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3 years ago

The outputs of a computerized accounting information system are called

1 answer:

7 0

The outputs of a computerized accounting information system (AIS) are called INFORMATION. It is the primary output of AIS. The outputs of an AIS includes:
1. Trading partner documents
2. Internal documents
3. Internal reports
4. External reports
An AIS processes data and provides information to the user. A reliable data is free of any error or discrepancy.

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Kaiser Industries has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a curren

MissTica

Answer:

Explanation:

Current price = Annual coupon*Present value of annuity factor(7.2%,12)+$1000*Present value of discounting factor(7.2%,12)

1142.60=Annual coupon*7.85871162+$1000*0.434172763

1142.60=Annual coupon*7.85871162+434.172763

Annual coupon=(1142.60-434.172763)/7.85871162

Annual coupon = $90.14

Coupon rate=Annual coupon/Face value

=$90.14/$1000

=9.01%

7 0

3 years ago

At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is

bija089 [108]

Answer:

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job Direct Materials Direct Labor Machine Hours

Job 765 $6,160 $1,848 22

Job 766 $10,944 $3,456 64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e balance on the job cost sheets

= Direct Materials + Direct Labor + overhead

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

8 0

4 years ago

You pay your doctor $75 for an office visit. The doctor then uses the money to pay his cable service. This is an example of whic

Elan Coil [88]

Answer:

As a Medium of Exchange

Explanation:

The four functions of money are:

As a Medium of Exchange
As a Measure of Value
As a Store of Value
As a standard of Deferred Payment.

As a Medium of Exchange

Money as a medium of exchange has its most important role of facilitating the exchange of goods and services. Hitherto before the advent of money. Trade by Barter was the only means of conducting transactions. The use of money in the exchange of gods and services solved the major difficulty encountered with the barter system, which his "Double coincidence of wants".

Money by performing its most traditional role is accepted by all irrespective of whether they need each others good or services.

However to fulfill this role or function, Money has to be generally acceptable, portable, divisible, durable, stable in value and homogeneous.

5 0

3 years ago

S Company reported net income for 2013 in the amount of $400,000. The company's financial statements also included the following

inna [77]

Answer:

Net cash Provided by Operating activities = $416000

Explanation:

Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.

Net income $400000

Add: Depreciation $104000

Less: Gain on Sale of Land -$148000

Less: Increase in Accounts Receivable -$80000

Less: Increase in Inventory -$60000

Add: Increase in Accounts Payable $200000

Net Cash Provided by operating activities $416000

7 0

3 years ago

Scottie adams bird supplies issued 10% bonds, dated january 1, with a face amount of $240,000 on january 1, 2018. the bonds matu

notka56 [123]

The answer is : $ 212,471.00

Given the Factors :
PV of annuity due of $1: n = 20; i = 6% is 12.15812
PV of ordinary annuity of $1: n = 20; i = 6% is 11.46992
<span>PV of $1: n = 20; i = 6% is 0.31180

</span><span>$12,000.00 × 11.46992* = $ 137,639.00
$240,000.00 × 0.31180** = 74,832.00
$137.639+$74,832.00 = $ 212,471.00 </span>

8 0

4 years ago