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ANTONII [103]
3 years ago
13

Johnson works in a retail store and updates all the sales records by the end of the day. He needs to send the weekly sales repor

t to his
supervisor. Which type of data processing technique will he use to carry out his duties efficiently?
Johnson will use (. ) the
processing system to update the sales records and send a weekly report to his supervisor.
Business
1 answer:
Luba_88 [7]3 years ago
6 0

Answer:

Johnson will use the data processing system.

Interactive processing is the simplest way to work on a system. You log in, run commands which execute immediately, and log off when you've finished. You can use either the command line or a graphical environment

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False the business must assist in clean up if homes
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3 years ago
Read 2 more answers
Morgan Sondgeroth Inc. began operations in January 2018 and reported the following results for each of its 3 years of operations
stepan [7]

Answer:

Part A) Book Value = $1,080,000

Part B) Book Value = $1,050,000

Explanation:

Part 1: To compute the book value of the common stock at December 31, 2020

To do this, we consider both the preferred and common stock values as follows:

Stockholder's equity:

<u>Preferred Stock = $500,000</u>

<u>Common stock = $750,000</u>

Retained earnings: To calculate retained earnings we need to deduct dividends in arrears to prefered stock holders and then ascribe the remaining value to retained earnings.

Dividend in Arrears= 3 years @ 8% interest per year

= 500,000 x 0.08 x 3= $120,000

<u>Remaining earnings for available to common share holders </u>

= Retained earnings balance- dividend paid to prferred stock holders.

=$800,000 (net income for 2020)- $40,000 (net loss for 2019) - $260,000 (net loss for 2018)

= $800,000-$40,000-$260,000

= $500,000 - Dividend in arrears

= $500,000- $120,000

= $380,000

<u>Book Value of Stockholders' equity</u>

Common Stock equity + Balance of retained earnings

= $700,000 + $380,000

= $1,080,000

The book value per share = $1,080,000/ outstanding shares

= $1,080,000/750,000= $1.44

Part 2: To compute the book value of the common stock at December 31, 2020 Preference stock has liquidating value of $106 per share

Stockholder's equity:

<u>Preferred Stock = $500,000</u>

Preferred stock liquidating premium = (106-100) x 5000

= $6 x 5000= $30,000

<u>Common stock = $750,000</u>

Retained earnings: To calculate retained earnings we need to deduct dividends in arrears to prefered stock holders and then ascribe the remaining value to retained earnings.

Dividend in Arrears= 3 years @ 8% interest per year

= 500,000 x 0.08 x 3= $120,000

<u>Remaining earnings for available to common share holders </u>

= Retained earnings balance- net losses from previous years - dividend paid to prferred stock holders - liquadating premium to preferred stock

=$800,000 (net income for 2020)- $40,000 (net loss for 2019) - $260,000 (net loss for 2018)

= $800,000-$40,000-$260,000

= $500,000 - Dividend in arrears - liquidating

= $500,000- $120,000- $30,000

= $350,000

<u>Book Value of Stockholders' equity</u>

Common Stock equity + Balance of retained earnings

= $700,000 + $350,000

= $1,050,000

The book value per share = $1,080,000/ outstanding shares

= $1,050,000/750,000= $1.4

6 0
3 years ago
A company sold a machine that originally cost $250,000 for $120,000 when accumulated depreciation on the machine was $100,000. t
Ghella [55]
$250000-$100000=$150000
$150000-$120000=$30000

So it's a gain, a gain of $30000
Hope this helps.
7 0
3 years ago
The balance sheet of Sub America reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectivel
Rudiy27

Answer:

$42,500

Explanation:

Given that,

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = (Beginning total assets + Ending total assets) ÷ 2

                                   = ($400,000 + $450,000) ÷ 2

                                   = $425,000

Return on assets = 10%

Net Income ÷ Average total assets = 0.1

Net Income ÷ $425,000 = 0.1

Net Income = 0.1 × $425,000

                   = $42,500

Therefore, the Sub America's net income for the year is $42,500.

6 0
3 years ago
At the beginning of the project, it may not be possible to estimate the costs for all activities with a level of confidence rega
Marina CMI [18]

Answer: Longer-term project

Explanation:

At the beginning of a project, it may not be possible to estimate the costs for all activities with some levels of confidence regarding their accuracy if the project isn't a short-term project, because it's not really possible to accurately fortell the costs of unforseeable outcomes and factors that may affect the project in one way or the other in the long run.

5 0
3 years ago
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