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2 years ago

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]2 years ago

8 0

Answer:

True

Explanation:

Small Business face different operational and managerial circumstances compared to established 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

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Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li

Tatiana [17]

The thing that would interest him the most and is an advantage is that if one partner were to make a mistake, he would not be held accountable for it. Unlike the general partnership where everyone gets equal blame for the downfall of a company, in limited liability it is known what falls under whose jurisdiction and if someone causes the company to go bankrupt, the ones whose fault it's not can't get sued.

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3 years ago

Net loss means expenses is _____ gross profit?

sveticcg [70]

Answer:

net loss means expenses is ____ gross profit?

a. greater than

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d. none of the above

Explanation:

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1 year ago

Stockholders' equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000

Tomtit [17]

Answer:

$131,000

Explanation:

The computation of the ending balance of stockholder equity is shown below:

= Beginning balance of stockholder equity + net income - dividend paid + additional common stock issued

= $94,000 + $24,000 - $9,000 + $22,000

= $131,000

Therefore, the ending balance of stockholder equity is $131,000

We simply added the net income and the additional common stock issued and deduct the dividend paid to the beginning balance of stockholder equity so that the ending balance could come

7 0

3 years ago

Which of these conditions signals that it is likely time to update or eliminate a

Nadya [2.5K]

Answer:

Explanation:

when the record is updated,

5 0

2 years ago

Gonzales Corporation generated free cash flow of $88 million this year. For the next two years,the companyʹs free cash flow is e

vodka [1.7K]

Answer:

A) $1384.24

Explanation:

Terminal Value = Free Cash Flow (FCF) of last forecast *(1+ perpetual growth rate)/(discount rate – perpetual growth rate)

FCF of last forecast = $88*(1+10%)^2 = $106.48

Gonzales Corporationʹs expected terminal enterprise value in year 2 = $106.48 * (1+4%)/(12%-4%) = $1382.24

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2 years ago