What are the disadvantages of journal entry

Mr. Lui has just finished his lesson on catharsis in his English literature class. He assigns students homework that entails res

Minchanka [31]

Answer:

Checking for students' understanding of a concept by asking them to apply the concept to other contexts.

Explanation:

Concept formation is an inductive teaching technique that enhance discovery learning and helps to get clear understanding of a concept in pupils by using psychological processes such as observation, analysis, hypothesis, generation and testing a small set of the concepts.

Mr. Lui utilized the strategy of checking for students' understanding of a concept by asking them to apply the concept to other contexts in his homework assignment.

4 0

3 years ago

The private internet system that links government supercomputer centers and a select group of universities is called __________.

dlinn [17]

My best guess is "intranet" (NOT "internet").

8 0

4 years ago

the liability created when supplies are bought on account is called an account payable ,true or false

tigry1 [53]

Answer:

True.

Explanation:

In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.

Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.

Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.

Current liability in financial accounting can be defined as the short-term financial obligation such as debt (account payable) that is due to be paid in cash within one (fiscal) year or one operating cycle of a company, whichever is longer.

A company's current liability comprises of the following; dividends payable, short-term debts, account payable, notes payable, interest payable, wages payable, deferred revenues, income tax payable, etc.

Basically, companies usually settles their current liabilities with current assets such as account receivables or cash, that are used up within a fiscal year.

Hence, the liability created when supplies are bought on account is called an account payable.

6 0

3 years ago

The term ________ refers to a centralized database that collects the experiences and insights of employees throughout the organi

ollegr [7]

The answer to this question is the knowledge management system. The knowledge management system or KMS is a system that consists of a database of management principles and experiences. This system also stores and retrieves information and knowledge that consists of productivity reports, business analysis, and other company records for easy reference.

6 0

4 years ago

Pack-and-Go, a new competitor to FedEx and UPS, does intra-city package deliveries in seven major metropolitan areas. The perfor

AfilCa [17]

Answer:

Pack-and-Go

1. From a financial perspective, Pack-and-Go should invest in the new technology. It will enjoy a contribution margin of 97.5%.

2. The break-even increase in annual revenue that would justify the investment in the new technology is:

Fixed cost = Contribution

$80,000 = Contribution - $8,000

= $72,000 ($80,000 - $8,000

Explanation:

a) Data and Calculations:

Expected cost of new technology investment = $80,000

Delivery performance:

Decision Alternative

After Implementing

Item Current System New Technology

On-time delivery rate 80% 95%

Variable cost per package lost

or damaged $30 $30

Allocated fixed cost per

package lost or damaged $10 $10

Annual number of packages

lost or damaged 300 100

Variable cost for lost or

damaged packages $9,000 (300*$30) $3,000 (100*$30)

Fixed cost for lost or

damaged packages 3,000 (300*$10) $1,000 (100*$10)

Total cost for lost or

damaged packages $12,000 $4,000

Increase in the on-time performance rate = 95% - 80% = 15%

Increase in annual Revenue = $10,000 * 15 = $150,000

Savings from lost or damaged packages = 8,000 ($12,000 - $4,000)

Total savings from new technology = $158,000

Annual cost of new technology = (80,000)

Net savings from new technology = $78,000

Contribution margin based on net savings = $78,000/$80,000 * 100 = 97.5%

Average contribution margin = 40%

7 0

3 years ago

What are the disadvantages of journal entry​

What are the disadvantages of journal entry