1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tino4ka555 [31]
3 years ago
9

Select all that apply Describe data processing in accounting by selecting the correct statements below. (Check all that apply.)

Multiple select question. Batch processing accumulates source documents for a period of time and then processes them all at once. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. An advantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. An advantage of batch processing is the lack of updated databases for management to use when making decisions.
Business
1 answer:
lakkis [162]3 years ago
4 0

Answer:

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.

The correct statements that best describes data processing in accounting includes;

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

You might be interested in
Capital budgeting is concerned with making and managing expenditures on:________
vovangra [49]

Answer:

on your goal or achievement

7 0
3 years ago
Where to buy a legal operating system for computer
Crazy boy [7]
That depends on which operating system you're looking for, the purposes you need it for and where you live.

If we're assuming an average user with no special requirements for programming or other specialised tasks then I'd recommend Windows 10.

Windows 10 is the most popular OS (Operating System) and is widely supported by the community of you run into trouble.

You can find a liscenced copy from their website, which you may need to change to your locale and most computer shops will sell copies too, including online companies like Amazon, but if you're unsure then Microsoft is the best bet.
https://www.microsoft.com/en-gb/store/d/windows-10-home/d76qx4bznwk4/1NT3

I hope this helps.
7 0
3 years ago
The team-centered decision-making model is preferred when: relevant information and expertise is found in a few select individua
Law Incorporation [45]

Answer:

Participation is needed to obtain necessary commitment

Explanation:

Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.

During evaluation, risk, time and the efficiency of these alternatives are checked.

Team-centred decision making style is preferable when;

1. Relevant information and how to go about issues cannot be not properly arranged by one person

2. Participation is needed for commitment

3. Making one individual as the central power hurts the team

4. If an uncommon decision is to be made

8 0
3 years ago
Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.
Dafna1 [17]

Answer:

d. $300

Explanation:

Calculation for what its net operating income should be closest to

Using this formula

First step is to calculate the contribution margin per unit using this formula

Contribution margin per unit= Contribution margin ÷ Number of units

Let plug in the formula

Contribution margin per unit= $48,000 ÷ 4,000 units

Contribution margin per unit= $12

Second step is to calculate the contribution margin

Contribution margin = 3,500 units × $12

Contribution margin = $42,000

Now let calculate the net operating income using this formula

Net operating income = Sales - Variable cost - Fixed expenses

Let plug in the formula

Net operating income= $42,000 - $41,700

Net operating income= $300

Therefore its net operating income should be closest to $300

8 0
2 years ago
In a fee-for-service health insurance plan with a $6,500 annual deductible, _____.
In-s [12.5K]

Answer:

A.

Explanation:

3 0
2 years ago
Other questions:
  • In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elastici
    14·1 answer
  • Darell Hair​ Stylists's adjusted trial balance and statement of​ owner's equity follow.
    15·1 answer
  • Wesley is a manager in an organization where a great deal of interaction is required between himself and his workers and new pro
    6·1 answer
  • People who are good leaders also are almost always good managers. <br> a. True <br> b. False
    6·1 answer
  • Which response might be an answer to a fundamental question of economics of who should produce? A. The cost of a car will be abo
    14·1 answer
  • A problem is listed below. Identify its type. Ted owns a small florist shop. Since his business is booming, his realizes he will
    9·1 answer
  • What special precautions or practices should a private practitioner adopt in order to minimize professional liability and ensure
    12·1 answer
  • To increase productive capacity, a company is considering a proposed new plant. Which of the following statements is CORRECT? a.
    7·1 answer
  • Northwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees hav
    5·1 answer
  • Where will your transactions take place? Is the purchaser the user of your product/service?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!