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3 years ago

Which of the following is a task commonly performed using GAS?

Business

1 answer:

Inga [223]3 years ago

8 0

Answer:

The correct answer is letter "E": All of the above.

Explanation:

The Generalized Audit Software or GAS is a computer-based tool designed to carry out routine audits inside a company. It imports generalized data so then samples can be browsed to later be analyzed. The data is stored based on certain criteria identifiers for easiness in the search. Besides, confirmations of account receivables can be printed from the software.

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Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on

BabaBlast [244]

Answer:

Clem should specialise in wheat production because he has higher profits there

Explanation:

Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.

If he produces only wheat he will have profit of 75 bushels * $2 = $150

If he produces only barley his profit will be 125 bushels * $0.80 = $100

This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.

6 0

3 years ago

Read 2 more answers

The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below:

Yanka [14]

Answer:

Explanation:

The preparation of the report form balance sheet as of August 31, 2019 is presented below:

Sentinel Travel Service

Report form balance sheet

For the year ended August 31, 2019

Assets

Cash $143,125

Account receivable $54,240

Supplies $9,300

Land $248,000

Total assets $454,665

Liabilities

Account payable $19,370

Owner equity

Ending capital $435,295

Total liabilities

And owners equity $454,665

The net income would be

= Fees earned - Office expense - Miscellaneous expense - Wages expense

= $774,800 - $178,205- $15,495 - $371,905

= $209,195

And, the ending capital would be

= Opening capital - withdrawn amount + net income - additional cpiatl

= $209,000 - $29,400 + $209,195 + $46,500

= $435,295

7 0

3 years ago

1. According to Wallach, what is short-termism, and why is it a problem?

Aleks04 [339]

I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.

<u>Explanation:</u>

According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.

In his words, short-termism is a problem because;

"it prevents the CEO from buying really expensive safety equipment"
"prevents teachers from spending quality one-on-one time with their students".

So in summary what Wallach is saying is that short-termism prevents futuristic thinking.

6 0

2 years ago

Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made install

Tresset [83]

Answer:

Dr. Cr.

Sale

Account Receivable $300,000

Inventory $210,000

Deffered Gross Profit $90,000

Payment Receipt

Cash $135,000

Account Receivable $135,000

Profit Recognition

Deffered Gross Profit $40,500

Relaized Gross Profit $40,500

Explanation:

On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.

Deferred Profit = $300,000 x 30% = $90,000

Inventory cost = $300,000 - $90,000 = $210,000

Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.

Realized Profit = $135,000 x 30% = $40,500

5 0

3 years ago

Theresa and Bobbi bought a racecar together. They agreed to share all expenses and split net profits equally. There was no agree

mestny [16]

Answer:

<em>No she is not, a partner has the right to quit the partnership at any moment in a partnership at will. </em>

Explanation:

General partners get the option and ability to leave the joint venture at whatever moment, whereas limited and restricted partners are only allowed to leave the partnership in accordance with the terms of the partnership agreement.

Bobby is in accordance with the law to leave whenever, and hasn't broken any agreement.

Whenever a general or limited partner chooses to leave the joint venture, the business continues to remain unless it has been agreed by all partners to dissolve.

5 0

3 years ago