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bagirrra123 [75]
3 years ago
13

Transactions processing systems monitor, collect, store, and process data generated from all business events. Select one: True F

alse
Business
1 answer:
Radda [10]3 years ago
4 0

Answer:

TRUE

Explanation:

For example: consider a video game store where a customer comes in to buy a product then pay for it at the checkout counter. The staff goes to take the similar product from the store room and replaces it on the shelve. When the stock runs low, new products are ordered.

All the processes above involve the collection, storing and processing of the  the product and the system that monitors those process is known as Transaction Processing System.

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Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone u
barxatty [35]

Answer:

4,000

Explanation:

Ron has a life insurance policy with a face value of 100,000

The consumer price index has gone up by 4%

Therefore the increase in the policy face value can be calculated as follows

= 100,000 × 4/100

= 100,000 × 0.04

= 4,000

4 0
2 years ago
Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year a
ser-zykov [4K]

Answer and Explanation:

As per the data given in the question,

Calculation for direct material and equivalent conversion is presented below:

Particulars                           Materials                                Conversion cost

      Units (a)        % of completion (b)  Equivalent units (a ×b)     % of completion (d)   Equivalent units  (a × d)

Beginning WIP    6,000 units    0%                    0                          50%

3,000 units

Completed units  76,200 units  100%                76,200                100%

76,200 units

Ending WIP            4,600 units    100%                4,600 units         65%

2,990 units  

Total                      86,800 units                           80,800 units

82,190 units

Working notes

1. The 50% is considered as 50% is beginning work in process so the remaining would be considered

2. The 76,200 units is come from

= 82,200 units - 6,000 units

= 76,200 units

3.  And at last we total beginning WIP + completed units and ending WIP

8 0
3 years ago
Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no begi
Sonja [21]

Answer:

Ending inventory value= $380,000

Explanation:

Giving the following information:

Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1.

Ending inventory in units= 10,000

<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>

Unit product cost= 25 + 12 + 1= $38

Ending inventory value= 38*10,000= $380,000

3 0
3 years ago
Determine the internal rate of return for a project that costs $167,000 and would yield after-tax cash flows of $22,000 per year
-Dominant- [34]

Answer:

e) 14.19%

Explanation:

Let IRR be x% . At IRR, Present value of inflows = Present value of outflows.

167,000 = 22000/1.0x + 22000/1.0x^2 + 22000/1.0x^3 + 22000/1.0x^4 + 22000/1.0x^5 + 30,000/1.0x^6 + 30,000/1.0x^7 + 30,000/1.0x^8 + 30,000/1.0x^9 + 30,000/1.0x^10 + 43000/1.0x^11 + 43000/1.0x^12 + 43000/1.0x^13 + 43000/1.0x^14 + 43000/1.0x^15

x = 0.1419

x = 14.19%

Hence, the internal rate of return for the project is 14.19%

8 0
2 years ago
Mikan Company’s standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours wer
vaieri [72.5K]

Answer:

Allocated MOH= $234,000

Explanation:

Giving the following information:

Predetermined overhead rate= $9 per direct labor hour.

Actual direct labor hours= 26,000

<u>To allocate manufacturing overhead, we need to use the following formula:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9*26,000

Allocated MOH= $234,000

5 0
3 years ago
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