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nydimaria [60]
3 years ago
12

5) "Once a business develops a solid information system to meet its needs, that system will serve the business for at least 25 y

ears." Is this statement true or false? Explain. (2 points)​
Business
1 answer:
uysha [10]3 years ago
8 0

Answer:

This is not correct, as the information systems in this age are rapidly transforming, due to artificial intelligence and IoT.

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Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during Sept
tamaranim1 [39]

Answer:

d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.

Explanation:

For tickets sold in advance, revenue is not recognized on those tickets until the matches have been played. As such, when payment was received for the tickets, the required entries were Debit Cash account and credit Deferred or unearned revenue.

When the matches are played, revenue is proportionately earned and recorded by crediting revenue and debiting deferred or unearned revenue.

For the 3 games played in September, revenue earned

= 3/8 × $240,000

= $90,000

6 0
4 years ago
Based on the following information for Montana​ Investments, Inc., compute the rate of return on total assets.​ (Round the perce
AfilCa [17]

Answer:rate of return on total assets=22.22%

Explanation:  Return on total assets is a ratio that measures the earnings generated by a company  before interest and taxes in ralation to its total net assets which can be calculated from amount of financial and operations income grom a company's financial year in comparison to the average of that company's total assets.

For  Montana​ Investments, Inc. in December31, 2019, we have that

Net income= $26,000

Interest expense

= $11,000

Average total assets=  $194,000+$139,000/2

Return on total assets

=

(Net Income + Interest Expense) / Average total assets =

{$26,000 + 11,000 ) / [($194,000 + $139,000 ) / 2] =

37,000/166500=0.2222

=22.22%

5 0
3 years ago
The Quick Buck Company is an all-equity firm that has been in existence for the past three years. Company management expects tha
labwork [276]

Answer:

$49.01 per Share

Explanation:

We can find the value of the unit share of company that will be dissolved at the end of year 2 by using the following formula:

<u>Current Price per Share = Value of Firm Today (Step1) / Number of Shares</u>

= $1,862,345 / 38,000 shares

= $49.01 per Share

<u></u>

<u>Step 1: Find the value of the firm in today's price by using the discounting technique</u>

Value of Firm Today = Cash Flow for Year 1 / (1+r)^1       +        Cash Flow for Year 2 / (1+r)^2

=  $860,000  / (1 + 11%)^1     +    $1,340,000 / (1 + 11%)^2

= $774,774  +   $1,087,571

= $1,862,345

7 0
3 years ago
Use these wallpapers lol use me as your wallpaper and i give you brainlist also show me proof
siniylev [52]

Answer:

nice

Explanation:

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4 0
3 years ago
23. In an interest rate swap between AAA who wants to convert fixed rate loan to floating-rate loan and BBB who wants to convert
Sedaia [141]

Answer:

d

Explanation:

i just got it right

8 0
3 years ago
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