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1 year ago

Which 2 statements are true regarding the multicurrency function in quickbooks online?

Business

1 answer:

kkurt [141]1 year ago

7 0

The 2 statements that are true regarding the multicurrency function in QuickBooks online are

Once multicurrency has been enabled, you cannot disable this feature
For most of the commonly used currencies, the rates are updated every 4 hours.

This is further explained below.

What is multicurrency?

Generally, It's a special kind of bank account that lets you transfer, receive, and keep many different currencies at the same time.

A multi-currency account enables you to utilize a single account number for each kind of currency, which eliminates the need to create several bank accounts, each of which would have a unique account number that would need to be kept track of.

In conclusion, The statement are

Once multicurrency has been enabled, you cannot disable this feature
For most of the commonly used currencies, the rates are updated every 4 hours.

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Imagine you own a home improvement business that is trying to keep up with increased demand and is rapidly growing. You need to

katrin2010 [14]

Answer: Find the explanation below.

Explanation:

I would use an Unstructured Interview to hire my new employees. This is a less rigid form of interview that allows the interviewer to gain a deeper knowledge of a prospective employer.

My rationale and the expected effect on my business:

Unlike the structured interview, it deals with open-ended questions that are highly flexible. I would have the opportunity to truly understand my potential employees and see if they have the qualities I seek for my business growth. For my business, I need smart, honest, articulate individuals who can easily adapt and show understanding of situations. I would present different work scenarios and ask about their reactions to them. This would help me understand their personalities.

My concern about this interview approach is that it may take a lot of time to probe my candidates so as to determine their honest opinions on my questions.

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4 years ago

Read 2 more answers

Assuming that the ideal measure of short-term receivables in the balance sheet is the discounted value of the cash to be receive

77julia77 [94]

Answer: Option C

Explanation: Short term receivables refers to the amount of receivables that are to be received within a year. Thus, discounting a value for just one period with the market interest rate won't make a big change in value.

Hence the discount is usually considered immaterial as it is very small in value.

The discounting method is usually used for the long term investments in which a huge amount is invested for a period more than on year. As interest rates could change the value of a amount received due to their fluctuating nature.

Thus, the correct option is C.

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3 years ago

VitaPup produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 13,400 bags in January, 14,

morpeh [17]

Answer:

PRODUCTION BUDGET

JANUARY FEBRUARY MARCH

Sales 13,400 14,300 13,100

Add: Closing stock 2,145 1,965 2,255

15,545 16,265 15,355

Less: Opening stock 1,340 2,145 1,965

Production budget 14,205 14,120 13,390

Calculation of closing stock:

January 15% x 14,300 bags = 2,145 bags

February 15% x 13,100 bags = 1,965 bags

March 15% x 15,700 bags = 2,355 bags

Explanation:

Production budget = Sales + Closing stock - Opening stock

The closing stock for January is the opening stock for February and the closing stock for February is the opening stock for march.

Closing stock is 15% of next month sales. For instance, the closing stock for January is 15% of February sales, the closing stock for February is 15% of March sales and the closing stock for March is 15% of April sales.

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3 years ago

A firm learns that the own price elasticity of a product it manufactures is 3.5. What would be the correct action for this firm

myrzilka [38]

Answer:

The correct option is B. Lower the price because demand for the good is elastic.

Explanation:

Own price elasticity of a product can be described as the degree of the responsiveness of the quantity demanded of a product to its own price.

Own price elasticity of a product can be calculated as the percentage change in the quantity demanded of a product over the percentage change in the price of the product.

When the own price elasticity of a product is greater than 1, it implies that the demand for the good is elastic and that the percentage change in the quantity demanded is higher than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to lower price.

When the own price elasticity of a product is less than 1, it implies that the demand for the good is inelastic and that the percentage change in the quantity demanded is lower than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to increase price.

When the own price elasticity of a product is equal to 1, it implies that the demand for the good is unitary and that the percentage change in the quantity demanded is equal to the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to leave the price unchanged.

Since the own price elasticity of the product which the firm manufactures of 3.5 is greater than, it implies that based on the explanation above the correct option is B. Lower the price because demand for the good is elastic.

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3 years ago

Suzy works for a company that markets timeshare condos on beach resorts in Mexico. Her job is to phone consumers and invite them

Komok [63]

Answer:

Sales orientation

Explanation:

Sales Orientation is a business approach of making profits by focusing on persuasion of people to buy the products instead of understanding the customer needs

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3 years ago