1. The "Pakyawan" system allows individuals to access credit without relying on formal financial institutions. 2. The "Hulog-Piso" method provides convenience to customers by allowing them to pay for their purchases in small increments. 3. The "Paluwagan" system promotes disciplined savings and provides an opportunity for members to access a larger sum of money at regular intervals. 4. The "Tubos" practice allows lenders to earn income from lending money, compensating for the risk and opportunity cost involved.
Here are the 5 Filipino Traditional Practices in relation to Credit and Collection:
1. "Pakyawan" System
In the "Pakyawan" system, a group of individuals or a community collectively pool their resources to lend money to a borrower. Each member contributes a fixed amount, and the borrower receives the total pooled amount. The borrower then repays the loan with interest over an agreed-upon period. The interest earned is distributed proportionally among the members.
Example: Let's say there are 10 members, each contributing ₱1,000. The pooled amount would be ₱10,000. If the borrower agrees to repay the loan with 10% interest over 6 months, the total repayment would be ₱11,000 (₱10,000 principal + ₱1,000 interest). Each member would receive ₱100 as their share of the interest.
2. "Hulog-Piso" Method
The "Hulog-Piso" method involves regular installment payments made on a daily basis. This practice is commonly used by micro-entrepreneurs to collect payment for their goods or services. Customers make daily payments in small denominations (usually ₱1) until the total amount owed is settled.
Example: Let's say a customer purchases goods worth ₱100. Instead of paying the entire amount upfront, they opt for the "Hulog-Piso" method. They would then make daily payments of ₱1 until the ₱100 debt is fully paid.
3. "Paluwagan" System
The "Paluwagan" system is a savings and credit arrangement among a group of individuals. Each member contributes a fixed amount regularly, and the total pooled amount is given to one member on a rotating basis. The rotation continues until each member has received the pooled amount once.
Example: Let's consider a "Paluwagan" group with 5 members, each contributing ₱1,000 monthly. The pooled amount each month would be ₱5,000. The first month, Member A receives the ₱5,000. The following month, Member B receives it, and so on until all members have received the pooled amount.
4. "Tubos" Practice
The "Tubos" practice involves charging interest on a principal amount borrowed. It is typically used in informal lending arrangements where interest rates are negotiable. The interest charged may vary depending on the agreement between the lender and the borrower.
Example: If a borrower receives a loan of ₱10,000 with a 10% interest rate per month, the interest charged for one month would be ₱1,000 (₱10,000 x 10%). The total repayment at the end of the month would be ₱11,000 (₱10,000 principal + ₱1,000 interest).
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PRO and CONS Airbnb?
Pros and Cons of staying in an Airbnb
Pros:
Larger than staying in a hotel
Less crowded
Less expensive
Cons:
The host is less trustworthy than workers at hotels for various reasons
Could be cameras in places like bathrooms or rooms to watch you
You probably will have to eat out
PLS HELPPPP FASTTTT!!!!!! Kevin has a utility function U=W^1/2, where W is his wealth in millions of dollars and U is the utility he obtains from that wealth. In the final stage of a game show, the host offers Kevin a choice between (A) $9 million for sure, or (B) a gamble that pays $1 million with probability 0.4 and $16 million with probability 0.6.
Use the blue curve (circle points) to graph Kevin's utility function at wealth levels of $0, $1 million, $4 million, $9 million, and $16 million.
1. True or False: Kevin is risk averse.
2. Choice (A/B) offers Kevin a higher expected prize. (Hint: The expected value of a random variable is the weighted average of the possible outcomes, where the probabilities are the weights.)
3. Choice (A/B) offers Kevin a higher expected utility.
4. Kevin should pick choice (A/B) .
neeeeed heeellllpppp!!!!!!!!!!!
Answer:
I'd say b
Explanation:
it's a fire hazard symbol. none of the other answers would make sense
if a country's largest city has 1,000,000 inhabitants and the second largest city has 200,000 inhabitants, the country follows what distribution?
