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Fofino [41]
3 years ago
8

When hope springs purchases refillable bottles for its water, it submits its orders directly from its computer system to its sup

plier's system. this is an example of?
Business
1 answer:
Ipatiy [6.2K]3 years ago
6 0

Answer:Electronic data interchange (EDI)

Explanation:

Because manual operation in business tend to cause sluggish processing of documents, Electronic data interchange (EDI) is adopted which  is the use of standard electronic format to  replaces paper-based documents like purchase orders or invoices, postal mail, fax so that business operations and recordings can flow straight through to the appropriate application.

Using a standard format like ANSI, EDIFACT etc for  EDI documents is necessary so that computers in use understands each piece of information is and in what format it should document so as to pass relevant information to a receiver.

Because the exchange of EDI documents is typically between business partners, Electronic Data Interchange is important because it helps to eliminates manual data entry errors ,Streamline transaction processing  leading to Increases productivity because it easier and more cost-effective since business do not require more staff.

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On January 1, Year 1, Michael sold a property with a remaining useful life of 20 years to Wei Co. for $800,000. On the same date
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Answer:

The section of the Accounting Standards Codification that best helps Michael Co. to determine how the initial proceeds of $800,000 received from Wei Co. (buyer-lessor) are recognized is:

ASC 606.

Explanation:

This section that will help Michael Co. to determine if the transaction qualifies as a sale, which is treated under ASC 606, Revenues from Contracts with Customers.  Thereafter, the lease classification criteria in ASC 842 are evaluated.  After the evaluation, if none of the criteria from ASC 842 are met to account for the lease as a finance or capital lease, the seller-lessee would classify the lease as an operating lease.  This implies that the transaction qualifies as a sale and leaseback transaction.

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3 years ago
Barb works in a local factory. She receives 92 cents for each of the first 100 units she produces and $1.01 for each unit over 1
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Answer:

The correct answer to the following question is $112.20.

Explanation:

Given information -

Barb receives 92 cents for the first 100 units

And if she produces more than 100 units , then she would receive $1.01 for each of the additional unit she produces

Therefore the amount she earns up to 100 units - .92 x 100

= $92

The amount she earns on the additional units - $1.01 x 20

= $20.20

The total amount she earns = $92 + $20.20

= $112.20

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3 years ago
"It is legal to write a check when your account does not have funds to cover it."A. TrueB. False
Vitek1552 [10]
The answer you are looking for is false
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Gato Inc. had the following inventory situations to consider at January 31, its year-end. (a1) Identify which of the following i
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Answer:

A) Should not be included in inventory but included in Steele Corp's inventory

B) Should be included in inventory

C) Should be included in inventory

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Explanation:

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B) Should be included in inventory

C) Should be included in inventory

D) Should not be included in inventory because once they are shipped, they become the buyers property.

E) Should not be included in inventory but suppliers inventory.

F) Should be included in inventory

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A new operating system for an existing machine is expected to cost $570,000 and have a useful life of six years. The system yiel
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