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3 years ago

How does Quickbooks online use smart learning?

2 answers:

6 0

QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions.

How does it do this?

It can identify transactions that were posted to the wrong account
It can identify transactions where the posting date was manually entered and has a clearing date that differs from the bank data
It will recognize if transactions have been excluded erroneously from bank feeds (Maybe this)
It will automatically record bank fees and interest earned

kvasek [131]3 years ago

4 0

Answer:

Quick Books Online uses smart learning in its reconciliation tool to help find any rogue transactions by recognizing if transactions have been excluded erroneously from bank feeds. Because bank feeds includes all transactions of bank account. What 2 reasons might mean a transaction needs to be excluded in bank feeds?

Explanation:

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Suppose you have the following information about a fictitious economy. Assume there are no taxes in this economy. Disposable Inc

djyliett [7]

The equilibrium level of consumption is $28500.

The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.

If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.

Given this condition, we can conclude in economics that consumption is at its level of equilibrium.

4 0

3 years ago

Purchases in May were $65,000, while expected purchases for June and July are $75,000 and $93,000, respectively. All purchases

guapka [62]

Answer:

$61,000

Explanation:

The computation of June payments for purchases budgeted is shown below:-

June payments for purchases budgeted = Purchase of June × Purchase percentage + May purchase × Percentage of the following month

= $75,000 × 25% + $65,000 × 65%

= $18,750 + $42,250

= $61,000

Therefore for computing the June payments for purchases budgeted we simply applied the above formula.

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3 years ago

A<br> person who<br> owns stock in a<br> corporation.

Dahasolnce [82]

Shareholder or stockholder

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3 years ago

Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2016. The units have a list

Furkat [3]

Answer:

a. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used.

November 17, 100 units sold to Thomas Company, terms 2/10, n/30

Dr Accounts receivable 42,000

Cr Sales revenue 42,000

November 26, invoice collected from Thomas Company

Dr Cash 41,160

Dr Sales discounts 840

Cr Accounts receivable 42,000

b. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2021, assuming that the gross method of accounting for cash discounts is used.

November 17, 100 units sold to Thomas Company, terms 2/10, n/30

Dr Accounts receivable 42,000

Cr Sales revenue 42,000

December 15, invoice collected from Thomas Company

Dr Cash 42,000

Cr Accounts receivable 42,000

c. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2016, assuming that the net method of accounting for cash discounts is used.

November 17, 100 units sold to Thomas Company, terms 2/10, n/30

Dr Accounts receivable 41,160

Cr Sales revenue 41,160

November 26, invoice collected from Thomas Company

Dr Cash 41,160

Cr Accounts receivable 41,160

6 0

3 years ago

Economies of scale arise when a. an economy is self-sufficient in production. b. individuals in a society are self-sufficient. c

Marianna [84]

Answer:

d. workers are able to specialize in a particular task.

Explanation:

In Microeconomics, economies of scale can be defined as cost reductions or cost advantages that arises when a business entity is increases its production or are large in size.

This ultimately implies that, when an organization chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.

Generally, economies of scale arise when workers are able to specialize in a particular task. This is so because having a good number of professionals and experts would increase the level of production or output, as they are quite conversant with the best method of production, time management and efficiency.

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3 years ago