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3 years ago

Which of the following statements is false?

Business

1 answer:

serious [3.7K]3 years ago

3 0

Answer:

ERP systems use the same data as functional information systems.

Explanation:

At its most fundamental level, ERP software integrates these different capacities into one complete framework to streamline procedures and data over the whole organization. The focal element of all ERP frameworks is a shared database that supports multiple capacities utilized by various business units.

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Which describes the purpose of minimum-balance fees?

Cerrena [4.2K]

Answer:

make sure customers keep sufficient funds in their account

Explanation:

Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.

5 0

3 years ago

7. A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. This item would be include

Jet001 [13]

Answer:

The item would be included in the bank reconciliation as an addition to the balance as per the records of the company.

Explanation:

Bank reconciliation is the procedure in which the balances of the entity accounting records for a cash account to the corresponding information on a bank statement is matched.

In this case, as the check is drawn by the company which means that the same amount is to be deducted from the company books but the amount of $430 got deducted which is a wrong amount as the actual amount is $340, so the amount to be added back to the balance as per company records.

3 0

3 years ago

Zhang Industries is preparing a cash budget for June. The company has $25,000 cash at the beginning of June and anticipates $95,

zepelin [54]

Answer:

$11,290

Explanation:

The computation of the amount that should be borrowed is given below:

Opening cash balance $25,000.00

Add Cash Receipts 95,000.00

Less Cash Disbursements (111,290.00)

Balance before adjustment 8,710.00

Desired ending cash balance 20,000.00

Amount to be borrowed 11,290.00

Hence, the first option is correct

6 0

3 years ago

Which of the following is not one of the principles of corporate public relations that a company should follow

CaHeK987 [17]

Answer:

C. To ensure secrecy and security regarding the company's actions

Explanation:

Ensuring secrecy and security regarding the company's actions is not one of the principles of corporate public relations that a company should follow.

3 0

3 years ago

Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea

Korolek [52]

Answer: $94,000

Explanation:

7 0

4 years ago