The answer to this question is a decision support system. Decision
support system is a system that helps businesses to help make a decision by
putting together all data and information to make decisions and solve the
business problems. These are the sample types of decision support system; Data
driven system, communication driven system, and knowledge driven system.
Answer:
Money is defined as something that serves as a medium of exchange.
The money supply is the total amount of money available in an economy. It includes:
- M1 includes coins and notes (bills) in circulation plus other money equivalents that are easily liquidated.
- M2 includes M1 plus short term bank deposits and 24 hour money market funds.
- M3 includes M2 plus long term bank deposits and money markets with more than 24 hour maturity.
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Answer:
The full sentence is:
The audit of inventories may help in the auditor determination of <u>COGS </u><u>(</u>cost of goods sold) 2. It is difficult to audit <u>DEPRECIATION</u> without the consideration of the property account. 3. Amortization relates to <u>INTANGIBLE</u> assets like depreciation relates to property and equipment. intangible 4. Auditors consider the <u>BAD DEBT</u> expense when determining the correct allowance for doubtful accounts. sales 5. Financial statements that <u>UNDERSTATE </u>the results almost never lead to legal action by financial statement users.
EXPLANATION:
Cost of goods sold, is the relationship between sales and expenses necessary to produce and store a particular good.
Depreciation is the mechanism by which the wear and loss of value that a good or asset undergoes due to the use made of it over time is recognized.
What cannot or should not be touched receives the qualification of intangible
Answer:
TRUE
Explanation:
A potential obligation that depends on the future outcome of past events is a contingent liability!
- An obligation is something that is to be done
- A potential obligation is a thing or activity that is among the options of stuff that can be done
- When something depends on the future outcome of past events, it introduces or carries with it, the cost of waiting (for future outcomes)
- A contingent liability is something that poses probability of loss instead of gain. The opposite of liability is asset.
So in business, a potential obligation or action that depends on the future outcome of past events is a contingent loss rather than gain.