For Each of the Following, Identify in Column 1 the Category

question 46

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement(s) on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \text { Raw materials } & & & & \\\text { purchases } & & & & \\\hline\end{array}$$

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Definitions:

Customer Relationships

The management of interactions and engagements between a business and its customers, focusing on enhancing loyalty and satisfaction.

Collaborative Filtering

A method used by recommender systems to predict the interests of a user by collecting preferences from many users, assuming that people who agreed in the past will agree in the future.

Buying Intentions

The likelihood or propensity of consumers to purchase a product or service in the near future.

Future Purchases

Refer to transactions that are expected to occur in the future, based on patterns, intentions, or marketing strategies.