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3 years ago

Accounting information systems integration

1 answer:

4 0

Accounting information system integration is the process of standardizing the procedure for recording transactions and disseminating financial information.

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You go to a local car lot and buy a used car as is. After you have driven only a few miles, the check-engine light flashes urgen

ArbitrLikvidat [17]

Answer:

ask the mechanic to document their findings

get a vehicle-history report online to look for evidence of odometer tampering

write a letter or email to the dealer, with copies of relevant documents

report the incident to the Better Business Bureau and your state attorney general

Explanation:

First of all, tampering the odometer is a federal crime. The first thing you need to do is gather evidence and go to the police. You can do this by asking your mechanic to document any alteration and looking for other evidence online also helps. E.g. if you buy a car that is 10 years old and the odometer records only 10,000 miles, you should be suspicious (plain common sense).

I doubt that writing an email works, but you could be lucky and get a favorable response from the dealer. Or more importantly, it can be used as evidence that the dealer was aware of the fraud and didn't do anything to correct it.

Reporting this incident to the Better Business Bureau can help prevent that other people are tricked by the dealer, but as soon as you have evidence of what happened you should report the crime.

6 0

2 years ago

When starting a business, more women choose ________ industries that tend to have lower average sales levels.

Zarrin [17]

When starting a business, more women choose service industries that tend to have lower average sales levels. Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing). The supply chain is the process through which items generated in the agricultural and manufacturing sectors are delivered to final customers.

Some service industries involved in this process include transportation, wholesale trade, and retail trade. Others are offered straight to customers. These include public administration, health care, education, information services, legal services, and financial services. Everything else falls under the category of service industries, which also includes banking, communications.

To learn more about industries, click here.

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4 0

1 year ago

The risk-free rate is 3%. MCD currently prices at $25. The Delta of a 1-year at-the-money European call on MCD is 0.5. John has

erica [24]

Answer:

Short 1.5 shares

Explanation:

Given data :

Risk free rate = 3%

current price ( market price ) = $25

Delta of 1-year at money European call on MCD = 0.5

Determine how many shares of MCD John should either Long or short to achieve a delta-neutral

use the relation below

4 * 0.5 + 1 ( 0.5 - 1 ) + x = 0

x ( number of shares ) = - [ 4 * 0.5 + 1 ( 0.5 - 1 ) ]

= - 1.5 shares

negative ( - ) means MCD should short 1.5 shares

5 0

2 years ago

During January, Luxury Cruise Lines incurs employee salaries of $2.1 million. Withholdings in January are $160,650 for the emplo

almond37 [142]

Answer:

a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

Debit Credit

Salaries expenses account $2,100,000

Federal Income tax payable $315,000

State income tax payable $131,250

FICA social security tax payable $160,650

Blue shield payable $21,000

Cash account $1.472.1000

b. The journal entries for the employer-provided fringe benefits is the following:

Debit Credit

Salaries expenses (Fringe benefit account) $63,000

Blue shield payable $63,000

c. The journal entries for the employer payroll taxes is the following:

Debit Credit

Payroll Tax expense account $290,850

FICA Social security tax payable $160,650

Unemployment tax payable $130,200

Explanation:

a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

Debit Credit

Salaries expenses account $2,100,000

Federal Income tax payable $315,000

State income tax payable $131,250

FICA social security tax payable $160,650

Blue shield payable $21,000

Cash account $1.472.1000

b. The journal entries for the employer-provided fringe benefits is the following:

Debit Credit

Salaries expenses (Fringe benefit account) $63,000

Blue shield payable $63,000

c. The journal entries for the employer payroll taxes is the following:

Debit Credit

Payroll Tax expense account $290,850

FICA Social security tax payable $160,650

Unemployment tax payable $130,200

3 0

3 years ago

The Company deposits $6,900 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,900 plus ear

astra-53 [7]

Answer:

$8750.87

Explanation:

This is compound interest problem. The formula used to solve this would be:

$F=P(1+r)^t$

Where

F is the future value (what we want, after 3 years)

P is the initial value (given 6900)

r is the rate of interest per period

here, 8% per year, so 8/4 = 2% per period (since compounded per quarter)

t is the time (3 years and compounding per year so times of compounding is 3*4 = 12), so t = 12

Substituting, we get our answer:

$F=P(1+r)^t\\F=6900(1+0.02)^{12}\\F=6900(1.02)^{12}\\F=8750.87$

There will be about $8750.87 at the account at the end of 3 years!

8 0

3 years ago