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wel
2 years ago
5

Accounting information systems:

Business
1 answer:
Dafna1 [17]2 years ago
3 0

Answer:

The correct answer is letter "D": are an information system that records, processes, and reports on transactions to provide financial and non-financial information for decision making and control.

Explanation:

An Accounting Information System or AIS is a way to track all of a company's accounting activities. An AIS provides easy access to the same information to different departments. An AIS collects, stores, retrieves and processes the data. The data can come from internal and external sources allowing managers to make decisions about the business operations.

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Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a
alukav5142 [94]
<span>Jeremy is working on a spreadsheet, the processing of the information processing cycle will justify Jeremy’s use of the spreadsheet and give the final output.  </span><span>Applying instructions to data takes place during the </span>PROCESSING  <span>stage of the information processing cycle.</span>
3 0
2 years ago
The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and amo
maksim [4K]

Answer:

The Net cash is 302.000

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

With the balance data,  we get the decrease or increase of the differents accounts.  

End Beginning Cash $ 50,000 $ 60,000  

Decrease in cash  -10000

Accounts receivable 112,000 108,000

Increase in accounts receivable 4000

Inventories 105,000 93,000

inventory increased 12000

Prepaid expenses 4,500 6,500

decreased Prepaid expenses -2000

Accounts payable (merchandise creditors) 75,000 89,000

accounts payable decreased -14000

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Net income 295.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 40.000

+ amortization of patents 5.000

- Decrease in cash (10.000)

- Increase in accounts receivable (4.000)

- inventory increased (12.000)

+  decreased Prepaid expenses  2.000

- accounts payable decreased (14.000)

 

Net cash 302.000

8 0
3 years ago
Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________
iren2701 [21]

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

6 0
3 years ago
Shelton Co. purchased a parcel of land six years ago for $866,500. At that time, the firm invested $138,000 in grading the site
nikklg [1K]

Answer: $918,000

Explanation: Since Shelton Co is considering building a warehouse on the site because the rental lease is expiring then in  evaluating the new project all the relevant cash flows must be considered in  the protect evaluation. Market value of the land used for constructing the building is an opportunity cash flow and so must  be considered.  The Relevant cost of opportunity for land will be its fair value.

Therefore ,the initial cost cost of the warehouse project for the use of this land is $918, 000.

5 0
3 years ago
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Under __________ requirements, the union must apply the terms of contract equally to all bargaining-unit employees. question 15
aksik [14]

Under mandatory bargaining requirements, the union must apply the terms of contract equally to all bargaining-unit employees. There are different subjects that are available and open for bargaining. Salary, benefits, contract and employment terms are all types of subjects that an employee can bargin to get what they want even if it's not initally offered. All mandatory subects directly impact an employees terms and conditions in a company.

3 0
2 years ago
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