of goods sold calculation on the income statement.
2. Depreciation on equipment should be calculated at a rate of 25% on the reducing balance basis.
3. Depreciation on motor vehicles should be calculated at a rate of 20% on the straight-line basis.
4. The trade-in of the old motor vehicle for a new one needs to be recorded, with the cost of the new motor vehicle being $63,000 and the trade-in value of the old motor vehicle being $25,500.
5. Accrued wages of $4,500 at the end of 2018 need to be recognized as an expense on the income statement.
6. Insurance paid in August 2018 needs to be adjusted for the period it covers until July 31, 2019.
7. Unrecoverable receivables of $2,100 should be written off as an expense on the income statement.
8. The allowance for receivables should be increased by $2,400.
By making these adjustments and calculations, the income statement and balance sheet can be prepared to reflect the financial position and performance of John's business for the year ending December 31, 2018.
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Anyone know how to work powerpoint?
What term is commonly used to describe applications that help organizations plan campaigns that send the right messages to the right people through the right channels, and personalize individual messages for each particular customer?.
Term is commonly used to describe applications that help organizations plan campaigns that send the right messages to the right people through the right channels, and personalize individual messages for each particular customer CRM software.
CRM software program refers back to the software program, applications, and generation that assist individual companies collect, organize, and examine their customers' facts for the reason of handling client relationships.
CRM stands for “Customer Relationship Management” and is a software program machine that facilitates commercial enterprise proprietors effortlessly music all communications and nurture relationships with their leads and clients. A CRM replaces the multitude of spreadsheets, databases and apps that many agencies patch collectively to music customer facts.
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Match the requirements for application to the type of school.
1. requires high school transcripts or GED application
graduate school
2. requires high school transcripts as well as the SAT or ACT, which demonstrate the ability to succeed
career or technical program
3. requires college transcripts that demonstrate a bachelor’s degree was earned; may require the GRE or another specific exam that demonstrates the ability to succeed in a specific program
Things to match to: graduate school, career or technical program, and university
Answer:
1. graduate school
2. career or technical program
3. university
Explanation:
I'm assuming after thoroughly reading your long descriptions.
Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences
Visit the Web site for a different well-known company, and find the section that lists the company's values.
I looked through the Microsoft.com company website.
Innovation, diversity and inclusion, CSR, AI, reliable computing, respect, integrity, and accountability are among the core principles highlighted.
Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.
This is not surprising to me because the corporation makes this point in its advertising and other materials.
What are their core values about?Among the mentioned core values are;
Technology can and should be a force for good, and we believe that significant innovation can and will make the world a better place in both large and little ways.
Diversity and inclusiveness are important to our success. To enlighten, challenge, and push our thinking, we draw on the strengths, experiences, and many points of view of our customers and staff.
AI - Our belief is that AI can enhance your talents, free you up to engage in more creative and strategic activities, and assist you or your organization in achieving more when it is created with humans at the heart.
They acknowledge full accountability for all choices, deeds, and outcomes. Therefore, Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.
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Which of the following is NOT true about emergency funds?
a,They can keep you from borrowing money from friends and family.
b,They help remove the worry about expenses not in the budget.
c,They are used for anything listed on the budget.
d,They help you prepare for unexpected expenses.
Answer:
The answer is "They are used for anything listed on the budget."
The option that is NOT true about emergency funds is: c. They are used for anything listed on the budget.
What is emergency funds?Emergency funds are usually not used for things that are planned and included in the budget. Instead, emergency funds are money saved specifically for unexpected expenses that you didn't plan for in your usual budget.
The reason for having an emergency fund is to have money saved for unexpected things that might happen, like when someone gets hurt and needs to go to the hospital or when a car or home needs fixing. It can also help if someone loses their job or if something else happens that they didn't expect.
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todd tends to be calm, secure, imaginative, and independent. on the big five traits, he likely scores on neuroticism and on openness. please choose the correct answer from the following choices, and then select the submit answer button. answer choices low; high high; low high; high low; low
The acronyms OCEAN or CANOE, which stand for openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism, are frequently used to describe the five variables.
