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xenn [34]
3 years ago
7

Software that manages "back office" functions such as billing, production, inventory management, and human resources management

is called ________ software. Select one: A. accounting B. enterprise resource planning C. customer relationship management D. project management
Business
1 answer:
romanna [79]3 years ago
5 0

Answer:B. Enterprise resource planning

Explanation: Enterprise resource planning (ERP) is a term used to describe the various softwares that are used by Organisations to manage their operations real time and online. Enterprise resource planning software are available in different fields or firms based on the nature of operations.

Enterprise resource planning softwares have been likened to be a "back office" or a "virtual office" where the various operations such billing, inventory management,sales, manpower services are documented and followed real time using internet and Computer resources.

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Retained earnings: Multiple Choice Are never adjusted for anything other than net income or dividends. Represents the amount sha
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Answer:

Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception

Explanation:

Retained earning is the balance of a company's profit that is retained after the distribution of dividend declared to it's shareholders.

A company that makes profit at the end of a reporting period usually make dividend declaration to its shareholder. The accumulation of these declarations are then taken out of the profit earned by the company. The balance when dividends declared(since it's inception) by the company is taken out from its profit, including any net losses is known as retained earning.

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4 years ago
What is a product line? Why are they used and how do companies determine what to use and how to adjust what is being used?
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8 0
3 years ago
Using the attached sheet (or a spreadsheet if you prefer), prepare a classified balance sheet for the ABC, LLC for the year ende
charle [14.2K]

Answer:

ABC, LLC

Classified balance sheet as at December 31, 2020

                                                                                              $

ASSETS

Non - Current Assets

Land                                                                                 25,000

Total Non - Current Assets                                             25,000

Current Assets

Accounts Receivable                                                        3,000

Cash                                                                                 20,000

Total Current Assets                                                       23,000

TOTAL ASSETS                                                               48,000

EQUITY AND LIABILITIES

LIABILITIES

Non - Current Liabilities

Notes Payable (due in 5 years)                                      10,000

Total Non - Current Liabilities                                        10,000

Current Liabilities

Accounts Payable                                                            4,000

Salaries Payable                                                              5,000

Total Current Liabilities                                                   9,000

TOTAL LIABILITIES                                                         19000

EQUITY

Common Stock                                                                1,000

Preferred Stock                                                               8,000

Treasury Stock                                                                6,000

Retained Earnings                                                          7,000

Paid in Capital in Excess of Par - Common Stock       17,000

Paid in Capital in Excess of Par - Preferred Stock       2,000

TOTAL EQUITY                                                              41,000

TOTAL EQUITY AND LIABILITIES                                60,000  

Explanation:

A classified balance sheet shows the Assets, Liability and Equity Balances in their respective categories as shown above.

8 0
3 years ago
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