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3 years ago

Transaction processing systems are most commonly encountered at the senior management level of an organization.

Business

1 answer:

Roman55 [17]3 years ago

3 0

Answer:

False.

Explanation:

As the name suggests, the Transaction processing system records day to day transactions in the system which is done at the operational level so that the accuracy, reliability of the information could be maintained.

At this level, there are structure decisions that mean it has a set of rules and regulations which the people in the operational level have to follow them

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Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million. The investment will result

Tems11 [23]

Answer:

The payback period for this project is 2.43 years.

Explanation:

Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.85 million.

The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years.

The payback period is the time it takes to cover the investment to be covered by returns.

The investment cost remaining in the first year

= $1,850,000 - $525,000

= $1,325,000

The investment cost remaining in the second year

= $1,325,000 - $812,500

= $512,500

The third year payback

= $\frac{\$ 512,500}{\$ 1,200,000}$

= 0.427

The total payback period

= 2.43 years

6 0

2 years ago

Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with can

oksano4ka [1.4K]

Answer:

Harrison company

Step 1.

Preparation of adjusted Cash Book

Balance as at July 31, 2016 = $40,293

Add: bal. of Deposit by credit customer = ($3,100 - $310) = $2,790

Deduct: Bank Service charge = -$30

Deduct: NSF checks = -$1,750

Deduct: loan repayment plus interest = -$3,870

Adjusted Balance =$37,433

Step 2. Bank reconciliation statement

As at 31st July 2016

Balance as per Bank Statement = $38,293

Deduct: uncleared Cheques = -$8,530

Add: Deposits outstanding = $7,400

Add: over disbursement by bank due for recovery = $270

Adjusted Bank Statement = $37,433

Compared to Adjusted Cash Book = $37,433

Difference = $0.

Step 3.

Journal entries required

Debit Cash Account with $2,790

Credit Account Receivables with $2,790

(Under recorded Customer deposit on sales)

Debit NSF expense = $1,750

Debit Loan Account with $2,900

Debit interest on Loan Account with $970

Debit Bank Charges expense a account with $30

Credit Cash Account with $5,650

(Direct debits to bank account on sundry transactions)

Explanation:

A bank reconciliation statement is presented to reconcile a 3rd party (Bank) statement of our Account and the Account maintained by the business in house.

The objective of the Bank reconciliation statement includes:

1. Identify the missing entries in either records

2. Flag the corrections the Bank needs to do to bring our balance to a correct state

3. Pass Journals to capture entries we have missed out or captured incorrectly

4. Identify unassigned entries for investigation

5 0

2 years ago

Acme, Inc., incurs the following costs during May:

chubhunter [2.5K]

Answer:

Particulars Amount

Raw material used $18,600

Add: Direct labor $26,600

Overhead costs

Factory supplies $3,100

Plant depreciation $6,800

Indirect labor $8,600

Utilities ($10,600*80%) $8,480

Total overhead cost $26,980

Total manufacturing costs $72,180

8 0

2 years ago

The transparency of competitive advantage refers to the extent to which

kolbaska11 [484]

The transparency of a competitive advantage refers to the extent to which COMPETITORS CAN IDENTIFY THE REASONS FOR THE COMPETITIVE ADVANTAGE OF ANOTHER COMPANY.
The transparency refers to the speed at which other companies can identify and understand the relationship of resources and capabilities that is supporting a successful company strategy.

7 0

2 years ago

Suppose the economies of China and India have begun to slow down very rapidly. Based on this scenario

bazaltina [42]

Answer:

The correct answer is C

Explanation:

Economies means the state of the region or the country in relation to the consumption and the production of the services and the goods and also the supply of the money.

If the economies of the India and the China, will be slow down, then the loanable funds as well as the interest rates will increase because the money for liquidity will be negligible which lead to competition among using the money for personal consumption or to delay the consumption through lending the money out.

6 0

3 years ago