Which of the five major personality qualities affects daily performance the most?According to Essentials of Organizational Behavior: 14th Edition, conscientiousness is one of the big five personality traits that has the biggest influence on how well an employee performs at work. People who score higher on this characteristic are likely to have higher levels of job-related knowledge since highly conscientious individuals study more.
The Big 5 qualities stand for what?Many contemporary personality psychologists believe that the "Big 5" personality traits represent the five fundamental aspects of personality. These five primary personality traits are extraversion, agreeableness, conscientiousness, openness to experience, and conscientiousness.
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Which of the following statements explains the difference between a lease and a loan?
a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
C. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not
Answer:
A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
Explanation:
The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.
What is the difference between a lease and a loan?A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.
Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.
Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.
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In general, how would you describe the U.S. Economy to someone else?
The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
Choose the option that best matches the description given.
Providing assistance to people in need through programs is known as ___
services. a mental health b rehab c human
Answer:
Human services
Explanation:
a ceo recently led her company through a period of significant growth and profitability. her structure change, new strategy, and other decisions caused the company to grow beyond expectations. as a result of her efforts, the ceo and her company won several awards and received press in magazines such as forbes, inc., and chief executive. but recently her decisions have been poor, which may have to do with lack of analysis and attention to the details of projects put before her. when her team suggests alternatives, she pushes back. what most likely happened to the ceo?
Based on the information provided, it seems that the CEO may have become overconfident in her abilities and success, leading her to neglect the details and analysis needed for successful decision-making.
How the effects of being overconfident?This could have resulted in poor decisions and resistance to alternatives suggested by her team. It is possible that the CEO is experiencing a decline in performance or burnout, or she may need to re-evaluate her approach to decision-making and collaboration with her team.
It is important for leaders to continue to seek feedback and adapt to changing circumstances in order to maintain success over time.
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Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
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Do you think Ruby should change the payment method she uses for her employees? Justify your answer.
Give me the real answers or you will not be able to get brainlist
Answer:
Yes ✌️✌️✌️✌️✌️
Explain the role of public relations in developing and maintaining a corporate image.
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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A college professor with advanced degrees, moderate salary, and little power to shape national events can be described as having:
Answer:
Low status consistency
Explanation:
A college professor with advanced degrees, moderate salary, and little power to shape national events can be described as having low status consistency.
Expenses that need to be paid before a new business can open are called
O operating expenses
O start-up costs
O ending Inventory
Po beginning inventory
Answer:
O start-up costs
Explanation:
Start-up costs are the expenses incurred in setting up a business. They include registration fee, legal fee, office rent, inventory, cost of hiring workers, office furniture expenses, and related logistics costs. Start-up costs are also called start-up capital.
Start-up costs are incurred by the business owner. In most cases, start-up costs come from the owner's savings but could also be borrowed funds.
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 8%. b. An initial $800 compounded for 10 years at 16%. c. The present value of $800 due in 10 years at 8%. 5 d. The present value of $1,875 due in 10 years at 16% and 8%. Present value at 16%:$ Present value at 8%: 5 e. Define present value. 1. The present value is the value today of a sum of money to be recelved in the future and in general is less than the future value. ii. The present value is the value today of a sum of money to be recelved in the future and in general is greater than the future value. III. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value. IV. The present value is the value in the future of a sum of money to be received today and in general is less than the future value. V. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value. How are present values affected by interest rates?
(a) The future value of $800 compounded for 10 years at 8% is approximately $1,727.14.
(b) The future value of $800 compounded for 10 years at 16% is approximately $3,455.35.
(c) The present value of $800 due in 10 years at an 8% interest rate is $369.49.
(d) The present value of $1,875 due in 10 years is $402.03 when discounted at a 16% interest rate and $868.94 when discounted at an 8% interest rate.
(e) The present value represents the current worth of a future cash flow and is generally lower than the future value due to the time value of money. Therefore, the correct answer is option (iii).
