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storchak [24]
2 years ago
5

How does Quickbooks online use smart learning?

Business
2 answers:
babunello [35]2 years ago
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]2 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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20. A company is in its first month of operations. On January 1, the company borrows $10,000 from the bank. The bank charges ann
goblinko [34]

Answer and Explanation:

amount borrowed = $10,000

interest rate =12%

interest accrued = $10,000*12%*1/12

                            = $100

date             general journal                          debit                    credit

jan 31            interest expense                       100                      

                        interest payable                                                    100

3 0
2 years ago
Explain how firms decide how much labor to hire to produce a certain level of output
ss7ja [257]

The firms focus on improving marginal returns. Apart from this, they focus on specialization which increases the output. The amount of labor the firm plans to hire depends on the level of output it requires. The firm keeps adding new workers until output reaches its crest or peak.

7 0
3 years ago
Suppose that capital becomes more productive. What would we expect to happen? Choose one:
Nata [24]

<u>Answer:</u>

<em>D. The equilibrium interest rate and amount invested would both increase </em>

<em></em>

<u>Explanation:</u>

Investment spending is a significant classification of actual GDP. Not exclusively is it the most unstable piece of real GDP; however, speculation spending on physical capital is additionally a significant supporter of financial development. Things being what they are, if a firm needs to construct another processing plant, where does it get the assets to assemble it? The investment of loanable assets depends on investment funds. The interest in loanable assets depends on getting.

6 0
3 years ago
Rebotar Inc. makes basketballs. Their fixed costs are $3,450. Variable costs are $12 per basketball. If the basketball is priced
JulsSmile [24]

Answer:

yes

Explanation:

The contribution margin concept uses the formula below to calculate the break-even point.

break-even = fixed cost/ contribution margin per unit

fixed costs = $3,450.

contribution margin per unit = sales price - variable costs

= $25- $12

=$13

Break-even = $3,450 /$13

=265.38

=265 units

The break-even point is 265 units. Rebotar Inc. sold 300 basketballs; they meet the break-even point. 300 basketballs are more than 265.

8 0
2 years ago
The following information is available for Cullumber Company after its first year of operations: Income before income taxes $260
MakcuM [25]

Answer:

$85,500

Explanation:

The computation of the amount that was actually paid is

= Amount charged to warranty expense on its books - Deferred income tax before charging income tax

= $96,000 -  $4,200 ÷ 0.40

= $96,000 - $10,500

= $85,500

Simply we subtract the deferred income tax before income tax from the warranty expense so that the actual amount could come

3 0
3 years ago
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