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kompoz [17]
3 years ago
5

Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the startin

g balances and the offsetting entries for the transactions. The starting balance of Cash is $9,100 The starting balance of Inventory is $4,800 The starting balance of Retained Earnings is $24,700 1. Sell product for $30 in cash with historical cost of $24 2. Sell, deliver, and receive payment of $40 for service 3. Consume good or service and pay expense of $2 What is the final amount in Retained Earnings
Business
1 answer:
Mazyrski [523]3 years ago
5 0

Answer: $24,744

Explanation:

Final amount in retained earnings;

= Starting balance + Net income

Net income:

= Sales - Cost of good sold + Service revenue - Expense

= 30 - 24 + 40 - 2

= $44

Final amount in retained earnings:

= 24,700 + 44

= $24,744

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A management information system (MIS) typically provides standard reports generated with data and information from a transaction
Svet_ta [14]

Answer:

True

Explanation:

It is true that management information system (MIS) typically provides standard reports generated with data and information from a transaction processing system (TPS) or enterprise resource planning (ERP) system. ion processing system

By the definition of management information system it includes transaction processing system because management information system (MIS) is a data generating or gathering process which serves as the backbone of an organization’s operations by gathering data from multiple sources, analyzes information, and presents data in a form that it aids managerial decision making.

Hence, the major areas of management information systems are:

1. Transaction Processing System. ( which includes: Payroll System, Order Processing System, Stock Control System) .

2. Decision Support System.

3. Expert Systems and Artificial Intelligence.

6 0
3 years ago
During the new employee orientation, the training officer meets with the new EMTs and explains to them the monthly training sche
Grace [21]

Answer: EMS is constantly evolving in response to evidence-based research.

Explanation: Evidence-based research is the use of information to make decisions about a research and not an opinion.

It is a systematic process whose purpose is to congeal the best available research findings with historical and laboratory test results in order to optimize the process of making decisions.

it is any practice that relies on scientific and mathematical evidence to form strong inductive or deductive arguments for guidance and decision-making.

4 0
3 years ago
Half-Foods, Inc.'s stock closed at 8.367 today. Yesterday's closing price was 8.765. How much did the price of stock drop?
sweet-ann [11.9K]
Stocks price gain or loss/drop  = today's stock closing price - yesterday's stock closing price
                     
where:
todays closing price = 8.367
yestedays closing price = 8.765
                     
 Stocks price loss/drop  = - 0.398
A negative answer means drop or loss, therefore, Half foods Inc has a 0.398 drop in stock price.  


5 0
4 years ago
Patrick, a job applicant, was asked by his interviewer, "in your previous job, how did you handle employees who were poor perfor
Kryger [21]
Hey there,
The answer is B, <span>Behavioral interview

Hope this helps ^_^

~Top
</span>
6 0
4 years ago
Read 2 more answers
Need help 1.-10. A.-J.
Masteriza [31]

1. The Party ordered to pay a draft is the <u>drawee</u>

2. Instruction that directs a bank not to pay a check that has been lost or stolen is a <u>stop payment order</u>.

3. Party to whom commercial paper is made available is the <u>payee</u>.

4. Unconditional written order by one person that directs another person to pay money to a third person is a <u>bill of exchange.</u>

5. Type of draft by which a bank depositor orders the bank to pay money, usually to the order of a third party or to the bearer of the instrument is a <u>check</u>.

6. Person who executes or draws the draft and orders payment be made is the <u>drawer</u>.

7. The drawee's promise to pay the draft when due is called <u>acceptance</u>.

8. Unconditional written orders or promises to pay money are called <u>commercial paper.</u>

9. To refuse to pay when due is called <u>dishonor</u>.

10. The person who executes a promissory note is the <u>maker</u>.    

7 0
3 years ago
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