All categories

3 years ago

True or false: a database transaction is recorded only when a change is written to a database.

1 answer:

4 0

That statement is false
Some of the database transaction could be recorded as soon as the transaction happen. Some companies may adopt different financial recording policy for their operation. It's not rare to see a company that will acknowledge transaction as soon as it happen so they could create a more accurate view about their company's financial position.

You might be interested in

Lyman Company has the opportunity to increase annual credit sales $100,000 by selling to a new, riskier group of customers. The

Alexxandr [17]

Answer:

Option c ($9,000) is the correct answer.

Explanation:

The given values are:

Annual increase in sales,

= $100,000

Now,

The collection expenses will be:

= $100,000\times 15 \ percent$

= $15,000$

Selling as well as manufacturing expenses will be:

= $100,000\times 70 \ percent$

= $70,000$

Tax expense will be:

= $15,000\times 40 \ percent$

= $6,000$

After-tax profits increase will be:

= $15,000-6,000$

= $9,000$ ($)

7 0

3 years ago

What issue were the Virginia and New Jersey plans attempting to resolve

suter [353]

They were fighting the russians and lost.

7 0

3 years ago

In 2014, U.S. gross domestic product (GDP) was roughly $17.4 trillion. Given that the U.S. population was roughly 319 million pe

Anni [7]

Answer:

GDP per capta will be $54.5454

So option (a) will be correct option

Explanation:

We have given GDP of US in 2014 is roughly about $17.4 trillion

We know that 1 trillion = 1000 billion

So GDP of US = $17.4×1000 = $17400 million

Population of US in 2014 = 319 million

We have to find the GDP per capita

For finding GDP per capita we have to divide total GDP to number of peoples

So GDP per capita will be $=\frac{17400}{319}=$54.5454$

So option (a) will be the correct option

3 0

3 years ago

The income statement of Whitlock Company is presented here.

bazaltina [42]

Answer:

$1,146,800

Explanation:

Preparation for the operating activities section of the statement of cash flows for the year ended November 30, 2020

WHITLOCK COMPANY

Partial Statement of Cash FlowsFor the Year Ended November 30, 2020

Cash flows from operating activities

Net income $1,366,800

Adjustments to reconcile net income to net cash provided by operating activities..

Activities

Depreciation expense $70,000

Decrease in inventory $500,000

Decrease in accrued expenses payable ($100,000)

Increase in prepaid expenses ($150,000)

Increase in accounts receivable ($200,000)

Decrease in accounts payable($340,000)($220,000)

Net cash provided by operatingActivities $1,146,800

($1,366,800-$220,000)

Therefore the operating activities section of the statement of cash flows for the year ended November 30, 2020 is $1,146,800

3 0

3 years ago

Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to re

Kaylis [27]

Answer:

Total market value of equity = 1.25 billion x $20 = 25 billion

Value of shares repurchased = $5 billion

Total market value after share repurchase

= $25 billion - $5 billion

= $20 billion

The correct answer is D

Explanation:

In this question, we need to calculate the total market value of equity. Then, we will deduct the value of shares repurchased from the total market value of equity. This gives the market value of equity after repurchase.

8 0

3 years ago