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Marysya12 [62]
3 years ago
14

Suppose a small manufacturing business wishes to have a system to manage all its vital business operations, they should go for a

(n) _______. a. decision support system b. transaction processing system c. management information system d. enterprise resource planning (ERP) system
Business
1 answer:
Stella [2.4K]3 years ago
7 0

Answer:

The correct answer is d) enterprise resource planning (ERP) system

Explanation:

Enterprise resource planning (ERP) is a system utilized by corporations to administrate their businesses, implementing the resources to plan and integrate all of the processes needed to run their companies with a single system. An ERP software system combines planning, human resources, sales, marketing, finance and purchasing inventory.

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Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Co. issues 44,500 share
steposvetlana [31]

Answer and Explanation:

The journal entries are shown below;

On March 1

Cash A/c $303,500

     To Common Stock $3 Par value (44,500 × $3) $133,500

       To Paid in capital in excess of par value $170,000

(Being the common stock issued is recorded)

On April 1

Cash $74,000

      To Common Stock, no par value $74,000

(Being the common stock issued is recorded)

On April 6

Inventory $43,000

Machinery $155,000

 To Common Stock (2,400 ×$20) $48,000

 To Notes payable $93,000

  To Paid in capital in excess of par value $57,000

(Being the shares are issued)

3 0
3 years ago
Francine installed a new pool for $11,320 using a 12-month deferred payment plan with an interest rate of 20.67%. what is the ba
mr_godi [17]
<span>$11,320 with its interest rate over the year will be $13659.84. If Francine paid $436 each month for a year he would have paid off $5232 in a year. His debt balance would still be remanding at $8427.84. Francine will have paid off a large amount of his payment plan with the company however he will still be required to spend 18 months or so to pay back what he owes as there was a a 20.67% interest sum added to his payment plan with the company.</span>
3 0
3 years ago
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data
s344n2d4d5 [400]

Answer:

a. Profit(loss) = Total revenue - Total expenses

= 131,000 - 90,500

= $41,000

The company did in fact generate<u> profit of $41,000 </u>and this can be shown from the Income Statement which is where profit or loss is calculated.

b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:

Assets = Cash + Accounts Receivable + Supplies

= 30,800 + 25,300 + 40,700

= $96,800

Liabilities are just the Accounts Payable of $25,700.

<em>Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities. </em>

This information comes from the <u>Balance Sheet</u> which is where assets and liabilities are shown.

7 0
3 years ago
Art is working on a research paper. On Monday, he checked out 19 books from the library. On Thursday, he returned 7 of the books
Oliga [24]
19-7 is 12 Adding 11 more would make it 23
3 0
3 years ago
Read 2 more answers
New Mexico, Inc., sold common stock for $560,000 and preferred stock for $56,000 during the current year. In addition, the compa
laiz [17]

Answer:

The amount of cash provided by financing activities during the year is $545,000

Explanation:

Cash flow from financing activities is the cash inflows and outflows related to the fund of the business.

Cash Flow from financing activities

Inflows

Sold common stock                                                 $560,000

Sold preferred stock                                                <u>$56,000   </u>

Total Cash inflows                                                                     $616,000

Outflows

Company purchased treasury stock                      $47,000

Paid dividends on common and preferred stock <u>$24,000 </u>

Total Cash inflows                                                                     <u>($71,000)</u>

Net Cash flows                                                                         <u>$545,000</u>

3 0
3 years ago
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