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
cupoosta [38]
3 years ago
6

Off-the-shelf accounting software is not adequate to meet the needs of small businesses. True or False True False

Business
1 answer:
BabaBlast [244]3 years ago
8 0

Answer:

True

Explanation:

Small Business face different operational and managerial circumstances compared to <em>established</em> business.

Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.

Thus a customized accounting software is most suitable to meet the needs for small businesses

You might be interested in
What is the last step in planning your budget?
Klio2033 [76]
Review and revisions
8 0
3 years ago
What contributions can a career management program make to an organization that is forced to downsize its operations?
Mashcka [7]
You can use a career specialist to assist you in determining the next step

* Develop a career action plan that focuses your future
* Provides methods to strengthen your negotiation skills.
* Explore career choices based on you knowledge, skills and abilities.
* Communicate your values and unique abilities.
* Increase your chances of being hired by developing a persuasive, accomplishment-based résumé.

7 0
3 years ago
The following information is available for two different types of businesses for the 2014 accounting period. Lewis CPAs is a ser
Alik [6]

Answer:

Lewis CPAs:

service revenue:    60,000

Salaries expense:  (40,000)

Net Income             20,000

Casual Clothing:

sales revenue            60,000

cost of goods sold:   (32,000)

Gross Profit                28,000

operating expense     (7,200)

Net Income                20,800

Explanation:

The net income is the difference between the revenues and expenses.

For Casual Clothing we also need to calcualte the gross profit which is, the difference between the sales revenue and the cost of  the good sold.

After that, we subtract the other operating expense to arrive the net income

5 0
3 years ago
On July 1 of the current year, Marcia purchases a new home and borrows $320,000. Marcia is required to pay two points on the loa
Masja [62]

Answer:

$6,400.

Explanation:

Because these points are paid in connection with the purchase of a principal residence, Marcia may deduct $6,400 ($320,000 × 2%) as interest expense during the current year.

4 0
3 years ago
On January 1, Bramble Corp. had 61,200 shares of no-par common stock issued and outstanding. The stock has a stated value of $4
o-na [289]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
Other questions:
  • Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single
    15·1 answer
  • Thad, Jamarcus, and Willy have been working for Davidson International each for three years. While the trio started together as
    9·1 answer
  • The following are selected 2017 transactions of Sean Astin Corporation.
    6·1 answer
  • Hess Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100
    10·1 answer
  • Mike and David signed a loan agreement together to borrow money for a boat. If David leaves town and cannot be found, what happe
    10·2 answers
  • A decline in total real output for two or more consecutive quarters is referred to as
    13·1 answer
  • Suppose that the S&amp;P 500, with a beta of 1.0, has an expected return of 13% and T-bills provide a risk-free return of 4%. a.
    12·1 answer
  • Describe three different financial decisions and their opportunity costs.
    6·2 answers
  • A model of demand predicts that a rise in price will cause a decrease in the quantity of a good consumers want to buy anda in pr
    6·1 answer
  • 5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opport
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!