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DIA [1.3K]
3 years ago
9

Olive Inc., a chain of retail outlets, is converting its existing billing systems to a more robust online tool. In this process,

the organization runs both the old and the new systems to compare their performances. In this case, the company is implementing the new system using ________ installation.A) parallelB) pilotC) plungeD) phased
Business
1 answer:
Julli [10]3 years ago
6 0

Answer:

A) parallel

Explanation:

Based on the scenario being described within the question it can be said that the company is implementing the new system using parallel installation. This is a strategy in which a new system is slowly implemented in order for it to take over the role of the older system, but both run simultaneously in the meantime. Such as is happening with the new and old billing system in this situation.

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At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales of $823,000. Chan records it
Rudiy27

Explanation:

The journal entries are as follows

On December 31

Bad debt expense Dr  $4,115        ($823,000 × 0.50%)

       To Allowance for doubtful debts  $4,115

(Being the bad debt expense is recorded)      

On Feb 01

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      To Account receivable $412

(Being the uncollectible amount is recorded)

On June 5

Account receivable $412

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(Being the  uncollectible amount is recorded)

On June 5

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5 0
3 years ago
As
Sergio039 [100]

Answer:

Statue of limitations

Explanation:

5 0
2 years ago
The ______ requires that if a new employee had group health insurance at a previous employer and the new employer has healthcare
IRINA_888 [86]

Answer:

The correct answer is C. Consolidated Omnibus Budget Reconciliation Act.

Explanation:

COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. This law guarantees employees the right to make payments for group medical insurance in order to maintain the insurance they would otherwise lose after:

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4 0
3 years ago
All over-the-counter receipts are entered in cash registers.
Anna71 [15]

Answer:

(a) Physical controls

(b) Human resource controls

(c) Independent internal verification

(d) Segregation of duties

(e) Establishment of responsibility

Explanation:

(a) All over-the-counter receipts are entered in cash registers. That is an example of the physical controls principle.

(b) All cashiers are bonded. That is an example of the human resource controls principle.

(c) Daily cash counts are made by cashier department supervisors. That is an example of the independent internal verification principle.

(d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. That is an example of the segregation of duties principle.

(e) Only cashiers may operate cash registers. That is an example of the establishment of responsibility principle.

4 0
3 years ago
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What are the top three types of sole proprietorships and percentages?
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Self-Employed Business Owner. A self-employed business owner is someone who conducts a trade or business with the intent of making a profit. ...
Independent Contractor. ...
Franchise.
5 0
3 years ago
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