Answer:
1. Journal entries are quicker and more comfortable in the manual accounting
2. Posting is easier in computer software-based accounting
3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.
4. Financial statements are more straightforward in software-based accounting than manual accounting
Explanation:
The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.
1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries
2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts
3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.
4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.
Answer:
A. $96
B. $228
C. $42
Explanation:
A. Calculation to determine the Amount of SUTA tax the company must pay to Nebraska on Porter's wages
SUTA tax =$3,000 x 3.2%
SUTA tax = $96
Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $96
B. Calculation to determine the Amount of sUTA tax the company must pay to Michiganion Porter's wages
SUTA tax =($9,000 - $3,000 )x3.8%
SUTA tax =$6,000 x 3.8%
SUTA tax = $228
Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $228
C. Calculation to determine the Amount of the net FUTA tax on Porters wages
Net FUTA tax=$7,000 limit) x 0.6%
Net FUTA tax = $42
Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $42
Answer:
internal secondary research data
Explanation:
<u>Social dimension</u> f the triple bottom line seeks to benefit its employees, the local community, and other entities that are impacted by the firm's existence.
<h3>What is social dimension?</h3>
The term "dimension" can be used to describe a feature, appearance, stage, or situation of something. Social, on the other hand, is what connects society: the group of people who live in the same area and adhere to the same laws.
We can comprehend what the social dimension is thanks to these definitions. This is the term of the group of elements involved in the interactions between people and societal life.
The social component might be seen as having to do with how someone is socialized. Humans are social creatures that rely on others to meet their material and symbolic needs. A person must master all of the social tools that are innate to him in order to fully realize himself.
Learn more about social dimension
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Answer:
7,953.57 units
Explanation:
Given that
Total number of days in a year = 360 days
Daily demand = 500 units
Standard deviation of daily demand = 100 units
Interval of order = 10 days
Lead time = 9 days
Service level = 98% its z value = 2.05
On hand inventory = 2,800
Based on the above information, the order quantity is
= Daily demand × (interval of order + lead time) + {z value × sqrt (Interval of order + lead time) × standard deviation units} - on hand inventory
= 500 units × (10 days + 9 days) + {2.05 × √19 × 100 units} - 2,800 units
= 9,500 units + 893.57 units - 2,800 units
= 7,953.57 units
We simply applied the above formula
