The erp application is stored on the business logic tier in tiered architecture.
<h3>What is an
erp application?</h3>
Also called a Enterprise resource planning software, involves the use of software, technologies and systems to manage and integrate their core business processes.
As the tiered architecture is concerned, the erp application is stored on the business logic tier.
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Answer:
B. No effect on net income; no effect on total assets
Explanation:
When you write off bad debt, the journal entry is:
Dr Allowance for doubtful accounts XYZ
Cr Accounts receivable XYZ
This actually had no effect on the income statement, since the allowance account is already a contra asset account.
When the write off is reversed because the customer paid the debt, the journal entry is:
Dr Accounts receivable XYZ
Cr Allowance for doubtful accounts XYZ
Dr Cash XYZ
Cr Accounts receivable XYZ
Again, since the company is using the allowance method, there is no real effect on the income statement nor total assets in the balance sheet.
Answer: $150,000
Explanation:
The total cost of estimating and preparing the bid would normally fall between 1% and 2% of the total price of the bid.
It would therefore be best to use an average rate of these:
= ( 1 + 2) / 2
= 1.5%
The estimate will therefore be:
= 1.5% * 10,000,000
= $150,000
Answer:
Check the following calculations that follow the answer
Explanation:
a) Amount of net pay = wages – income tax – FICA tax = 53000 – 7300 – 2775 = $42,925
b) Total Payroll Cost = wages + FICA Taxes + unemployment taxes
= 53000 + 2775 + 280 = $56,055
Answer:
Plain = 450 per month
Flavored = 1800 per month
Explanation:
We will calculate the breakeven in composite units first and then separate the into both products to find out individual number of both products that needs to be sold to break even.
The breakeven in units = Fixed cost / composite contribution margin
The composite contribution margin per unit = Contribution of Product 1 * weight of product 1 + Contribution of product 2 * weight of product 2
Thus, the composite contribution margin (CM) per unit for Popped is,
CM per unit-composite units = (2-0.8) * 1/5 + (4-2.5) * 4/5 = $1.44 per unit
The breakeven in units = 3240 / 1.44 = 2250 units per month
Out of this,
Plain = 2250 * 1/5 = 450 unts
Flavored = 2250 * 4/5 = 1800
