<span>When you ask your supervisor if you're doing a project or task correctly, you are asking for feedback. Feedback can be very helpful in making sure you do your work to the best of your ability and knowledge.</span>
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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Answer: 1. Yes it will cause a change.
2. Magnitude of the stock price change will be greater under scenario (b) than scenario (a).
Explanation:
1. There is a negative $200 million discrepancy between what Analysts expected and what the company announced. This means that the company's revenue was less than anticipated and will cause a REDUCTION in stock price because the market will be open and the stock price will need to reflect this new information to signify that the stock is not as valuable anymore.
2. Scenario a represents a situation where the cause of the reduction in revenue was WELL KNOWN and so it will be expected. The financial analysts would have accounted for this but evidently, not very well. Therefore the magnitude of the change will not be as large because it was SOMEWHAT EXPECTED.
Scenario b though refers to a situation where investors DID NOT KNOW or ANTICIPATE the cause of the discrepancy and as such will react more to it. This will mean that the magnitude of change in stock price will be larger here than in Scenario a.
Answer:
Total cash= $265,000
Explanation:
Giving the following information:
Sales:
July $200,000
August $300,000
September $250,000.
40% of the sales are for cash, and 60 percent are on credit. For the credit sales, 50 percent are collected in the month of sale and 50 percent the next month.
We need to determine the cash collection for September:
Cash collection:
Sales in cash September= 250,000*0.4= 100,000
Sales on account September= (250,000*0.6)*0.5= 75,000
Sales on account August= (300,000*0.6)*.5= 90,000
Total cash= $265,000