If a country's largest city has 1,000,000 inhabitants and the second largest city has 200,000 inhabitants, the country follows a highly skewed distribution.
Skewness refers to the extent to which a dataset is asymmetrical. In this case, the distribution is highly skewed because the difference between the largest city and the second-largest city is enormous.
A distribution is said to be skewed if one tail is longer than the other. When the tail is longer on the positive side, the distribution is said to be positively skewed. Conversely, when the tail is longer on the negative side, the distribution is said to be negatively skewed. In this case, the distribution is positively skewed because the tail is longer on the right-hand side.
Skewed distributions are common in real-world datasets, and they are especially common when the dataset contains extreme values or outliers. In this case, the largest city is an extreme value that is significantly larger than the other values in the dataset. The second largest city is still large, but it is relatively small compared to the largest city.
In conclusion, if a country's largest city has 1,000,000 inhabitants and the second largest city has 200,000 inhabitants, the country follows a highly skewed distribution, which is positively skewed.
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The country follows a highly skewed distribution known as a "Pareto distribution," where a small number of cities hold the majority of the population.
Pareto distributions are characterized by a heavy tail, which means that a few observations have very high values compared to the rest. In this case, the largest city has five times the population of the second-largest city, which is a significant difference. Pareto distributions are commonly observed in many social and economic phenomena, such as income and wealth distribution, city populations, and even the popularity of websites.
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The ability of one country to produce a good or service more efficiently than another is called a(n) _____.
Answer:
absolute advantage
Explanation:
the answer is absolute advantage know the explanation for it .
F is considered as an _____________ factorand q is considered an ___________ factorGroup of answer choicesinternal, externalinternal; internalexternal; internalnone of the choicesexternal; exte
Internal factors are those which are within the control of a company and can be changed by the organization. These factors include strategies, organizational structure, leadership and culture, employee productivity, and marketing and sales initiatives.
External factors are anything outside of the company's control and can include the economy, competition, technology, political environment, and social and demographic changes. These factors can have an impact on the success of the organization, but the organization cannot directly control them.
For example, an organization may be able to control its internal factors, such as its marketing and sales initiatives, but it cannot control external factors such as the economy or competition.
The organization may be able to make changes to its pricing, product offerings, and marketing strategies in response to changes in the external environment, but it cannot control the overall economic conditions or the actions of its competitors. Therefore, internal factors are the primary determinant of a company's success or failure, while external factors are often secondary.
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4. what volume of sales is required to reach breakeven for the following business: the variable cost of producing one unit of the product is $5, the fixed costs of plant and labor are $500,000, and the selling price of a single product is $50. it is not always easy to classify a cost as fixed or variable. what happens to the breakeven calculated above if some of the fixed costs are reclassified as variable costs? what happens if the reverse is the case (i.e., some of the variable costs are reclassified as fixed costs)?
Reclassifying costs can have a significant impact on the breakeven point and the financial performance of the business. It's essential to carefully analyze the cost structure and consider the potential effects before making any changes to cost classifications.
To calculate the breakeven point for the given business, we need to determine the sales volume at which the total revenue equals the total costs. In this case, we have the following information:
Variable cost per unit (VC) = $5
Fixed costs (FC) = $500,000
Selling price per unit (P) = $50
To calculate the breakeven point, we can use the formula:
Breakeven Point (in units) = Fixed Costs / (Selling Price per unit - Variable Cost per unit)
Substituting the given values:
Breakeven Point = $500,000 / ($50 - $5) = $500,000 / $45 = 11,111.11 (approx.)
Therefore, the business would need to sell approximately 11,111 units to reach the breakeven point.
Now, let's consider the impact of reclassifying costs:
If some fixed costs are reclassified as variable costs:
If some of the fixed costs are reclassified as variable costs, it means that these costs will vary based on the level of production or sales. This would increase the variable cost per unit (VC) in the breakeven formula. As a result, the breakeven point would increase. The business would need to sell a higher volume of units to cover both the remaining fixed costs and the reclassified variable costs.
