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xenn [34]
3 years ago
13

1) What usually initiates data input into a system? A) The transaction system automatically checks each hour to see if any new d

ata is available for input and processing. B) The performance of some business activity generally serves as the trigger for data input. C) A general ledger program is queried to produce a trial balance at the end of an accounting period. D) Data is only input when a source document is submitted to the accounting department.Answer: BPage Ref: 26Objective: Learning Objective 1Difficulty : EasyAACSB: Analytic
Business
1 answer:
lilavasa [31]3 years ago
7 0

Answer:

B) The performance of some business activity generally serves as the trigger for data input.

Explanation:

The data input is collected based on business activity. The resources it affects and the parties who participates in the transaction

C) A general ledger program is queried to produce a trial balance at the end of an accounting period.

In this instante the ledger is not providing new data it is generating from existing data to produce the trial balance

A) The transaction system automatically checks each hour to see if any new data is available for input and processing.

The system can't check for new bill in the outside world. The persons provide with data not the system itself.

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ackson Inc. listed the following data for 2019: Budgeted factory overhead $1,530,000 Budgeted direct labor hours 90,000 Budgeted
Anastaziya [24]

Answer: $36 per machine hour

Explanation:

Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 would be calculated by dividing the budgeted factory overhead by the budgeted machine hours. This will be:

= $1,530,000 / 42,500

= $36 per machine hour

5 0
2 years ago
Kirkland sells season tickets for six events at a price of $48. For the 2013 season, 2,700 season tickets were sold.
alexira [117]

Answer:

a. Assets = Liabilities + Stockholders' Equity = $129,600

b. Debit Unearned ticket revenue for $129,600, and Credit Total revenue for $129,600.

c. It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.

Explanation:

a. Use the horizontal model to show the effect of the sale of the season tickets. (Enter decreases to account balances with a minus sign.)

Note: See the attached excel file for the horizontal model showing the effect of the sale of the season tickets.

In the attached excel file, the following calculation is done:

Cash = Unearned ticket revenue = Price per season ticket * Number of season tickets sold = $48 * 2,700 = $129,600

Since Stockholders' Equity is equal to zero in the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $129,600

b. Use the horizontal model (or write the journal entry) to show the effect of presenting an event.

The journal entry will look as follows:

<u>General Journal                          Debit ($)              Credit ($)     </u>

Unearned ticket revenue            129,600

Total revenue                                                             129,600

<em><u>(To record the effect of presenting an event.)                             </u></em>

c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?

It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.

Download xlsx
4 0
2 years ago
Which of the following statements is/are FALSE? I) When evaluating a capital budgeting decision, we generally include interest e
Ainat [17]

Answer:

option I: When evaluating a capital budgeting decision, we generally include interest expense.

Explanation:

Capital budgeting can simply be defined as the process by which a  company evaluates prospective expenditures or investments that will be of a lucrative deal to the company. they are any project undergo by firms or companies that will bring  a great deal of money and value to the company.

capital budgeting decisions usually are of different kinds as it  ranges from mutually exclusive projects,accept-reject decision  or acceptance rule and the  capital rationing decision

capital budgeting covers the process of investing money for the company with the view that or of generating positive returns and does not include interest expense.

8 0
3 years ago
Ocean co. just paid a dividend of $2 per share out of earnings of $4 per share. if the book value per share is $25, what is the
BaLLatris [955]

The sustainable growth rate (sgr) is 8 percent.

<h3><u>What is Sustainable growth rate?</u></h3>
  • The highest rate of growth that a business or social enterprise may sustain without using more equity or debt to fund expansion is known as the sustainable growth rate (SGR).
  • In other words, it is the rate at which the business may expand without borrowing money from other sources by using only its own internal earnings.
  • The SGR aims to increase sales and revenue while reducing financial leverage.

A corporation can avoid financial trouble and excessive leverage by achieving the SGR. Get or compute the company's return on equity (ROE) first. By comparing net income to shareholders' equity, ROE assesses a company's profitability.

Know more about sustainable growth rate with the help of the given link:

brainly.com/question/5452967

#SPJ4

6 0
2 years ago
A risk assessment and business impact analysis (BIA) have been completed for a major proposed purchase and a new process for an
Kamila [148]

Answer:

C. Review of the risk assessment with executive management for final input.

Explanation:

The best approach to the information security manager would be to do a review of the risk assessment with executive management for final input.

Hence, it is necessary that the executive management be in support of the process, and has a clear understanding and is in agreement with the results considering the fact that risk management decisions can have a huge financial impact with major changes.

Also, since there is a disagreement between the information security manager and the business department manager because they have differing perspective to risk management, it is important that the review is done with the executive management team.

4 0
3 years ago
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