(f) Interest rates have a significant impact on present values. They determine the discount rate used to calculate the present value, and any changes in interest rates will directly affect the present value of future cash flows.
(a) To find the future value (FV) of an initial $800 compounded for 10 years at 8%, we can use the formula:
FV = PV * (1 + r)^n
Where:
PV = Present Value = $800
r = Interest Rate = 8% = 0.08
n = Number of periods = 10 years
Now,
Plugging in the values into the formula, we get:
FV = $800 * (1 + 0.08)^10
FV = $800 * 2.158925
= $1,727.14
Therefore, the future value of $800 compounded for 10 years at 8% is approximately $1,727.14.
(b) To find the future value of an initial $800 compounded for 10 years at 16%, we can use the formula:
FV = PV * (1 + r)^n
Where:
PV = Present Value (initial amount) = $800
r = Interest rate per period = 16%
n = Number of periods = 10 years
Now,
Plugging these values into the formula:
FV = $800 * (1 + 0.16)^10
FV = $800 * 4.31918
FV ≈ $3,455.35
Therefore, the future value of an initial $800 compounded for 10 years at 16% is approximately $3,455.35.
(c) To find the present value (PV) of $800 due in 10 years at 8%, we use the formula for present value:
PV = FV / (1 + r)^n
Where,
PV is the present value,
FV is the future value = $800
r is the interest rate = 8% (or 0.08)
n is the number of periods = 10 years
Now,
Plugging in the values, we get:
PV = $800 / (1 + 0.08)^10
PV = $800 / 2.158925
= $369.4925
Therefore, the present value of $800 due in 10 years at an 8% interest rate is $369.49.
(d) To find the present value of $1,875 due in 10 years at 16% and 8%, we can use the present value formula:
PV = FV / (1 + r)^n
Now,
For 16% interest rate:
PV at 16% = $1,875 / (1 + 0.16)^10
PV at 16% = $1,875 / 4.66096
PV at 16% = $402.03
And,
For 8% interest rate:
PV at 8% = $1,875 / (1 + 0.08)^10
PV at 8% = $1,875 / 2.15892
PV at 8% = $868.94
Therefore, the present value of $1,875 due in 10 years is $402.03 when discounted at a 16% interest rate and $868.94 when discounted at an 8% interest rate.
(e) Present value is a financial concept used to determine the worth of a future sum of money in today's terms. It recognizes that the value of money diminishes over time due to factors such as inflation and the opportunity cost of using the money elsewhere.
By calculating the present value, we can determine the amount of money that would need to be invested today to equal the future sum.
The rationale behind the present value concept is that a dollar received in the future is not worth the same as a dollar received today. This is because the future dollar can be invested and earn a return. By discounting the future cash flow, we adjust it to its equivalent value in today's dollars.
In summary, the present value represents the current worth of a future cash flow and is generally lower than the future value due to the time value of money.
(f) Present values are inversely affected by interest rates. As interest rates increase, the present value of a future cash flow decreases, and as interest rates decrease, the present value increases. This relationship is based on the time value of money concept, which states that a dollar received in the future is worth less than a dollar received today.
When interest rates are higher, the opportunity cost of investing or lending money increases. As a result, the present value of future cash flows decreases because the discounted value of those cash flows decreases. This is because the higher interest rates make it more desirable to have money in the present rather than in the future.
Conversely, when interest rates are lower, the opportunity cost of investing or lending money decreases. The present value of future cash flows increases because the discounted value of those cash flows increases. This is because the lower interest rates make it less desirable to have money in the present compared to having it in the future.
Therefore, interest rates have a significant impact on present values. They determine the discount rate used to calculate the present value, and any changes in interest rates will directly affect the present value of future cash flows.
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what is turgidity
..............
Answer:
Turgidity is the state of being swollen or turgid,
best answer: brainliest
write an essay or a story about receipt (150words) and invoice (150words) seperately
Answer:
Receipt:
As I walked out of the grocery store, I couldn't help but smile as I looked at the little piece of paper in my hand. It was a simple receipt, listing the items that I had purchased and the total amount I had paid. But to me, it represented so much more than that.
