1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
igomit [66]
3 years ago
7

When journalizing a transaction, a short explanation may be written A : on the line following each journal entry. B : at the bot

tom of the ledger. C : on the line preceding each journal entry. D : to separate the debit and credit entries.
Business
1 answer:
larisa [96]3 years ago
4 0

Answer:

The correct answer is letter "A": on the line following each journal entry.

Explanation:

<em>Brief descriptions</em> can be added after each entry of the journal whenever necessary. The note must be included in the next line of the entry that might need extra explanation or clarification. <em>Accuracy </em>is relevant for accounting purposes since companies tend to be audited and they must demonstrate their transactions are transparent.

You might be interested in
In which of these instances is the hotel staff member communicating positively?
MrRissso [65]

The answer is A. A restaurant manager greets customers mechanically at the entrance.

7 0
3 years ago
In its income statement for the year ended December 31, 2020, Kingbird, Inc. reported the following condensed data.
tekilochka [14]

Answer and Explanation:

The preparation of the multiple-step income statement is shown below:

Net Sales $2,415,700

Less: Cost of goods sold $1,314,300

Gross profit $1,101,400

Less: Operating expense -$736070

Operating income $365,330

Other revenue    

Add: Interest revenue $31,590

Other expense    

Interest expense $74,650

Loss on disposal of plant assets $18,990 $93,640 -$62,050

Net income $303,280

6 0
3 years ago
Identify the goal of outsourcing governance procedures. Group of answer choices To report on the fairness of the presentation of
VashaNatasha [74]

Answer:

To ensure that the outsourcing initiative succeeds, even as personnel, business needs, and operating conditions change

Explanation:

Outsourcing

This is simply regarded as a form of an arrangement through which one company in contact with another organization mainly to give or provide services that ordinarily could be provided by company employees.

Reasons why organizations outsource

1. To cut costs

2. To improve focus

3. To upgrade capabilities and services

4. Fasten or accelerate time to market etc.

There are several issues associated with outsourcing. They includes:

1. There is the problem of decreasing employee Morale

2. Quality problems

3. Legal issues

3. Negative impact on customer relationships and satisfaction

4. Data security and integrity issues etc.

The objective of outsourcing is to save money and/or provide better service. It aim to lessen or free up development staff to cutoff peaks and valleys in the staffing cycle.

7 0
3 years ago
1. Determine the trade-offs of implementing an ERP system in the company versus buying best of breed software and using middlewa
almond37 [142]

Answer:

Throughout the clarification segment follows, the context of the concern is mentioned.

Explanation:

(a)

  • There seem to be different divisions of every company, such as ordering, production management, engineering, finance as well as ordering management, and marketing. Previously, with each company maintaining their everyone else's collection of information, these same government agencies used to collaborate throughout silos, resulting in redundant systems but so much time and energy during peaceful coexistence.
  • By facilitating cross-functional transfers, ERP packages support organizations. These bundles, for example, come up with all these financial, ordering, balance sheets, accounts receivables, fully organized cash equivalents for one another and, and therefore also companies no longer have to store different copies of records. The numerous divisions can navigate the purchasing order that is raised throughout the framework.

(b)

  • The future effect including its company's introduction to the ERP system would make communication with suppliers healthier and more streamlined. To strengthen the distribution network, collaboration with vendors can enhance communication and exchange knowledge utilizing innovative software.
  • For clients, this new ERP deployment framework will satisfy the existing domain's scalable specifications.

(c)

  • If the organization wanted to stick in the new method that was being non-synchronous and unreliable through its service, the likely implications for the immediate future seem to be the corporation's defeat with loss. There was no standard program or software kit used by the new framework for the whole enterprise and the complete IT arrangement was then disintegrated.
  • The void of misunderstanding might expand if the government continues this very same method, combined with a lack of improvement in order fulfillment and procurement of materials. The attorney general's office and accounting would not have been able to assemble the tremendous pricing information that would not operate the shop in a successful direction instead of always get knotted in tech problems.

(d)

  • The organization's overall nature includes an optimized application suite to be adopted, which is standardized for the whole workplace. The entire organization should be trained by a similar arrangement running on a single platform. Software besides inventory control, accounting, business development, capital structure, but most project management should be included in this effort and compliance.
  • Effectiveness cloud-based software could allow the management to configure the program according to its preferences and then use it for particular purposes without buying everything at once. This ERP implementation seems to be profitable for the organization in terms of the current culture and community, as well as for the organization's strategic accomplishment.

4 0
3 years ago
Price supports (such as those placed on agricultural goods) Select one: a. are designed to benefit suppliers. b. hurt demanders
Nonamiya [84]

Answer:

The correct answer is letter "E": generate all of the above consequences.

Explanation:

Price supports, mostly known as price floors, are set by the government to protect producers of certain goods and services. By doing so, the product prices will have a minimum that cannot be trespassed. This is to make sure <em>producers can continue with their operations at least earning a minimum profit margin.</em>

<em>The counterpart, the demanders, are affected because their purchasing power is decreased by setting the price at a certain level without the option of going down from there. Besides, the higher the price, the more taxes consumers will be paying. The disadvantage of price floors is surplusses in production that are the result of demanders not being able to pay the price set by the government. Eventually, government agencies purchase the surplus quantity in an attempt to keep the equilibrium in the market.</em>

8 0
4 years ago
Other questions:
  • Which business risk is avoidable with proper precautions? A. Machine breakdown B. obsolescence of fixed machinery. C. natural ca
    6·2 answers
  • An investment offers a total return of 15 percent over the coming year. Janet Jello thinks the total real return on this investm
    9·1 answer
  • The influence of Asian countries is evident in the use of A. fiberglass and plastic. B. rattan and wicker. C. ormolu. D. overstu
    14·1 answer
  • E9-24 (similar to) Sierra Mountain Mining paid $ 598 comma 100 for the right to extract mineral assets from a 450 comma 000​-ton
    6·1 answer
  • Which describes a type of tax that funds city programs?
    10·1 answer
  • Symbic Foods, a chain of fast food restaurants, has included a drop-down menu on its main Web site. With this drop-down menu, pe
    14·1 answer
  • The taxes on a property were $4,800. The closing took place on June 15th. What is the seller's share of the taxes? Use the 30-da
    9·1 answer
  • When determining the best way to motivate employees, why shouldn't managers rely solely on HR staff for directions. (check all t
    12·1 answer
  • Paving LLC is a foreign limited liability company in the state of Ohio. In dealing with Paving, Ohio will apply the law of the s
    15·1 answer
  • What drives the beef industry to feed so much grain feeding? Explain
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!