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Rina8888 [55]
3 years ago
11

Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want

to invoice automatically on a weekly basis. They would like to review a Sales by Customer by Month report regularly. The company currently pays their vendors in QuickBooks Desktop using the online bill pay service, QuickBooks Bill Pay. After converting to QuickBooks Online, which 3 setup and customization steps are appropriate for this client? Customize reports Turn off multicurrency Rebuild data Review recurring transactions Set up initial quantity on hand and cost for each product Set up and implement an online bill pay service
Business
1 answer:
azamat3 years ago
4 0

Answer:

Customize reports

Review recurring transactions

Set up and implement an online bill pay service

Explanation:

Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:

1. Customize reports: this includes forms and reports and, if possible to memorize reports.

2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.

3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.

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A local supermarket sells a popular brand of shampoo at a fairly steady rate of 380 bottles per month. The cost of each bottle t
zimovet [89]

Answer:

annual demand = 380 * 12 = 4,560

order cost = $8.50

annual holding cost = $0.45 * 25% = $0.1125

EOQ = √[(2 * 4,560 * $8.50) / $0.1125] = 830.10 ≈ 830 units

time between placement of orders = 830 units / 4,560 units = 0.182 years = 2.18 months

reorder point = 4,560 units * 2/12 (lead time) = 760 units

A new order should be placed when the inventory level is 760 units

3 0
3 years ago
Steve introduces in-house technical training programs for employees, as well as a provision to reimburse the tuition fees for em
Feliz [49]

Answer:

B. High performances work practice

Explanation:

High performance work practices are actions that tend to improve an organization's or a company's effectiveness and efficiency. They are practices structured to promote employees knowledge, improve commitment and motivate them. It involves investing in human power aimed at developing necessary skills, knowledge, techniques, and so on. In this scenario, Steve is trying to motivate and retain members of his organization by carry out high performance work practices like inhouse technical training and reimbursing tuition fees for employees who take relevant college courses.

5 0
3 years ago
Read 2 more answers
Should Japanese companies such as Nintendo and Toyota with business in Mexico have hedged against adverse changes in the peso/ye
svetoff [14.1K]

<u>Solution and Explanation:</u>

These companies with the businesses in Mexico are not affected due to the adverse exchange rates and have nullified it, because they have their operations in the neighboring nations such as Canada and USA. Here, These companies do not use Yen as a currency for the exchange and since Mexico has NAFTA agreement with the USA and Canada, then these companies take the benefits of the duty free trade. Hence, a superior quality, scale of production and savings in duty and tariff, will make them get better off and nullify the impact of the exchange rate.

So, these companies have done it with the help of use of local currency and the US dollar as exchange currencies, and benefit of free trade with the member nations of NAFTA. These companies can also export the goods to those nations such as Brazil, Argentina to cater the demand in these nations. Here also, Yen will not be used.

8 0
3 years ago
Homeowner could take out 15-year mortgage at 5.5% annual rate on a $195,000 mortgage amount, or she could finance purchase with
IrinaVladis [17]

Answer:

$138,6126

Explanation:

The general formula to solve this is FVAn = PMT(PVIFAi,n)

Where FVAn is Face value (annual rate)

PMT is payment

PVIFA is Present Value Interest Factor of an Annuity =

i is the interest and n is the number of time in months

Calculate pmt for 15years (convert to months =180 months)

195,000 = Pmt × PVIFA (0.055/12, 180 months)

Pmt of $1,593.31 × 180 = $286,795.8

Calculate pmt for 30years (convert to months =360 months)

195,000 = Pmt × PVIFA (0.061/12, 360 months);

Pmt of $1,181.69 × 360 = 425,408.4;

Now subtract pmt at 15years from pmt at 30years

$425,408.4 – $286,795.8 = $138,6126.

3 0
3 years ago
when an inventor gets a patent for his work,it means the goverment will buy a specific amount of the invention
zaharov [31]
I'm guessing this is True or False
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