If some variable costs are reclassified as fixed costs:
If some of the variable costs are reclassified as fixed costs, it means that these costs will remain constant regardless of the level of production or sales. This would decrease the variable cost per unit (VC) in the breakeven formula. As a result, the breakeven point would decrease. The business would need to sell a lower volume of units to cover the remaining variable costs and the reclassified fixed costs.
Reclassifying costs can have a significant impact on the breakeven point and the financial performance of the business. It's essential to carefully analyze the cost structure and consider the potential effects before making any changes to cost classifications.
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I WILL GIVE BRAINLIEST! HELP ME PLEASE FOR BRAINLIEST!
In both your personal and professional life, you have to maintain contact information. From your mom’s phone number to the email address for your doctor’s office, these important bits of information have to be kept and maintained in a way that makes them easy to access. What is the best method for maintaining contact information? How do you currently maintain contact information for your contacts? Could you use a better method?
NO LINKS!
Answer:
i dont think they deleted it
Explanation:
When working in the gig economy, what statement is true regarding your payroll taxes?
a. You do not have to pay any payroll taxes
b. You can postpone paying your payroll taxes for up to a year
c. You only have to pay half of your payroll taxes for Social Security but not for Medicare
d. You must pay your entire payroll tax to cover Social Security and Medicaid
Answer:
c. You only have to pay half of your payroll taxes for Social Security but not for Medicare
Explanation:
This is true due to the fact that, payroll taxes is exempted from medicare as a result of the individual medicare subscription of the employees. On the other hand, there is need for them to pay social security taxes towards the provision of the social amenities to the citizens.
11. What are assets?
Answer:
I believe it's the last option.
Explanation:
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.
help of this question please
The aim of the World Bank is to promote world economic growth through financial stability .Option C. This is further explained below.
What is World Bank?Generally, The World Bank is an international institution for the promotion of economic growth that is owned by 187 different nations. It is the responsibility of this organization to alleviate poverty across the world by providing financial assistance, in the form of loans, to the governments of those its member states who are economically weaker so that those states may raise the quality of life of their populations.
In conclusion, The goal of the World Bank is to provide the financial stability necessary for the expansion of the global economy. alternative C
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mcglone corporation had a 1/1/25 balance in the allowance for doubtful accounts of $40,000. during 2025, the company wrote off $28,000 of accounts and collected $8,400 on accounts previously written off. the balance in accounts receivable was $800,000 at 1/1 and $960,000 at 12/31. at 12/31/25, mcglone estimates that 5% of accounts receivable will prove to be uncollectible. what should mcglone report as its allowance for doubtful accounts at 12/31/25?
Mcglone should report its allowance for doubtful accounts at 12/31/25 as the sum of the adjusted balance and the estimated uncollectible amount is $68,400.
How to calculate the amount as allowance for doubtful accountsTo answer your question, let's go through the terms and calculate the allowance for doubtful accounts for Mcglone Corporation at 12/31/25.
1. Beginning balance in allowance for doubtful accounts (1/1/25): $40,000
2. Accounts written off during 2025: -$28,000
3. Collected on accounts previously written off: +$8,400
4. Accounts Receivable balance at 12/31/25: $960,000
5. Estimated uncollectible percentage: 5%
First, let's adjust the allowance for doubtful accounts based on the accounts written off and collections:
$40,000 - $28,000 + $8,400 = $20,400
Next, we'll calculate the estimated uncollectible amount at the end of the year:
$960,000 * 5% = $48,000
Finally, Mcglone should report its allowance for doubtful accounts at 12/31/25 as the sum of the adjusted balance and the estimated uncollectible amount:
$20,400 + $48,000 = $68,400
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Read the statements below. If the statement describes an appropriate use of e-mail select A. If the statement describes an inappropriate use of e-mail, select I.
