All categories

3 years ago

What is a common workflow error that can cause duplicate expenses in QuickBooks Online?

Business

1 answer:

kow [346]3 years ago

5 0

Answer:

A common workflow error that can cause duplicate expenses in QuickBooks Online is:

Duplicating any transaction.

Explanation:

The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.

You might be interested in

The Alto Horns Corp. is planning on introducing a new line of clarinets. They expected EBIT is $900,000. The unlevered cost of e

Vitek1552 [10]

Answer:

The correct option is B,correct annual cash flows to be used under WACC method is $640,000

Explanation:

Expected earnings before interest and tax is $900,000

interest expense on the 10% interest perpetual debt=10%*$1000,000=$100,000

earnings before tax=EBIT- interest expense=$900,000-$100,000=$800,000

earnings after tax=earnings before tax-tax expense

tax expense=earnings before tax*20%=$800,000*20%=$160,000

earnings after tax=$800,000-$160,000=$640,000

The correct amount of annual cash flow to be used under weighted average cost of capital method is $640,000 which after interest on debt and taxes have been deducted.

4 0

4 years ago

Brian wants to buy a mare that he can breed to help develop a horse operation. Larson offers to sell Brian a horse that Larson b

aev [14]

Answer:

The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.

Explanation:

Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.

4 0

3 years ago

The annual price increase for consumer goods and services measured by the Bureau of Labor Statistics is called ________.

Mazyrski [523]

Answer:

The correct answer is "consumer price index"

Explanation:

The average of the prices paid by customers for goods and services, belonging at the fixed market basket is called Consumer Price Index (CPI). The consumer price index is an excellent measure or indicator of inflation. It's calculated and measured by the Bureau of Labor Statistics.

3 0

3 years ago

The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has

Darya [45]

Answer:

The correct answer is option 4.

B. The correct answer is option 3.

Explanation:

The seaport town here became extremely popular with shipping countries due to its location. It increased the demand for docking at the port. As a result, the port became congested and ships must wait for hours. This is an example of market failure.

Here, the market is not able to efficiently allocate the product. The demand for the port is higher than what the market is able to supply efficiently.

A command economy can be defined as the economy in which the activities are controlled by any central agency, generally a government.

The Mayor instead of controlling if tries to solve the problem through the working of the market forces then it would be farthest from a command economy. If Mayor intervenes in any way then it is a command economy.

6 0

3 years ago

According to Sullivan, which of the following happens in stressful situations?

barxatty [35]

The correct answer is b

6 0

3 years ago

Read 2 more answers