The receipt was proof that I had successfully completed my weekly shopping trip. It was a record of the money that I had spent and the food that I had purchased to feed my family. It was a reminder of the things that I had accomplished that day, and a symbol of the abundance and abundance that I had in my life.
But most of all, the receipt was a symbol of trust. It was a sign that the grocery store had trusted me to pay for my purchases, and that I had trusted them to provide me with the food that I needed. It was a small but important part of the cycle of trust and mutual support that exists between businesses and consumers.
Invoice:
As I sat at my desk, staring at the computer screen, I couldn't help but feel a sense of satisfaction. I had just finished creating an invoice for a client, and it was a work of art. It was clear, concise, and professional, and I knew that it would be well-received.
The invoice was a document that outlined the services that I had provided to my client, along with the associated costs. It was a record of the value that I had delivered, and a reminder of the hard work and dedication that had gone into the project.
But most of all, the invoice was a tool for communication. It was a way for me to let my client know exactly what they owed me for my services, and to ensure that we were both on the same page about the terms of our agreement. It was a crucial part of the business relationship, and I knew that it would be instrumental in maintaining trust and mutual respect between myself and my client.
question content areaaccounting depreciation refers to the physical deterioration or loss of value of an asset. true false
Depreciation does not necessarily depend on the physical condition of an asset, making the statement false.
Depreciation is the process of allocating the cost of a long-term or non-current asset over its useful life.
Depreciation is a non-cash expense that decreases the carrying value of a fixed asset on the balance sheet. It recognizes the declining usefulness of an asset and reduces the asset's book value over time to reflect its actual value accurately.The factors that determine the depreciation of an asset include the useful life of the asset, the initial cost of the asset, the estimated salvage value, and the depreciation method used.
It is worth noting that depreciation is an accounting estimate of an asset's decrease in value over time and is not a reflection of its physical deterioration.The use of the term "physical deterioration" to describe depreciation is misleading. The term refers to the reduction in an asset's value due to wear and tear, damage, or other physical factors.
The correct answer is False.
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What is the solution to this equation x+15=28
Answer:
13
Explanation:
Trust me
which of the following behavior patterns may be a characteristic of minors
Answer:
Self conscious about appearance
Explanation:
A minor is a usually adopted as term used to make distinction between an adult who can take up legal responsibilities and a child who legally below the specified age of the majority or adulthood. Distinction between minors and adulthood is usually based on the age of the individual. Person below the age of 18 in most countries are considered as minor. They possess certain characteristics which may include excessive consciousness about looks and trying to avoid eyes contact as much as possible.
Artical can be found in the Barriers and Drivers of Enviromental Sustainability
The article discusses the barriers and drivers of environmental sustainability.Environmental sustainability is a pressing global issue that requires extensive efforts to ensure a cleaner and greener environment. There are numerous barriers and drivers of environmental sustainability that must be considered in addressing this issue. Barriers refer to any factors that impede progress towards environmental sustainability. These can include lack of funding, lack of awareness, lack of education, political will, and resistance to change. Addressing these barriers requires collaboration between stakeholders and the development of strategies to overcome these hurdles. Drivers refer to any factors that promote and facilitate progress towards environmental sustainability. These can include technological advancements, environmental policies and regulations, consumer demand, and sustainable business practices. These drivers must be harnessed to promote and facilitate sustainable practices, while also creating incentives for businesses and individuals to adopt sustainable practices.
In conclusion, the article discusses the barriers and drivers of environmental sustainability. Barriers and drivers must be carefully considered to develop effective strategies that promote environmental sustainability and overcome the obstacles that impede progress towards this goal.
