Select all that apply Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Batch processing accumulates source documents for a period of time and then processes them all at once. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. An advantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. An advantage of batch processing is the lack of updated databases for management to use when making decisions.
Answer:
I. Batch processing accumulates source documents for a period of time and then processes them all at once.
II. Online processing enters and processes data as soon as source documents are available.
III. An advantage of online processing is timeliness.
IV. Accounting systems differ with regard to how input is entered and processed.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.
The correct statements that best describes data processing in accounting includes;
I. Batch processing accumulates source documents for a period of time and then processes them all at once.
II. Online processing enters and processes data as soon as source documents are available.
III. An advantage of online processing is timeliness.
IV. Accounting systems differ with regard to how input is entered and processed.
Because there are so many options in the transportation industry, you don’t really need any goals or plans when you enter it.
True
False
Answer:
i would say false because u always need goals in your life
Explanation:
Trade policies Group of answer choices alter the trade balance because they alter imports of the country that implemented them. alter the trade balance because they alter net capital outflow of the country that implemented them. do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them. do not alter the trade balance because they cannot alter the real exchange rate of the currency of the country that implements them.
Answer:
do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.
Explanation:
Trade policy explains rules, regulations, and standards that are relevant to trade relations between two countries. Trade policy is also called the Commercial policy.
Trade policies do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.
Review the following sources and decide if they are reliable and relevant.
two books from a bookstore or library
a newspaper article in the business section
news or a program on TV
the following Web sites:
CNN Business
Fidelity Investments
Investing for Beginners
Answer:
CNN business is left wing( which means it will tilt the info to fit the party)
Try using something neutral
What is a franchise business?
You have established a new business in your neighbourhood
Explain how you would use power relationships to benefit your business
Answer:As a small-business owner, one of the most effective ways for you to compete ... Then plot them on a zip code map (easily found in most phone books). ... Understanding the importance of your marketing area will also help you ...
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year $481,250
Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours
Results of operations:
Actual direct labor-hours 40,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 179,000
Other manufacturing overhead costs incurred $ 465,000
Answer:
The results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 481,250 / 35,000
Predetermined manufacturing overhead rate= $13.75 per direct labor hour
Now, we allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 13.75*40,000
Allocated MOH= $550,000
Finally, the under/over applied overhead and the closing to cost of goods sold:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 644,000 - 550,000
Underapplied overhead= $94,000
When overhead is underapplied, we need to debit the cost of goods sold.
COGS 94,000
Manufacturing overhead 94,000
Tips on how to stay organized and focused during school!
Hello! Today I've decided to share some tips to help you stay focused during school.
First things first, get something scented. Chapstick, perfume, essential oil, candles, anything scented helps you relax.
Second, make yourself work towards something short term like a snack, allowing yourself to watch a video after completing each subject, things that make you want to do school.
Thirdly, make a checklist. I know its old, but making a paper checklist is the absolute best possible way to stay on task or ahead so you don't have to worry about being behind.
I have attached some of my favorite checklist templates in the comments below
I hope this helps you, have a great day! :)
Answer:
tysm !! <33 u have a great day too :))
Explanation:
Which person BEST exemplifies an entrepreneur? Mark is known as the profit maker in the firm where he is employed Mary embraces change and innovates to meet customer demands Maurice thinks about how t make money Monty is a top level manager in a successful company
Answer:
Mary
Explanation:
An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.
A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.
If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B) lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answer: B) lower equilibrium price and higher quantity
Explanation:
Demand and supply simply shows the interaction that takes place between the producers and their consumers.
In a case whereby there's an increase in the supply for a product while the demand first change and remains the same, this will lead to a surplus, and hence there'll be a higher quantity.
Also, since there is surplus and the demand doesn't change, there'll be a reduction in the price of the product. Therefore, the correct option is B.
Answer:
the answer is B
Explanation:
In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension, which she spent on clothes and recreation. Robert and Barbara paid Ada’s medical and drug expenses of $600 for the year. Robert and Barbara’s total food expense for the household was $6,000. The fair rental value of the lodging provided Ada was $1,200 for the year, based on the cost of similar room facilities. What was Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent?
Answer:
$5,300
Explanation:
Calculation to determine Ada’s total support for the year
Medical and drug expenses $600
Add Lodging $1,200
Add household total food expense $2,000
($6,000/3 Ada+Robert+Barbara)
Add Source of income $1,500
Total support $5,300
($600+$1,200+$2,000+$1,500)
Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300
Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?
Answer:
$57,100
Explanation:
The technique for this question to follow closely the payment cycle
Calculation of January Cash Receipts
Cash Sales ($59,000 x 10%) $5,900
Credit Sales in January ($59,000 x 40%) $23,600
Credit Sales in December ($51,000 x 50%) $25,500
Credit Sales in December ($21,000 x 10%) $2,100
Total $57,100
Conclusion
the expected cash receipts for January from the current and past sales is $57,100
dose anyone know the answer to this question?
Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?
Answer: $17,654.97
Explanation:
In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.
Then we get the daily rate which will be:
= $1,880.96/365
= $5.153.
Then, we multiply the daily rate of $5.153 by the number of days which will be:
= $5153 × 292 days
= $1,504.97.
Then, we calculate the down payment, which will be:
= $84,500 - $67,600
= $16,900
We then deduct the $2,000 that has already been paid. This will be:
= $16900 - $2000
= $14900
Adding together all the values then the total cash that Tommy must bring to the settlement will be:
= $14900 + $1,504.97 + $1,250
= $17,654.97
promt
what is insurance?
Answer:
is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
Answer:
Insurance is a contract in which an insurer promises to pay the insured party a sum of money if an event occurs in the future and in return for regular small payments known as premiums
Explanation:
Q7 Describe your own responsibilities for equality and diversity in the workplace or a place you have previously worked. (2.2)
Answer:
I have worked in the capacity of HR manager so diversity and equality was most important aspects which need to be considered. Diversity and equality needs to be maintained at work place to keep the employees motivated and they do not feel left out or have sense of injustice.
Explanation:
Diversity and equality is an important aspect in a business. The people at the work place stay motivated if they feel they are paid according to their skills and expertise. There should not be any discrimination based on cast, color, gender, height, weight or any other religious or moral values. All of the staff should be appraised based on their performance. The goal setting should be achievable and every employee should be able to contribute towards the goals of the business.
McCoppin Industries has three employees: Dean, Annie and Kent. Dean works entirely in State A and was paid a salary of $130,000 plus a $30,000 bonus. Annie works entirely in State B and was paid a salary of $50,000. Kent works 60% of the time in State A and 40% of the time in State B and was paid $100,000 in commissions. Calculate McCoppin's payroll factor for State A
Answer:
All of Dean's compensation must be included in State A = $130,000 + $30,000 = $160,000
None of Annie's compensation is included in State B = $0
Kent's compensation is also included in State A since the majority of hiss ales are carried out there = $100,000
total payroll allocated to State A = $260,000
payroll factor = $260,000 / ($260,000 + $50,000) = 83.87% = 84%
Monroe Corporation manufactures modern and antique clocks. Monroe's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Antique Modern Total Cost Assembly 3,600 mach. hours 1,200 mach. hours $168,000 Inspections 600 200 $80,000 4,500 labor hours 4,000 labor hours Monroe is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much of the assembly cost is assigned to the modern clocks
Answer: $42,000
Explanation:
The total cost of Assembly is $168,000.
This is for the machine hours spent on both Antique and Modern clocks of:
= 3,600 + 1,200
= 4,800 hours
Modern clocks assembly costs would be:
= Modern clock machine hours / Total machine hours on assembly * Cost of assembly
= 1,200 / 4,800 * 168,000
= $42,000
what is trade?clarify the importance of foreign trade in nepal in five points.
Answer:
trade plays an important role in
economic development of a country.
Explanation:
it promote economic development. improving competative capacity expanding market providing modern technologies and machinery and for agriculture sector last one is not rememberhope it help you
Answer:
Buying and selling good is called trade. that's importance of foreign trade in Nepal are:
1.The currency of the rich nation is reliable so foreign trade enable us to earn this foreign currency by selling products.
2. it help to preserve our traditional art and crafts skill.
3.if one country concentrate on a certain products,they can develop skills and knowledge and product very high quality good.
4. it is sensible to use resources and tools in place where they found
a. Economists include only final goods and services when measuring GDP because multiple choice 1 if intermediate goods were not counted, then multiple counting would occur. if intermediate goods were counted, then prices would be overstated. if intermediate goods were not counted, then prices would be overstated. if intermediate goods were counted, then multiple counting would occur. b. Gross domestic product does not include the value of the stocks and bonds bought and sold because these transactions are considered multiple choice 2 consumption expenditures and should not be counted as production of final goods and services. economic investment, but should be counted as production of final goods and services. economic investment and should not be counted as production of final goods and services. consumption expenditures, but should be counted as production of final goods and services. c. When measuring GDP, economists don't include the value of the used furniture bought and sold because multiple choice 3 the value of used furniture is not reported anywhere. this value was already counted in GDP in some previous year. used furniture is a durable good. the value of used furniture needs to be averaged over a specified number of years.
