Answer:
The maximum depreciation expense is $2,792
Explanation:
In order to calculate the maximum depreciation expense we would have to calculate the depreciation of service computer equipment and the service furniture as follows:
depreciation of service computer equipment=$15,500*5%
depreciation of service computer equipment=$775
depreciation of service furniture=$11,300*17.85%
depreciation of service furniture=$2,017
Therefore, maximum depreciation expense=depreciation of service computer equipment+depreciation of service furniture
maximum depreciation expense=$775+$2,017
maximum depreciation expense=$2,792
Answer:
The beginning balance in accounts receivable was: $47,500
Explanation:
Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.
Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.
The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500
Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?
The correct answer is Data Steward
<h3>
Why is MIS becoming so important to businesses?</h3>
The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.
The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.
Learn more about the MIS department and the business here
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Answer:
Diversification
Explanation:
The key words here are 'several businesses'. A company engage in many businesses in order to mitigate or reduce its business risk, and also to create and add more value to customers. This offers a far advantage position than a stand alone entities who deal with only one product or service.
Answer:
total fixed cost= 90,000
Explanation:
Giving the following information:
A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. The variable costs per unit are $5.
The pretax income is calculated using the following formula:
Pretax income= total contribution margin - total fixed cost
60,000= 25,000*(11 - 5) - total fixed cost
60,000 - 150,000= - total fixed cost
total fixed cost= 90,000