A—Appropriate
I—Inappropriate
__ Courtney sent her expense report to her supervisor in an attachment.
__ George forwarded a chain letter asking for support for a local charity.
__ Fin sent a brief message to his friend about tonight's plans.
__ Sheila denied receiving an e-mail asking her to write a report.
__ Tori scheduled a meeting with her co-worker.
Answer:
I and A
Explanation:
Courtney sent her expense report to her supervisor in an attachment -- A,George forwarded a chain letter asking for support for a local charity. -- I.Fin sent a brief message to his friend about tonight's plans. -- I.Sheila denied receiving an e-mail asking her to write a report. -- I.Tori scheduled a meeting with her co-worker. -- ACameron brought a set of 7 classic paperbacks to a secondhand store to sell. he was paid cash for the entire set. before he left, cameron used $4 of his earnings to purchase a used book light. he had $6.50 remaining. what was the value of each paperback in the set?
Answer: The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5
What is an equation?
An equation is an expression that shows the relationship between two or more numbers and variables.
Let x represent the value of each paperback in the set. Hence:
7x - 4 = 6.50
x = $1.5
The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5
When estimating your budget or spending plan at retirement, you should consider all of the following except
there are no factors that should be excluded when estimating your retirement budget or spending plan you should consider all of the following factors
All factors that could have an impact on your finances should be taken into account to ensure that you have a realistic and sustainable budget in retirement When estimating your budget or spending plan at retirement, it is important to consider all relevant factors that could impact your finances. Some factors to consider may include your expected retirement age, your life expectancy, your current savings and investments, your expected Social Security benefits, your health care needs, and your expected living expenses.
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a company will debit ___________ when recording a credit sale.
A company will debit accounts receivable when recording a credit trade.
The balance of plutocrat owed to a business for goods or services delivered or utilized but not yet paid for by guests is known as accounts delinquent( AR). On the balance distance, accounts receivable are shown as a current asset. Any sum of plutocrat that guests owe for purchases they made using credit is known as AR.
The term" accounts receivable" describes the overdue bills or cash that guests owe a business. The term describes accounts that a company is entitled to get since it has handed a good or service.
Receivables, also known as accounts delinquent, are a company's line of credit that generally include terms that call for payments to be made within a kindly short time frame. Generally, it begins with a many days.
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
The last step of a cost analysis is to examine the P&L statement or expense reports.
The last step in the accounting cycle is to make remaining entries by finalizing expenses, revenues and brief accounts on the quit of the accounting period. This includes closing out temporary bills, along with expenses and sales, and moving the net earnings to permanent bills like retained profits.
Income and loss (P&L) declaration refers to a financial statement that summarizes the sales, fees, and fees incurred at some stage in a specified length, usually a quarter or fiscal year. these records offer records about a company’s capacity or inability to generate profit by increasing sales, lowering expenses, or each. P&L statements are often presented on a cash or accrual foundation. company managers and traders use P&L statements to analyze the economic health of a company. A profit and loss (P&L) statement summarizes the revenues, fees and fees incurred all through a selected time frame. A P&L statement offers information about whether or not a company can generate profit by increasing revenue, decreasing expenses, or each. The final step within the accounting cycle is to make closing entries with the aid of finalizing costs, sales and brief bills at the stop of the accounting length. This includes remaining out brief money owed, such as fees and revenue, and moving the net earnings to everlasting debts like retained earnings.
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a social media company has a process where employees can choose to make changes to their work responsibilities, even dramatic changes allowing them to assume decision making authority that is usually exercised by a supervisor. this is an example of a company using:
A social media company has a process where individuals can choose to make changes to their work responsibilities, even dramatic changes if they create or discover more efficient ways to work. This is an example of a company using job enlargement.
What is job enlargement?Job enlargement means increasing the scope of a job through extending the range of its job duties and responsibilities generally within the same level and periphery. Job enlargement involves combining various activities at the same level in the organization and adding them to the existing job. It is also called the horizontal expansion of job activities. This contradicts the principles of specialisation and the division of labour whereby work is divided into small units.