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1. The formula for continuously compounded interest is A = Pe^rt, where A is the amount of money in the account, P is the initial investment, r is the interest rate, and t is the time in years. Using the formula, determine, to the nearest dollar, the amount in the account after 8 years if $750 is invested at an annual rate of 3%
Answer:
the amount in the account after 8 years is $954
Explanation:
The computation of the amount in the account after 8 years is shown below"
Given that
The formula for continuously compound interest is
Amount = Principal e^(rate) (time period)
= $750 × e^(0.03)(8)
= $954
Hence, the amount in the account after 8 years is $954
The same is to be considered by applying the above formula
what can firms do in terms of a high-level emergency preparedness plan to protect their information from human-made and natural disasters?
Firms can take several steps to protect their information from human-made and natural disasters in a high-level emergency preparedness plan.
Firstly, they should conduct a risk assessment to identify potential threats and vulnerabilities to their information assets. Based on this assessment, they can develop a business continuity plan that outlines procedures for responding to emergencies, such as power outages, floods, fires, and cyber-attacks.
To ensure the continuity of their operations, firms should also establish backup and recovery procedures for critical data and applications. This includes backing up data regularly, testing backup systems, and storing backups in secure off-site locations.
Furthermore, firms should train employees on emergency response procedures and security awareness to minimize the impact of any disaster. They should also have an incident response team in place that can quickly and efficiently respond to emergencies.
Overall, having a high-level emergency preparedness plan is essential for firms to protect their information assets from human-made and natural disasters. It helps to ensure the continuity of their operations, minimize downtime, and prevent loss of critical data.
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Education required for an animator
Answer: A bachelor's degree in an art related field
Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.
F/T software design is the process of transforming the stated problem into a ready-to-use implementation.
The statement given "software design is the process of transforming the stated problem into a ready-to-use implementation." is true because software design is indeed the process of transforming the stated problem into a ready-to-use implementation.
During the software design phase, the problem or requirement is analyzed, and a solution is devised that addresses the problem and meets the needs of the users. This involves creating a design that outlines the structure, behavior, and components of the software system. The design serves as a blueprint for developers to implement the software, ensuring that it is developed in a way that effectively solves the stated problem and delivers a usable and functional product.
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True or False: A required implementation specification must be put into place as written in the Rule.
A required implementation specification must be put into place as written in the Rule. This is true as only addressable specification may have alternate implementation.
What is an implementation specification?An implementation specification is a more detailed description of the method covered entities can use to meet the requirements of a particular standard. This is typically related to the HIPAA security rule.
It should be noted that the first step toward Security Rule compliance requires the assignment of security responsibility — a Security Officer. Here, the Security Officer can be an individual or an external organization that leads Security Rule efforts and is responsible for ongoing security management.
Here, the required implementation specification must be put into place as written in the Rule. This is true as only addressable specification may have alternate implementation.
Based on the above information, it can be deduced that the correct option will be true.
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which of the following are ways to identify cycles? a. observation b. detrending c. centered moving average d. all of the above
(D) All of the above – observation, detrending, and centered moving average – can be employed to identify cycles in data.
Identifying cycles is essential in various fields such as economics, finance, and data analysis. Fortunately, there are several methods available to detect and analyze cycles. The first method, observation, involves visually examining data patterns and looking for recurring patterns or oscillations. By observing the data over time, analysts can identify cyclical patterns and trends.
Detrending is another method used to identify cycles. It involves removing the long-term trend or underlying growth component from the data. This process helps isolate the cyclical component, making it easier to detect and analyze.
The third method, centered moving average, is a smoothing technique commonly used to identify cycles. It involves calculating the average of a specific number of data points, including the current point and an equal number of points on either side. The resulting moving average highlights the cyclicality of the data by smoothing out short-term fluctuations and emphasizing longer-term patterns.
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A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.
Complete the statements based on the information.
The individuals in the study are
.
The variable in the study is
.
Answer:
The individuals in the study are people who visit the breakfast bufftet.
The variable in the study is the number of times a peraon visits the buffet in six months.
The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:
The individuals in the study are people who visit the breakfast buffet.
The variable in the study is the number of times a person visits the buffet in six months.
What is information?
Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.
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