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fomenos
3 years ago
9

A computerized accounting system a.can be used to report only special reports that are too difficult to prepare manually. b.is u

sed to enter only unique information. c.simplifies the record-keeping process for the company. d.ensures that fraud will never occur within the company using it.
Business
1 answer:
trapecia [35]3 years ago
4 0

Answer:

C

Explanation:

A computerized accounting system is a software program that is stored on a company´s computer, network server, or remotely accessed via the internet and it can be a great benefit for a business. It can help streamline ccounting steps and help minimize errors.

Labor saving is the main aim of introduction of computers in accounting. It refers to annual savings in labor cost or increase in the volume of work handled by the existing staff.

Savings in time in another adg¿vantage. Time saved by using computers may be used for other jobs.

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1 year ago
Explain why to maximize profits a firm needs to produce an output at a level where marginal revenue
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Answer:

Rest of question:

... equals marginal cost.

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As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.

This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.

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- What is the conventional wisdom when it comes to what good debt is vs. bad debt?
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Which repayment plan will you be placed on automatically?
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2 years ago
A small foundry agrees to pay $220,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to
MaRussiya [10]

Answer:

A) $24,602

Explanation:

We can solve this question by finding the periodic deposits needed by using the formula:

FV=PMT*\frac{(1+i)^n-1}{i}

where:

FV= future value   = $220,000

PMT = periodic deposits required = ???

i = effective  interest rate per period = 0.0331

n= number of deposits = 8

However, since the interest is compounded monthly, let's also  calculate the effective interest rate

Effective interest rate = (1+\frac{r}{m}) ^m-1

where; r = 12.5% = 0.125

(1+\frac{0.125}{12})^{12} -1

= 0.1324

Interest rate per period = \frac{0.1324}{4}

= 0.0331

Then;

220,000=PMT*\frac{(1+0.033)^8-1}{0.033}

220,000 = PMT × 8.986

PMT = \frac{220,000}{8.986}

PMT = $ 24,482.5

Since A) $24,602 is closer to $ 24,482.5

Therefore,  $ $24,602  must be deposited every three months

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