What does the macro do

The Chart of Accounts lies at the heart of a QuickBooks Online company. Which 5 of the following statements are true about the C

mixer [17]

Answer: The correct answers are "To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window", "The Sales of Product Income account is a default account when inventory is turned on", "Uncategorized Income and Uncategorized Expense are default accounts for online banking activity", "If you add a new account, the category type determines on which financial statement this account will show", and "Delete an account from the Chart of Accounts if it is not relevant to your business".

Explanation: To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window - It is the correct way to add new accounts.

The Sales of Product Income account is a default account when inventory is turned on - Activating the inventory automatically creates the Sales of Product account that is an Income account.

Uncategorized Income and Uncategorized Expense are default accounts for online banking activity - Income and expenses not classified are by default for online banking.

If you add a new account, the category type determines on which financial statement this account will show - The appearance of accounts in the different financial statements depends on the category that determines the account, for example an income or expense account, will appear in the income statement.

Delete an account from the Chart of Accounts if it is not relevant to your business - It is possible to eliminate accounts that are not useful for the business model used.

4 0

3 years ago

We made a distinction between pro-business policies and pro-market policies. Which of the following is a way to put that distinc

Step2247 [10]

Answer:

The correct answer is: Pro-market policies mean businesses can earn profit and loss; pro-business policies means businesses only make profit.

Explanation:

Pro-market policies are those that establish norms that help the free market to operate in balance, without any kind of benefit in favor of a specific company, in this way it benefits both companies and consumers, therefore it sets up in a normal market situation where companies cannot make profits and losses.

In a pro-business policies, the government offers advantages to specific companies to increase profitability, such as tax incentives, privileges, etc.

6 0

4 years ago

Cheer, Inc., wishes to expand its facilities. The company currently has 8 million shares outstanding and no debt. The stock sell

Lapatulllka [165]

Answer:

Explanation:

Solution :- (A)

(1) :- Book value per share = Total Assets / Total Number of Shares

Total Assets = ( $42 * 8,000,000 ) + $50,000,000 = $386,000,000

Total No. of Shares = ( $50,000,000 / 34 ) + 800,000 = 9,470,588.24

Book Value per share = $386,000,000 / 9,470,588.24

= $40.76

(2)

New Total Earnings = Current Net Income + Additional Income

= $4,700,000 + 800,000

= $5,500,000

(3)

New EPS = New Earnings / New total number of shares

= $5,500,000 / 9,470,588.24

= $0.581

(4)

New Price of Stock =

Old EPS = 4,700,000 / 8,000,000 = 0.5875

New Price = P/E Ratio * New EPS

= ( 34 / 0.5875 ) * 0.5807

= $33.61

(5) New Market to Book Ratio

= Market price / Book Value

= $33.61 / $40.76

= 0.825 times

(b)

Net Income = EPS old * Total New number of shares

= $0.5875 * 9,470,588

= $5,563,970.45

3 0

3 years ago

Dewey, an employee of American Stair Glide, had a novel idea for a safety device for elevator chairs manufactured by American. D

kirill [66]

Answer:

In this case science the item is a design, we will have to do certain more case referring to quasi contract. Dewey will have to prove the court that design is his and it is not being used until the discussion made with American. If this is prove in court then the court can accept the case of quasi contract in which the American has willingly used his design to gain monetary benefits without keeping in knowledge to Dewey about the use. In this case the court may grant legal rights of the design to Dewey and would ask to pay penalty to American. Further, usage of design of American must sign legal contract with Dewey about the benefit and usage.

6 0

3 years ago

Clover Hardware sold a range of products. A few weeks ago, orders arrived for the garden center and outdoor living areas. 500 gr

masya89 [10]

Answer:

COGS= $15,000

Explanation:

Giving the following information:

Purchase= 500 grills

Unitary cost= $75

Units sold= 200

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 0 + 500*75 - 300*75

COGS= $15,000

or;

COGS= 200*75= $15,000

7 0

3 years ago