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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.

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4. 48 Hours

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3 years ago
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What is the drawback of carrying more inventory than is needed?
lbvjy [14]

Answer:

One of the most important disadvantages of excess inventory is the loss of revenue. Products depreciate over time and lose their initial value. So the longer you hold a product, the cheaper it gets.

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Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in
Lorico [155]

Answer: $237070

Explanation:

The amount that Novak should report as its December 31 inventory will be:

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8 0
2 years ago
The Reynolds Corporation buys from its suppliers on terms of 3/13, net 35. Reynolds has not been utilizing the discounts offered
grin007 [14]

Answer:

Explanation:

A)

cost of not taking a cash discount = (1+3/(100-3))^(360/(35-13)) -1

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B)

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2 years ago
How does the Federal Funds Rate affect consumers looking to take out a loan?
Artyom0805 [142]

Answer:

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