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lana66690 [7]
1 year ago
15

allen is recording payroll that was processed outside. which quickbooks function would be most useful?

Business
1 answer:
Helen [10]1 year ago
8 0

Allen is recording payroll that was processed outside.  journal entry quick books function would be most useful.

The QuickBooks accounting software suite was developed and is offered for sale by Intuit. The first version of Quicken did not function as a "double-entry" accounting program. Small and medium-sized businesses are the main target market for QuickBooks products, which were initially released in 1983. They provide on-premises accounting programs as well as cloud-based versions that collect payments from clients, manage and pay bills, and manage payroll. The inaugural QuickBooks release was the DOS version, which was built on the Quicken codebase. The Windows and Mac versions, which shared a different codebase, were built on the In-House Accountant software that Intuit had acquired. The program was preferred by small business owners who lacked fundamental accounting expertise. The program quickly accounted for up to 85% of the small business as a result.

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the coefficient of elasticity is 1.25. therefore demand is elastic

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Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

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Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded

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