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forsale [732]
3 years ago
6

Gamma is a company that develops software to help businesses with data processing. Their software performs multiple business fun

ctions, including processing payrolls, generating tax information for employees, and managing performance evaluation reports. The software is hosted on a remote server maintained by Gamma, and client businesses can access it online. Which technology is being used by Gamma to perform the computing tasks for other businesses?
Multiple Choice

cloud computing

HR dashboard

intranet portal

data mining

artificial intelligence
Business
1 answer:
Alexus [3.1K]3 years ago
7 0

Cloud computing technology is being used by Gamma to perform the computing tasks for other businesses.

Explanation:

Cloud computing is the on-demand availability of computer system resources, data storage and computing power, without direct active management by the user. This term is used to determine data centers available to many users over the internet.

Cloud computing is a software performs multiple business functions like processing payrolls, generating tax information for employees, and managing performance evaluation reports. The software is hosted on a remote maintained by the Gamma, and client businesses can access it online.

The information and data is stored on physical or virtual servers, which are maintained and controlled by cloud computing provider such as Amazon and AWS product.

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Answer:

note receivable       39,000 debit

        sales revenue               39,000 credit

--Nov 1st to record sale of goods to Tung Decorators --

interest receivalbe       390 debit

interest revenue                      390 credit

--Dec 31th adjusitng entry for accrued interest --

cash                       40,170 debit

        note receivable                39,000 credit

        interest receivable                390 credit

        interest revenue                    780 credit

--May 1st collection of the note--

Explanation:

<u>First</u>, we record the sales revenue and we enter the promissory note at his nominal. Interest will be accrued as the time past.

<u>interest for the period Nov 1st - Dec 31th</u>

prncipal x rate x time

we must always have rate adn time in the same metric so we express the mont has fraction of year:

39,000 x 6% x 2/12  = 390

<u>collection of the note</u>

cash procceds: principal + interest

39,000 x (1 + 6% x 6/12)  = 40,170

we write off both receivables, the note and the interest,

and we recognize interest revenue for the difference

40,170 - 39,000 - 390 = 780

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s2008m [1.1K]
If this question has the same set of choices like the previous ones, the answer is:
<span>Paying off your credit card bill.
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Explanation:

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