1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gennadij [26K]
3 years ago
6

IT plays a major role in ensuring the accuracy of financial data. T/F

Business
1 answer:
marysya [2.9K]3 years ago
8 0

Answer: True

Explanation:

 Yes, the given statement is true that the IT (information technology) plays an important role for ensuring the financial data accuracy. When settling on business choices, precise money related information is basic.

Large associations commonly have separate department of accounting in the office to do the various function of the accounting , just as accommodate all records, survey the information for exactness, and analysis the information.

It provide the essential data and information and in SEC ( Security and exchange commission) are basically responsible for providing the data and information to the different organization.  

You might be interested in
Career skills refer to the complicated tasks performed on the job <br><br> T or F
aksik [14]
The answer is  fales hope i helped
3 0
3 years ago
Read 2 more answers
All of the following are examples of current account transactions EXCEPT: Elimination Tool Select one answer A The United States
9966 [12]

Answer:

E

Explanation:

the current account of a country measures the value of the trade balance, transfers and the net income

the component of the current account includes

trade balance - it measures the value of the  import and export of goods and services of a country.

net income - measures the value of the income received by a country's residents less the income paid to foreigners

transfers - it includes income sent home by a country's citizens working outside the country

Asset income - measures changes in the asset income

this transaction - China purchases $10 billion of United States government securities - would be included in the capital account

7 0
3 years ago
Given the future value, which of the following will contribute to a lower present value? A. Higher discount rate B. Fewer time p
Natali5045456 [20]

Answer:

D

Explanation:

7 0
3 years ago
Read 2 more answers
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,470,000, $154,000 in the common stock account
devlian [24]

Answer:

The cash flow to creditors during 2014 was $139000,the amount by which net working capital investment has reduced.

The stockholders invested $241,000 more into the business

The net cash flows from asset is the $1,100,000 net firm's capital spending

Lastly,the operating cash flow is $240,000 as calculated below

Explanation:

Net working capital investment denotes the amount of cash the company parted with in 2014 in financing its current obligations.

Stockholders as the owners of the company made more cash available to the company in 2014 by investing more cash resources in it as follows:

Common stock account increased by $10000($164000-$154000)

Additional paid-in surplus increased by $300000($3090000-$2790000)

The gives $400000 cash from stockholders minus dividends of $159000

Operating cash flow

Net income                                    $0

add interest                                   $101000

Reduction in net working capital $139000

Operating cash flow                     $240000

6 0
3 years ago
pure monopolist who is nondiscriminating must decrease price on all units of a product sold in order to sell additional units. T
coldgirl [10]

Answer: b. Marginal revenue is less than average revenue

Explanation:

Marginal revenue is the extra revenue received by selling one more unit of a good while Average revenue is the revenue generated on average by all units sold thus far.

If the monopolist has to reduce prices to sell more goods then it would mean that for every unit sold, the price would have reduced compared to the price of the last unit which translates to less revenue coming in per unit compared to the last unit.

On the other hand, on average, the higher prices of the earlier goods sold would keep the average revenue higher than the additional revenue (marginal revenue).  

8 0
3 years ago
Other questions:
  • Using the information below, compute the raw materials inventory turnover:
    15·1 answer
  • As a result of the tax, the price received by producers , and . as a result of the tax, the price paid by consumers , and total
    8·1 answer
  • Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m
    11·1 answer
  • Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay
    14·1 answer
  • Other things being​ equal, demand is less elastic A. the smaller the percentage of a total budget that a family spends on a good
    5·1 answer
  • Jill lives in a large metropolitan area. She is thinking about starting a senior citizen van service, where she will pick up sen
    9·1 answer
  • If you are gonna make a product what would it be and why? (true situation)
    7·2 answers
  • Which of the following is the LEAST important for providing quality customer service
    5·2 answers
  • Consider two neighboring island countries called Felicidad and Bellissima. They each have 4 million labor hours available per mo
    11·1 answer
  • What is accountancy​
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!