Each of these is performed repetitively by an individual worker and the responsibilities are always clear.
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agreement to the terms of a contract is voluntary if one of the parties is not forced into the agreement. a. true b. false
True to say that if neither party is coerced into the agreement, then it is voluntary.
Is a contract a non-voluntary agreement between two parties?A legally binding voluntary agreement between two or more people is known as a contract. It is a contract that binds two or more parties to carry out specific obligations. It outlines the parties' rights and obligations under the contract.
What does a contract-free agreement entail?Another type of agreement that is a part of or related to a contract is a nondisclosure agreement (NDA). NDAs are not contracts since there is typically no consideration—one party is not provided with any exchange that was bargained for—but they are enforceable in court if they are written properly.
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Meeting planners might find themselves doing all of the following except
arranging for technical and audiovisual needs
establishing agenda, objectives, and budget
establishing policies and programs for business travel
working with vendors to secure location
Meeting planners might find themselves doing all of the following except establishing policies and programs for business travel.
A meeting planner tends to make professional decisions in all areas of meeting preparation and presentation. They plan and schedule meetings, establish meeting objectives, inspect meeting sites, budget expenses, and also negotiate with suppliers.
So a meeting planner brings together every person involved in producing a meeting. Thus, such meeting planners are someone who tend to understand the intent of the event, or its business rationale. Thus, meeting planners must be familiar with concepts, standards, practices and procedures in events industry and profession.
Hence, option C is correct.
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Write any two features of RTGS.
Features of RTGS Transaction
Realtime online fund transfer.
Used for high value transactions.
Safe and secure.
Reliable and backed by RBI.
Immediate clearing.
Funds credited on a one-on-one basis.
Transactions executed on an individual and gross basis.
16. Elvis is the owner of a furniture store in a small Southern town. He donated several hundred mattresses to the Red Cross immediately after hearing about the devastation caused in a neighboring state by a hurricane. He was motivated to do so by his desire to help others, by thoughts of the income tax deduction he could take, and by the recognition his store would receive from his act of charity. This is an example of
which of the following facts would not necessarily be taken into consideration when trying to determine which of two residences is the principal residence of the taxpayer? multiple choice question. the proximity of each residence to the taxpayer's job the principal place of abode of the taxpayer's immediate family the taxpayer's mailing address for bills and important correspondence the proximity of each residence to the taxpayer's close friends
"The proximity of each residence to the taxpayer's close friends" is a fact would not necessarily take into consideration when trying to determine which of the two residences is the principal residence of the taxpayer.
There are several factors to take into consideration when determining the principal residence of a taxpayer, and proximity to the taxpayer's close friends is only one of them.
You should also consider whether or not you own any other real estate in the area as well as how long you've lived there, among other things.
In determining which of two residences is the principal residence of the taxpayer, there are many factors to consider, and none of these factors should be taken into consideration in isolation from all the others.
In particular, the proximity of each residence to the taxpayer's close friends should not be the only factor in determining which of two residences is the principal residence of the taxpayer because, while it may be true that most people go home to see their close friends after work or on weekends, it does not follow that their close friends also live near where they work or what they do on weekends.
The Canada Revenue Agency provides clear criteria on how to determine if the principal residence exemption (PRE) may be claimed by a taxpayer for a specific property in its Income Tax Folio S5-F1-C1.
Determining an Individual's Residence Status, which can be found online at www.cra-arc.gc.ca.
According to the CRA, when determining the principal residence of an individual, one of the factors that must be considered is the proximity of each residence to the taxpayer's close friends and relatives.
For more Awareness on how to determine which residence belongs to the taxpayer, You can reach out to speak with an experienced tax attorney in your specific area respectively.
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rue or false: Volume variances are due to the difference between expected production and actual production and, therefore, never need to be investigated.
False.
Volume variances can result from factors other than differences between expected and actual production, and thus, they may need to be investigated.
