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2 years ago

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

Business

1 answer:

kkurt [141]2 years 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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The consumer price index is the A. average of the prices of the goods and services purchased by a typical urban family of four.

Ratling [72]

Answer:

The most viable answer is Option A.

Because CPI deals with changes in price level of average market basket of consumer goods purchased by households.

7 0

3 years ago

A copy machine acquired with a cost of $1,410 has an estimated useful life of 4 years. It is also expected to have a useful oper

mafiozo [28]

Answer:

a. Straight-line method

Depreciation Expense for the first year: $333.75

b. Double-declining-balance method

Depreciation Expense for the first year: $667.5

c. Units-of-output method

Depreciation Expense for the first year: $450

Explanation:

a. Straight-line method

Depreciation Expense each year is calculated by following formula

Annual Depreciation Expense = (Cost of machine − Residual Value)/Useful Life = ($1,410 - $75)/4 = $333.75

Depreciation Expense for the first year: $333.75

b. Double-declining-balance method

Under the straight-line method, useful life is 4 years, so the asset's annual depreciation will be 25% of the Depreciable cost.

Depreciable cost = Total cost of machine - Residual value = $1,410-$75 = $1.335

Under the double-declining-balance method the 25% straight line rate is doubled to 50% - multiplied times

Depreciation Expense for the first year = $1.335 x 50% = $667.5

c. Units-of-output method

Depreciation Expense per copy = (Cost of machine − Residual Value)/Life in Number of Units = ($1,410 - $75)/13,350 = $0.1

Depreciation Expense for the first year = Depreciation Expense per copy x number of copies were made the first year = $0.1 x 4,500 = $450

3 0

3 years ago

You plan to borrow $40,000 at a 6% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year pay

STALIN [3.7K]

Answer:

Interest for second year $2,114.08

Explanation:

given data

loan Amount = $40,000.00

Interest rate r = 6.00%

time period t = 7

solution

we get here first Equal Monthly Payment EMI that is express as

EMI = $\frac{P \times r \times (1+r)^t}{(1+r)^t-1}$ ................1

here P is Loan Amount and r is rate and t is time period

put here value and we get

EMI = $\frac{40000 \times 0.06 \times (1+0.06)^7}{(1+0.06)^7-1}$

EMI = $7165.40

now

we get here interest for second year that is

Closing balance at year 1 = opening balance + Interest - EMI Payment

Closing balance at year 1 = $40,000 + $2400 - $7165.40

Closing balance at year 1 = $35234.60

so Interest for second year $2,114.08

8 0

4 years ago

If one wants to increase the capacity of short-term memory, more items can be held through the process of ________.

UNO [17]

Answer:

Chunking

Explanation:

If one wants to increase the capacity of short-term memory, more items can be held through the process of Chunking. This term refers to grouping many pieces of similar information into a larger piece of information. Allowing you to just need to remember the larger units, which would give you access to the smaller components that are related to it. Thus increasing your short-term memory capacity.

5 0

3 years ago

If a retired individual lives on his or her investment income, then it would make sense for this person to prefer stocks with hi

Naily [24]

Answer:

True.

Explanation:

If investors prefer firms that retain most of their earnings, then a firm that wants to maximize its stock price should set a low payout ratio.

And her in a case of a retired individual who lives on his or her investment income, then it would make sense for this person to prefer stocks with high payouts so he or she could receive cash without going to the trouble and expense of selling stocks. On the other hand, it would make sense for an individual who would just reinvest any dividends received to prefer a low-payout company because that would save him or her taxes and brokerage costs.

5 0

3 years ago