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natta225 [31]
3 years ago
5

Accountants rely heavily on using Excel to perform a wide range of activities to record transactions and report their results. I

dentify and discuss at least three (3) tools an accountant can use to make the recording and reporting of accounting transactions efficient and effective.
Business
1 answer:
lina2011 [118]3 years ago
7 0

Answer:

The following tools can be utilized to make the chronicle and revealing of bookkeeping exchanges proficient and powerful.  

1. Tally:

Tally is a bookkeeping device used to record business exchanges, evaluating work costing, overseeing stock, producing reports for changed business purposes. It is exceptionally viable instrument for little and medium measured business. It works at a fast and gives precision and adaptability. It can likewise be tweaked according to the business needs. Top notch information uprightness checks at customary levels guarantee reliability on the records.  

2. Quick-book:

With the appearance of online instruments, Quick-book facilitates the assignment of the bookkeeper and aides in recording the exchanges in the most gainful and financially savvy manner.It assists spare with timing by handling mass exchanges rather than one at a time.The device gives generally perspective on the customers and help deal with the records productively.  

3. Sage-One:

Sage-One is facilitated on cloud and permits to get to the framework from any area. It assists with overseeing incomes, track cost and pay, record buy and deals, track and control stock development. It likewise permits to connection to web banking and interface with the cashbook. Different highlights incorporate dashboards, cites and gauges, planning reports.

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Answer:

D

Explanation:

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5 0
3 years ago
The yield to maturity is always equal to the interest payment of a bond. <br> a. True <br> b. False
ella [17]
A. True, Yield to Maturity or called YTM is a measure of your annualized return if a bond, or all the bonds in a fund, are held to maturity.
3 0
3 years ago
Tire manufacturer Firebridge sells tires to retail firm A. Average annual sales for firm A is $55,000. Average profit margin is
ahrayia [7]

Answer:

The Customer Lifetime Value of firm A amounts to $41,405. Hence, the correct option is 3

Explanation:

The formula to compute the Customer Lifetime Value of firm A is:

Customer Lifetime Value of firm A = Average annual sales × Average Profit Margin × Uniform series PW ( Present Worth) factor

= $55,000 × 15% × 5.0188

= $41,405

where

Average annual sales is $55,000

Average Profit Margin is 15%

We need to find out this:

The formula to compute this:

Uniform series PW factor = ( 1 + i%) ^ n - 1 / i % × ( 1 + i%) ^ n

                                          = ( 1 + 15%) ^ 10 - 1 / 15% × ( 1 + 15%) ^ 10

                                          = (1.15 ^ 10 -1) / (0.15 × 1.15 ^10)

                                          = 5.0188

3 0
3 years ago
When consumers have more _____ to adjust demand becomes relatively more elastic?
alex41 [277]
When they have more time
5 0
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Glenn goes fishing every weekend. sometimes it takes an hour to catch a fish, sometimes it takes 15 minutes, and sometimes it ta
Free_Kalibri [48]
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