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
AlekseyPX
2 years ago
15

What are some benefits of using computers for accounting purposes?.

Business
1 answer:
Dimas [21]2 years ago
6 0

9 Advantages to Using Computerised Accounting Systems

Automation. To make sure that all calculations are correct and accurate it is important to use something other than pen and paper. ...

Data Access. ...

Accuracy. ...

Reliability. ...

Speed. ...

Security. ...

Scalable. ...

Visuals.

You might be interested in
An opera house is offering three performances and has two types of consumers. The performances are "Carmen," "Madama Butterfly,"
Likurg_2 [28]

Answer: Bundle all the three operas together

Explanation:

Customers purchase a good only if its price is less than the customer’s reservation price.

Total WTP of consumer 1 = 100 + 200 + 70 = 370

Total WTP of consumer 2 = 120 + 100 + 150 = 370

Hence, all the three operas should be bundled together.

4 0
3 years ago
Complementary and substitute goods
Brilliant_brown [7]
Substitute good will be mitten and gloves, artificial sweeteners and sugar, and orange juice and grapefruit juice. The rest would be complementary goods.
6 0
3 years ago
In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal
mamaluj [8]

Answer:

$114,000

Explanation:

Given that,

Net credit sales = $2,250,000

Opening allowance for Doubtful Accounts = $36,000

Uncollectible accounts receivable written off = $90,000

Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:

= Uncollectible accounts receivable written off  - Opening allowance for Doubtful Accounts

= $90,000 - $36,000

= $54,000

Allowance amount:

= 10% of the balance in receivables

= 0.1 × $600,000

= $60,000

Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and  allowance amount.

= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount

= $54,000 + $60,000

= $114,000

4 0
3 years ago
Seven essential elements of an effective Compliance Program include:
Wittaler [7]

Answer:5. All of the above

Explanation: A compliance program is a set of policies,guildline,rules and standard operating agreement/ procedure put in place within an organization to ensure effective handling of activities. All the stated are features of an effective compliance program like Establishment of compliance standards of conduct and procedures,overall compliant oversight, due care in delegation of authority ( a necessary feature to ensure competent persons are delegated), monitoring and auditing, conducting effective communication channels, conducting effective training, responding and addressing failures).

8 0
3 years ago
What is accounting ?​
AnnZ [28]

Answer:

it is the study of the systematic way of keeping records.

4 0
2 years ago
Other questions:
  • Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue exceeds marginal cost. we can conc
    13·1 answer
  • Discount retail corporation may be engaging in conduct that violates the sherman act. to bring an action against the firm requir
    5·1 answer
  • Anything called money will be
    7·1 answer
  • A client heard through its hotline that John, the purchases journal clerk, periodically enters fictitious acquisitions. After Jo
    12·1 answer
  • For financial reporting purposes, an advance payment for services is NOT recorded as a revenue, but rather recorded as a(n) . It
    6·1 answer
  • Catalogue companies are committed to selling at the prices printed in their catalogues. If a catalogue company finds its invento
    13·1 answer
  • What is an origination fee on a loan?
    6·1 answer
  • Research and find out about the changes in business sectors of Pakistan from 1947 to date. Give reasons for the changes you have
    10·1 answer
  • Suppliers produce two goods, cheese and butter. Assume that there is no cost to switch resources from cheese production to butte
    8·1 answer
  • Economic growth theory originated about 60 years ago as a result of contributions by: a. adam smith. b. david ricardo. c. ben be
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!