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Dovator [93]
1 year ago
14

Which characteristic of an effective accounting information system refers to a system which works smoothly with the business’s e

mployees and organizational structure?
Business
1 answer:
klemol [59]1 year ago
6 0

Compatibility is an effective accounting information system refers to a system which works smoothly with the business’s employees and organizational structure.

Compatibility refers to a steady working system, which is aligned with the business employees, operations, and organizational structure. It is also the salability of any information and technology across the organizations.

Comparability is the level of standardization and effective accounting information which allows the financial statements of multiple organizations to be compared to each other. Thus, it uses hardware and software to effectively store and retrieve data.

Hence, a system not compatible with the organization is doomed to failure.

To learn more about accounting information here:

brainly.com/question/2629744

#SPJ4

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When a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determi
Scilla [17]

Answer:

Yes is True that when a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determine because the nondiscount takers paying earlier will reduce the accounts receivable investment, while the new customer accounts will increase this investment.

Explanation:

Accounts Receivable is any amount of money owed by customers for purchases made on credit. It is an asset account on the balance sheet since it is money due in the short run.

As a current asset, Accounts Receivable is an important aspect of a businesses' fundamental analysis used to measures a company's liquidity or ability to cover short-term obligations without additional cash flows.

Accounts receivable Investment will be reduced if the firm initiates or increases a cash discount.

6 0
3 years ago
Sneed Corporation reported balances in the following accounts for the current year: Beginning Ending Income tax payable $ 50 $ 3
RUDIKE [14]

Answer:

Amount of taxes payable is $210.

Explanation:

<u>Calculating the Income tax amount: </u>

Income tax = Closing balance - opening balance + income tax expenses

Income tax = 30 - 50 + 230  

Income tax = - 20 + 230

Income tax = $210

7 0
3 years ago
All of the following statements regarding the double-entry system are true except:__________. 1. both sides of the accounting eq
Gennadij [26K]

Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system

Explanation:

The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.

In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.

Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.

6 0
2 years ago
Wildcat Co. purchased, on open account, 4,000 pounds of direct materials at a total cost of $20,200. The standard cost of these
Pepsi [2]

Answer:

Explanation:

The pictures attached shows the full explanation

3 0
3 years ago
Razor Inc. manufactures industrial components. One of its products used as a subcomponent in auto manufacturing is Fluoro2211. T
Neko [114]

Answer:

Total contribution margin= $1,884,180

Explanation:

Giving the following information:

Direct Materials 150

Direct Labor 28

Variable Manufacturing Overhead 25

Variable Selling 16

Sales in units= 10,130

Selling price= $420

Direct material cost= 150*1.1= $165

<u>First, we need to calculate the unitary contribution margin:</u>

Unitary contribution margin= selling price - total unitary variable cost

Unitary contribution margin= 420 - (28 + 25 + 16 + 165)

Unitary contribution margin= $186

<u>Now, the total contribution margin:</u>

Total contribution margin= 10,130*186

Total contribution margin= $1,884,180

3 0
2 years ago
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