The organizational unit that represents the independent legal accounting entity in SAP is the Company Code.
<h3>What is SAP?</h3>
A well-known enterprise resource planning (ERP) program is SAP, or Systems Applications and Products. SAP establishes a centralized system for organizations that enables each department to access and exchange common data in order to improve the working conditions for all employees.
A company code in SAP is the smallest organizational unit of external accounting for which you can establish a totally self-contained set of accounts for transaction posting.
If there are external reporting requirements, such as segment reporting for that unit in the local currency of that country, you can also use a business code to indicate a legally dependent operating unit abroad (commercial place of work).
Therefore, The Company Code is the SAP organizational unit that reflects the independent legal accounting entity.
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Answer:
D) The value of all goods and services produced domestically.
Explanation:
G. D. P is the total monetary value of all the final goods and services produced within a country at a particular period. A country's G. D. P can be calculated whether on an annual basis or quarterly basis, depending on the period in which the country uses as its accounting period. G. D. P is mostly important to a country as it serves as their economic mirror which is used to calculate the country's economic size as well as its growth rate. G. D. P can be calculated using either the country's expenditures, income or production. It can be manipulated during inflation.
Answer:
$10,070
Explanation:
The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.
Reviewing the transactions,
- bank service charges of $50 - This will be deducted from the book balance
- Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance
Hence the true cash balance
= $9,120 - $50 + $940 + $60
= $10,070
Answer:
A. The Receipt Capture feature uses Optical Character Recognition (OCR) technology to read and transform receipt data to QuickBooks Online. ⇒ TRUE
B. If QuickBooks Online finds an expense already entered in QuickBooks Online, it will suggest that you match the receipt to the existing transaction. ⇒ TRUE
C. You can snap a picture of a receipt, then review, match, or add it directly from the QuickBooks Online mobile app. ⇒ TRUE
D. QuickBooks Online will fill in the fields it can for the expense using the OCR data. ⇒ TRUE
Explanation:
the other options are false because:
- E. You can assign a payee, account, payment date, category, description, amount, and memo to the expense transaction in the Review screen.
- F. You can only have one sender email registered to forward receipts in each company. ⇒ FALSE, you can connect to multiple accounts, generally for different clients. You can use the "Add new sender" link.
Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
<h3>What is product maximization?</h3>
Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.
Thus, n this case, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
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