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
liubo4ka [24]
3 years ago
7

Which statement about journal entries in QuickBooks Online is true?

Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:

C. Your client can’t create an Adjusting Journal Entry.

Explanation:

In QuickBooks Online Accountant you (the accountant) make the adjusting journal entries, not your clients. It is like saying that you operate yourself while your doctor drinks coffee besides your bed.

the other options are wrong:

A. A Journal Entry cannot be used to account for depreciation of an asset.  ⇒ FALSE, QuickBooks doesn't automatically depreciate an asset, the user must do this through journal entries.

B. The Accountant user can’t create an Adjusting Journal Entry in QuickBooks Online.  ⇒ FALSE, when using QuickBooks Online Accountant you can create adjusting entries just like any other regular entry.

You might be interested in
If amazon had decided to design and manufacture the kindle and all its components in the united states, what do you think the co
Scrat [10]

Answer:

Brief summary of the case:

The case deals about the evolution of kindle by Company A. When the company decided to introduce kindle, its price was $399 in 2007. Company A understood that to be successful against the huge competitors, kindle must be priced low. It must be highly reliable, many features and elegance must be provided in the design of kindle. "Company A- designed kindle in State C where the research and development expertise is available.

Market research firm "IS," estimated that the manufacturing cost of kindle is about $185. The expensive components of the kindle are the display used in the Electronic ink technology and wireless cord. Company A contracted with Country C's company to produce the display. A manufacturer in Continent A produced a wireless cord of $13. Many components were contracted to the different countries to reduce the cost of the kindle to be competitive. Now, kindle became the competitor to the massive companies.

Determine if the company has decided to manufacture all the components of Electronic reader K in Country U:

If Company had decided to manufacture all the components in Country U, then it would have been more expensive. Company A cannot sell that at an affordable price. Increase in the cost of the components would increase the overall cost of the Electronic reader K. The most important strategy of Company A is to minimize the cost of the product to increase the number of sales.

Increase in the manufacturing cost will dilute their competitive advantage and it increases the cost of the product. It will lower the sales and the buyers would prefer to use the competitors' products, which are cheaper.

Determine if the company has decided to manufacture all the components of Tablet F in Country U:

It would be expensive if they decide to manufacture the components in Country U. It will not affect the sales number like Electronic reader K. as Tablet F is multipurpose. People will prefer quality and specifications than price.

Conclusion:

Manufacturing in Country U would be expensive and it increases the overall cost of the product. It would affect sales of the products.

3 0
3 years ago
Rico does not work for Street Bikes Company, but wrongfully obtains inside information concerning the firm. Based on the informa
Juli2301 [7.4K]

Answer: The misappropriation theory

Explanation:

 The misappropriation theory is basically describe about the various types of security fraud violation against the data source.

It is basically uses for the insider trading and when the individual person misusing the confidential data or information and also violating all the securities laws.

According to the question, the given argument is basically describe about the misappropriation theory.

Therefore, The misappropriation theory is the correct answer.  

5 0
3 years ago
Investment Management Inc. (IMI) uses the capital market line to make asset allocation recommendations. IMI derives the
algol13

Answer:

The expected return that IMI can provide subject to Johnson's risk constraint is 8.5%

Explanation:

Capital Market Line (CML)

Expected return on the market portfolio, E(r_m) = 12 %

Standard deviation on the market portfolio, σ_p = 20%

Risk-free rate, r_f = 5%

E(r_c) =  r_f + [  E(r_p)  - r_f ] × ( σ_c ÷ σ_p)

         = 0.05 + [ 0.12 - 0.05] × (0.10 ÷ 0.20)

= 8.5%

5 0
3 years ago
You explain the concept of smarketing meetings to your leadership team, and one person asks, "How often do we need to have these
Black_prince [1.1K]
<h2>Depending on the need would be the apt answer for this type of question.</h2>

Explanation:

Employees normally consider meeting as waste of time, or they might sell products instead of attending meeting. We must re-insist the purpose of meeting.

Meeting,

  • can make employer understand employee better and vice-versa
  • is to communicate latest update, expectation
  • is to track current events and to hand-hold wherever necessary
  • is to review the road map to reach the organizational goals
  • is to appreciate the best work so that it would be a motivational factor for everyone
  • meant to trigger the work more efficiently

The meeting are organized to support both organization and employees to be on track and it is scheduled only as per need. So it is not often and whenever it is essential.

5 0
3 years ago
The master budget of Windy Compay shows that the planned activity level for next year is expected to be 50000 machine hours. At
almond37 [142]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The master budget of Windy Compay shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 210000 Depreciation on factory building 150000

Total manufacturing overhead $1,260,000

A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of:

Variable overhead= 720,000 + 180,000 + 210,000= 1,110,000

Unitary variable overhead= 1,110,000/50,000= 22.2

For 60,000 units:

Total overhead= 22.2*60,000 + 150,000= $1,482,000

3 0
3 years ago
Other questions:
  • Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct
    7·1 answer
  • Intuitiv Manufacturing's large plastics molding machine suddenly broke down during its day shift. When considering the purchase
    9·1 answer
  • Shao Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million and will pr
    9·1 answer
  • 1. Discuss how core factors, cues to quality, and interpersonal factors of a product influence your buying decisions. Discuss wi
    11·1 answer
  • When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage, and market price will l
    12·1 answer
  • (a) suppose that a homeowner converts part of an existing family room in her house into a new bathroom. what is the expected inc
    6·1 answer
  • BreeTek is a cybersecurity company. The company has set up offices in all the major countries in the world. Software developers
    6·1 answer
  • Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount th
    14·1 answer
  • At the beginning of 2018, Artichoke Academy reported a balance in common stock of $168,000 and a balance in retained earnings of
    12·1 answer
  • Exercise 4-36 (Algo) Application of Overhead [LO 4-4, 4-6]
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!