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3 years ago

Virus protection ____ and apps require continual updates with information on recently discovered viruses.

1 answer:

7 0

Virus protection software must be updated continually with information on recently discovered viruses. A virus is a small, potentially damaging computer program that can infect a computer without its user's knowledge. Hackers often exploit well-known security vulnerabilities in popular software to spread destructive programs such as viruses.

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Company had net income of $265,307. Depreciation expense is $27,888. During the year, Accounts Receivable and Inventory increase

Dafna1 [17]

option D is the correct answer - $254094

Explanation:

As per the given data in the question, the following is used to calculate the net cash from the operating activities.

Net Income = 265307

Add : Depreciation = 27888

Less Increase in Account receivable = (17637)

Less Increase in Closing stock = ($28123)

Add : Prepaid Expenses ( Decrease) = 2852

Less: Decrease in Accounts payable = (4066)

Add: Loss on sale of Asset ( not Operating in nature) = 7873

Therefore, the Net cash from operating activities = $254094

3 0

3 years ago

Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each div

PIT_PIT [208]

Answer:

OPTIMUS COMPANY

Home Division Responsibility Report For the Year Ended December 31, 2020

The report is attached in form of a variance report with comments. Where the variance is not indicated, it means that it was neither favorable nor unfavorable.

Explanation:

A responsibility report is usually presented by a division that is an investment center. An investment center has responsibility for return on investments.

The investment center takes charge of the cost, revenue, profit, and investments of the division. It is expected to produce returns on its investment that will be favorable to the shareholders of the company. It is directly responsible for profitability of the division vis-a-vis the capital investments made in the center. It is unlike other divisions like cost center, revenue center, and profit center, which narrowly report their performances in accordance with their responsibilities.

This is why it does not only report on the cost, but also the revenue, the profit and the returns on investment achieved during a period. An investment center is, therefore, the largest division of an entity.

Download xlsx

3 0

3 years ago

ne of the most common mistakes new business owners make is A. not establishing a good relationship with a financial institution.

SCORPION-xisa [38]

One of the most common mistakes new business owners make is C. setting unrealistic goals
As a new business owner, you have to determine your goal for your business which is achievable.

3 0

4 years ago

Read 2 more answers

Presented below is information related to Dino Radja Company.

Alja [10]

Answer:

Dino Radja Company

The ending inventory for Dino Radja Company for 2017 through 2022 using the dollar-value LIFO method:

Date Ending Inventory Price Dollar Value

(End-of-Year Prices) Index LIFO

December 31, 2017 $ 80,000 100 $80,000 ($80,000*1.00)

December 31, 2018 115,500 105 110,000 ($115,500/1.05)

December 31, 2019 108,000 120 90,000 ($108,000/1.20)

December 31, 2020 122,200 130 94,000 ($122,200/1.30)

December 31, 2021 154,000 140 110,000 ($154,000/1.40)

December 31, 2022 176,900 145 122,000 ($176,900/1.45)

Explanation:

a) Data and Calculations:

Date Ending Inventory Price Index

(End-of-Year Prices)

December 31, 2017 $ 80,000 100

December 31, 2018 115,500 105

December 31, 2019 108,000 120

December 31, 2020 122,200 130

December 31, 2021 154,000 140

December 31, 2022 176,900 145

5 0

3 years ago

Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing ov

rosijanka [135]

Answer:

Note: The full question is attached below

Date Accounts Title and Explanation Debit Credit

Mar-31 WIP-Fermenting Department $15,971

Raw Material Inventory $9,288

Wages payable $3,305

Manufacturing Overhead $3,378

(Being cost assigned to WIP-Fermenting department)

3 0

3 years ago