Answer:
Statement is true
Explanation:
MIS or management information system is a software that gathers, processes or analysis and makes reports that aids managers in decision-making.
It helps in eliminating tedious task of doing all the above activities manually.
TPS or transaction processing system works more or less the same as MIS as it processes data and provides analyzed data as reports for managers to make crucial decisions.
So, both systems can be used used interchangeably.
The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.
Explanation:
A safety training program could be insightful and maybe even provide lifesaving information to employees of a company. Tell management about the following advantages;
1. The Safety program increases the company's reputation: For example, the company may attract the best professionals in the industry because they are impressed by the company's safety program.
2. It benefits the company financially: For example, it will save the company money when there less injured employees since there will be no need to spend on a replacement.
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Answer:
1,110,000
Explanation:
Cash Flow statement is a presentation of cash inflows and outflows during a period.
Cash Flow statement is prepared using cash basis of accounting which records transactions as per the receipt and payment of cash.
In the given case, reduction in debtors balance indicates such payment must have been received.
Similarly, unearned revenue means income received in advance.
Since both are cash receipts, both shall be included in cash received from customers in it's current year statement of cash flows prepared using direct method.
Cash Received from customers = $945,000 + $90,000 + 75,000
= 1,110,000