Answer:
if intermediate goods were counted, then multiple counting would occur. #economic investment and should not be counted as production of final goods and services
this value was already counted in GDP in some previous year.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products because it would result in double counting
6. Goods produced in previous years. This is because it has already been included in previous years GDP and adding it would result in double counting
How do I prepare and balance the personal accounts appearing in the ledgers of small moon enterprises as at December 31,210
Answer:
For each account title shown on your sales and cash receipts journal columns and ... The sum of all general ledger debit balances should always equal the sum of all ... of business, you will use many, but probably not all, of these account names.Explanation: For each account title shown on your sales and cash receipts journal columns and ... The sum of all general ledger debit balances should always equal the sum of all ... of business, you will use many, but probably not all, of these account names.
I have one F and 2 D's, It's because I have another school that I have to study which takes my school homework time up. The subjects are business, science, and Language arts. (Online school). Please help (┬┬﹏┬┬) -Unknown_Student
Answer:
what do you need help with? like whats the question?
Explanation:
In a five-year time period, Jonah's organization has grown from a one-man motorcycle repair shop to a custom bike manufacturing/assembly and rebuild business employing 32 mechanics and technicians. Due to Jonah's difficulty in delegating responsibility, he makes almost all business and design/technical decisions. As a result, he is working 80 hours per week, and the business has stopped expanding, and is suffering a turnover problem. Jonah's business is a(n) ______________ organization.
Answer: centralized organization
Explanation:
Since Jonah makes almost all business and design/technical decisions, then the business is a centralized organization.
A centralized organization simply refers to an organization whereby the decisions are handled at the top level. In this case, since Jonah owns the company, he handles every decision, therefore it's a centralized organization as it's hierarchical.
This is for people who have a ps4.
do you still have to pay the PS plus even though you have Auto-renew off?
Answer:
not me
Explanation:
Answer:
no
Explanation:
Have a lovely day. <:
A fast food restaurant that normally uses plastic utensils is considering switching to reusable metal utensils. In order to conduct a life-cycle analysis of waste the restaurant would a compare the daily waste generated from plastic utensils to the daily waste generated in by the metal utensils. . b compare the waste generated from plastic utensils to the waste generated from the production, use, and disposal of the metal utensils. c determine the cost of disposing of metal utensils versus the cost of disposing of plastic utensils. d compare the cost of plastic utensils to the cost of reusable utensils.
Answer:
the answer is Plastic reduces the transfer of thermal energy to hands holding the utensils.
Explanation:
Give an example of any factor that influence the size of the multiplier
Answer:
The size of the multiplier depends upon household's marginal decisions to spend, called the marginal propensity to consume (mpc), or to save, called the marginal propensity to save (mps). It is important to remember that when income is spent, this spending becomes someone else's income, and so o
Explanation:
If mpt = 0.4, mpm =0.3 and mps = 0.1.
Then mpw = 0.8. The marginal propensity to consume is 0.2.
Therefore, the multiplier effect will be 1/0.8 = 1.25.
2 Nov 2019
Answer:
Explanation:
Changes in the size of the leakages—a change in the marginal propensity to save, the tax rate, or the marginal propensity to import—will change the size of the multiplier.
URGENT: Creating and using a checklist makes home maintenance and repair projects more _______. (10 letters)
Answer:
productive
Explanation:
which of the following is a positive externality
•household waste
•litter on the road
•noise pollution
•bus rides to school
Answer:
D . BUS RIDES TO SCHOOL
Explanation:
All the others listed are negative externalities.
Bus rides to school is a positive externality
A good or service generates positive externality if it gives benefits that is greater than its cost to third parties that are not involved in its production.
Bus rides to school generates positive externality. This is because it reduces traffic on the roads. This benefits other road users (third parties).
Another example of a product that generates positive externality is research and development. Discovery of a new treatment for a disease benefits the general public.
Household waste, litter on the road and noise pollution generate a negative externality.
A good has negative externality if the costs to third parties not involved in the activity is greater than the benefits.
To learn more about positive externalities, please check: https://brainly.com/question/9346389?referrer=searchResults
If demand decreases and supply stays the same, there will be a
A) higher equilibrium price and lower quantity
B) lower equilibrium price and quantity
C) higher equilibrium price and quantity
D)lower equilibrium price and higher quantity
Which of the following three actors could form an "iron triangle"? a. Bayer AG, Eli Lilly & Company, and Pfizer Inc. (all pharmaceutical companies) b. the Food and Drug Administration, the Department of Health and Human Services, and the president c. the House Energy and Commerce Committee, the Senate Committee on Health, Education, Labor and Pensions, and the Department of Health and Human Services d. the Food and Drug Administration, Pfizer Inc., and the Senate Committee on Health, Education, Labor and Pensions
Answer:
d. the food and drug administration, Pfizer Inc., and the Senate Committee on health, education, labor and pensions.
Explanation:
Iron triangle is a special type of relationship which is developed in the interest groups from an industry and the committees who regulate laws of the industry. In the given case Pfizer is a pharmaceutical company who forms iron triangle with senate committee to enforce Food and Drug Administration regulations.