All categories

3 years ago

What type of database are organizations most likely to use for payroll, accounts receivable, inventory, and invoicing?

1 answer:

4 0

Relational database is the type of database that organizations most likely to use for payroll, accounts receivable, inventory, and invoicing.
A relational database (RDB) use Structured Query Language (SQL), and RDB is an aggregate set of multiple data sets that are organized by tables, records and columns. The main point is about the relational database is that it uses tables to store the information.

You might be interested in

In a process costing system, with the exception of the first department, each department receives output from the prior departme

Eduardwww [97]

Process Costing system involved several processes or departments under which the next department receives partially completed product from the previous department. The first department receives the raw material and it does not receive any output from other department.

Hence except the first department, each department receives output from the prior department as a partially processed product.

Hence the answer is True.

8 0

3 years ago

Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its

uranmaximum [27]

Answer:Incomplete Question, You omitted the values for the following

supplies remaining at year-end: $700

Wages earned by workers but not yet paid at year-end: $500

Explanation:

1. To Record the journal entries required for December, excluding the December 31 year-end adjusting entries.

Cash Paid for prepaid insurance

Date Account and Explanation Debit Credit

1st Dec Prepaid Insurance $24,000

Cash $24,000

Supplies purchased in cash

7th Dec Supplies $2000

Cash $2,000

13th Dec No ENTRY Roland Co agreed to do but has not done itr yet.

Advance received from ABX

24th Dec Cash $4,000

Unearned Revenue $4,000

2. To Record the December 31 year-end adjusting entries for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue.

Insurance expense

Date Account and Explanation Debit Credit

31st Dec Insurance Expense $1,000

Prepaid Expense $1,000

Calculation.24 month insurance policy for $24,000 cash.

Insurance for a month = 24,000/24= 1000

Supplies Expense

Date Account and Explanation Debit Credit

31st Dec Supplies Expense $1,300

Supplies $1,300

Calculation :purchased supplies for $2,000 --supplies remaining at year-end, $700= $1,300

To record Wages earned by workers but not yet paid at year-end: $500

Date Account and Explanation Debit Credit

31st Dec Wages Expense $500

Wages Payable $500

Service Revenue from Telo

Date Account and Explanation Debit Credit

31st Dec Accounts receivable $6,000

Service Revenue $6,000

calculation=Job Completion at Year-End x received cash of worth of work for Telo = 60% x 10,000 = %6,000

Service Revenue from Abx

Date Account and Explanation Debit Credit

31st Dec Unearned Revenue $1,000

Service Revenue $1,000

calculation=Job Completion at Year-End x cash in advance to perform work = 25% x 4,000 = $1,000

3. Journal entry for January

Payment Of wages recorded

Date Account and Explanation Debit Credit

5 Jan Wages Payable $500

Wages Expense (800-500) $300

Cash $800

Payments from Telo Recorded

Date Account and Explanation Debit Credit

12 Jan Cash $10,000

Account Receivable $6,000

Service Revenue(10,000-6000) $4,000

8 0

3 years ago

Shelton Co. purchased a parcel of land six years ago for $874,500. At that time, the firm invested $146,000 in grading the site

Oliga [24]

Answer:

$926,000

Explanation:

For computing the initial cost of the warehouse project, we consider the current value of the land i.e represent the opportunity cost and the land value which is purchased six years ago for $874,500 represent the sunk cost which is not recoverable now. So, this sunk cost is not relevant.

And, the lease cost is also not relevant as the lease period will be ended soon.

All other information which is given is not relevant. Hence, ignored it

3 0

3 years ago

The scarcity problem:- Persists only because countries have failed to achieve continuous full employment.- persists because econ

ladessa [460]

Answer:

Persists because economic wants exceed available productive resources.

Explanation:

According to Lionel Robbins, Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

The problem of scarcity is that our wants are always beyond what we can produce with our resources.

Economics is the solution to this problem of what resources to use, how best to use them, and when to use them.

Because of this scarcity, all people have to make choices. When making choices, we assess the opportunity cost or the alternative forgone.

The opportunity cost of taking action is what we could have got if we had taken an alternative action.

3 0

3 years ago

A current warehouse system has five warehouses with 4,000 units at each warehouse. The company desires to change to three wareho

miskamm [114]

Answer:

Correct option is C.

15492 is the average ware-house inventory level.

Explanation:

A current warehouse system has five warehouses with 4,000 units at each warehouse. The company desires to change to three warehouses to become more centralized and keep the same customer service levels.

Average warehouse inventory levels =4000*5*(3/5)0.5 =15492

3 0

3 years ago