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Elanso [62]
3 years ago
7

Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently u

ses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:
Business
1 answer:
Paul [167]3 years ago
6 0

Answer:

Computerized accounting has a lot of advantages over manual accounting when rightly implemented

Explanation:

Computerized accounting is an integrated accounting system that uses program software stored on a computer or server to perform account functions. It can be a tailored or off the shelve software for that purpose.

It is easier to use , faster , and more accurate when compared to the manual accounting , which makes it  more helpful especially for small business owners that do not have a good structure in place.However , the initial set up cost  is high , and this need to be considered by small businesses before adoption. Moreover , as they come in different format , a small business may need to consult expert for the type that is mostly suitable for his business as well.

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On August 31, Year 1, the general ledger of a company shows a balance for cash of $7,844. Cash receipts yet to be deposited into
goldfiish [28.3K]

Answer:

Correct ending balance          7855

Explanation:

Cash                                           7844

 

Books  

Cash receipts pending on bank  -3238

Checks written                            1325

 

Banks  

Bank service fee                             -25

Interest earned                              36

 

Bank conciliation                           5942

Bank account                                  5942

 

                                         7844

Correct ending balance  7855

3 0
4 years ago
Once expenses have been identified, they can be categorized as either fixed expenses or variable expenses.
AlexFokin [52]

Answer:

Once expenses have been identified, they can be categorized as either fixed expenses or variable expenses.

For example, your mortgage would be considered a __fixed__ expense, because _the total amount does not vary_. Conversely, grocery bills would be considered _variable_, because the actual amount is _varies_.

Explanation:

Fixed expenses are fixed in total within a relevant range.  The amount remains the same from one period to the next.  The element of the fixed expense that changes is the cost per unit and not the total amount.  On the other hand, variable expenses vary in total because of their quantities vary but their costs per unit remain fixed.

5 0
3 years ago
A manager who threatens to withhold support or rewards is using _____ as a political tactic.a. inducementb. coercionc. persuasio
DanielleElmas [232]

Answer:

b. coercion

Explanation:

A manager who threatens to withhold support or rewards is using coercion as a political tactic. Employees who work under a coercive management, are forced to follow orders and face a harsh and negative work environment that often leads employees to look for other jobs. Managers who practice coercion feel powerful and might but they don't realize how much damage it causes in the long run for the organization.

4 0
3 years ago
What is the difference between functional and decorative accessories ?
mixas84 [53]
Functional you can use like a purse and a decorative one just makes you look pretty like earings
3 0
4 years ago
Suppose an economy has a law that requires all wages to be adjusted quarterly to reflect changes in the general price level. Thi
8_murik_8 [283]

Answer:

economic (or business) cycles are less severe.

Explanation:

If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).

This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.

One basic concept for this to work is that inflation is always a positive number, countries rarely (if ever) go through deflation processes.

8 0
3 years ago
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