For example, volume variances can also be caused by changes in product mix, changes in customer demand, changes in inventory levels, and changes in the production process.
Investigating the underlying causes of volume variances can help identify areas where improvements can be made, and can lead to better decision-making in the future.
Therefore, it is important to investigate volume variances to gain a deeper understanding of the factors that impact production and sales.
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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
be most helpful?
А. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement
Answer:
D. Cash flow statement
Explanation:
that is the answer
hope I helped you
For the data given below, What would the naive forecast be for the next period?
Period Demand
1 60
2 58
3 56
4 54
a. 58
b. 62
c. 59.5
d. 52
e. cannot tell from the data given
Option d, As the demand for the fourth period is 54, not 52, the naïve forecast for the following period is not 52, and it is also the incorrect response.
We just assume that the demand for the upcoming period will be the same as the demand for the present period in order to compute a naïve estimate for that period. As a result, the demand for the most recent period would be the same as the naïve projection for the following period.
The most recent demand figure in this instance is 54. (for period 4). Hence, 54 would be the naïve prediction for the next time.
As a result, option d would be the right response. 52 is not the right response because demand for the fourth period is 54.
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In December, General Motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.14 vans per labor hos during that month. 300 laborers were employed at the plant that month. a) In the month of December the averoge number of hours worked per laborer a hourshaborer (round your response to one decimal place). b) If productivity can be increased to 0.15 vans per hour, the average number of hours worked per laborer = hours haborer (round your response to one decimat piaco)
a) To calculate the average number of hours worked per laborer in December, we first need to find the total hours worked.
Given that 7,200 vans were produced and the labor productivity was 0.14 vans per labor hour, the total hours equals 7,200/0.14, which results in approximately 51,429 hours. With 300 laborers, the average hours worked per laborer is 51,429/300, equating to roughly 171.4 hours per laborer.
b) If productivity increases to 0.15 vans per labor hour, the total hours needed to produce the same 7,200 vans will decrease. The new total hours equals 7,200/0.15, which results in 48,000 hours. With the same number of laborers (300), the average hours worked per laborer is 48,000/300, equating to approximately 160 hours per laborer.
This demonstrates that an increase in labor productivity decreases the average number of hours each laborer needs to work, improving overall efficiency.
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Suppose you invest $13,000 at age 25 and want the investment to be worth $25,000 when you turn 35. If the interest compounds continuously, what rate of growth will you need to achieve your goal
You would need a continuous growth rate of 6.9% per year to achieve your investment goal of $25,000 by age 35 with a starting investment of $13,000.
To calculate the growth rate needed to achieve the investment goal of $25,000 by age 35 with continuous compounding, we can use the formula:
A = Pe^(rt)
Where A is the final amount, P is the initial investment, e is the mathematical constant, r is the rate of growth, and t is the time period.
Plugging in the given values, we get:
$25,000 = $13,000e^(r*10)
Dividing both sides by $13,000 and taking the natural logarithm of both sides, we get:
ln(25,000/13,000) = 10r
Simplifying, we get:
r = ln(25,000/13,000)/10
r ≈ 0.069 or 6.9% (rounded to the nearest tenth)
Therefore, you would need a continuous growth rate of approximately 6.9% per year to achieve your investment goal.
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A student made a table in Excel and enters data in an adjacent cell. What is an advantage of making the table in an Excel worksheet?
Excel automatically adds the data from the adjacent cell to the table.
The user has the option to include the adjacent data in the table.
Adjacent cells can be filtered according to the data in the table.
Table headings are automatically applied to data in the adjacent cell.
The advantage of making the table in an Excel worksheet is that the adjacent cells can be filtered according to the data in the table.
What is an adjacent cells?In a Spreadsheet, these are cell that is in the same row and adjoins the current cell in a worksheet.
Hence, the advantage of making the table is that the adjacent cells can be filtered according to the data in the table.
Therefore, the Option C is correct.
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