an accounting system captures relevant data about transactions. T/F

Answers

Answer 1

The statement is True. An accounting system is designed to capture relevant data about business transactions.

What does this have?

This includes information about sales, expenses, assets, liabilities, and other financial activities that occur within a business. The system uses a variety of methods to record this data, such as journals, ledgers, and computerized software.

By capturing and organizing this information, the accounting system provides valuable insights into the financial health of a business. This helps business owners and managers make informed decisions about budgeting, forecasting, and strategic planning.

Overall, an effective accounting system is an essential component of any successful business, as it ensures accurate record-keeping and provides critical financial information for decision-making purposes.

Hence, its true.

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Related Questions

Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant. The most useful way to research this information would be by

Answers

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit and a cast, he receives a hospital bill for $10,000. According to his health insurance policy, he has $2,000 deductible (which he did not pay this year at all) and a 20% co-pay. How much Conor will have to pay for the hospital?

Answers

Answer:

$6,000

Explanation:

A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.

Step 1: 10,000 - 2,000 = 8,000

A co-pay is a fixed amount the insured has to pay for certain medical services.

Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600

Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)

Total amount that Conor will have to pay for the hospital: $3,600

When going into a partnership, you should always:_________.
a. put all terms of the partnership into writing in a partnership agreement.
b. make sure that you have limited liability while you are in charge.
c. make sure all the profits are reinvested into the company.

Answers

Answer: A. put all terms of the partnership into writing in a partnership agreement.

Explanation:

The most important terms in a partnership agreement is ensuring that all terms are noted down and binded legally, this is to help partners know when need to do something and don't feel cheated or be cheated by someone or something. Avoidance of reaching out to terms noted down will further make things complex either when the business is growing or when there is need to shutdown or during operations.

_____ encompasses loyalty and a deep concern for an organization's welfare.

Answers

Affective commitment encompasses loyalty and a deep concern for an organization's welfare.

Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.

They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.

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elizabeth has not been given the same training as george and thomas in her firm even though they are all programmer iii status and came into the firm at the same time. this is an example of .

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Elizabeth has not been given the same training as George and Thomas in her firm even though they are all Programmer III status and came into the firm at the same time. This is an example of unfair treatment or discrimination.

Unfair treatment or discrimination is the unfair and unequal treatment of people based on different characteristics such as gender, race, age, religion, or sexual orientation. Unfair treatment may also include denying someone equal opportunities, benefits, or privileges at work because of their characteristics or traits.According to the situation provided, Elizabeth is not receiving the same training and development opportunities as her colleagues, George and Thomas, who have similar job titles and work experience as hers.

This situation is a perfect example of discrimination and unfair treatment. Discrimination is against the law and can result in serious consequences for an organization, including loss of productivity and reputation, legal consequences, and loss of staff morale.

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Suppose the skills needed to perform the work in the two industries are identical, and the supply of labor to the two industries is fixed at 6,000 workers per day. What will be the equilibrium wage, and how many workers will work in each industry?

Answers

Answer and Explanation:

The computation of the equilibrium wages and the number of workers in each industry is as follows:

Since the supply of labor is 6,000

As per the attached graph, the common rate is $8 per hour so if we take 2000 workers in industry A and 4000 workers in industry b  

So, the equilibrium wage would be $8

Hence, the same would be considered and relevant too

Suppose the skills needed to perform the work in the two industries are identical, and the supply of

When_
a business, there could be many departments or just a few.

Answers

When running a business, there could be many departments or just a few.

What is a business?

This is a term that is used to refer to an organization that is set up for the sake of gains or profits.

A business could be responsible for the delivery of a product or they could be involved in the rendering of services.

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hinguys im back!!!
folloe nyo ko pingay ko points ko sa inyo
dont forget folloe​

Answers

Answer:

hii have a great day ahead tq for the points

someone has offered you shares in a sure-shot wildcat oil-drilling venture in the sierra nevada of california. which of the following is the most important reason you should reject his shady offer?

Answers

The most important reason you should reject the shady offer of shares in a sure-shot wildcat oil-drilling venture in the Sierra Nevada of California is the lack of credibility and reliability of the offer.

Investing in any venture, especially one with high-risk factors like wildcat oil drilling, requires careful evaluation and due diligence. In this case, the offer is described as "shady," indicating a lack of trustworthiness and transparency. Investing in a venture without proper credibility and reliability can expose you to significant financial risks and potential fraud. it is crucial to consider the following factors when evaluating investment opportunities: the track record and reputation of the company or individuals involved, the availability of comprehensive and verifiable information about the venture, the existence of necessary permits and licenses, and the assessment of potential risks and returns. By rejecting the shady offer, you prioritize protecting your investments and avoiding potential financial pitfalls.

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A census is a regularly-occurring and official count of a particular population. Census data available at the united states census bureau website are an example of:__________
A. Public information Result Correct Comment Census data is a public source of data.
B. The summarized data presented are available to individuals via the web without requiring a password.
C. When an individual completes the census form, there is no expectation that the data will remain private.
D. Census data do not describe behaviors, but provide information about members of a given population.

Answers

An example of Census data available is when summarized data presented are available to individuals via the web without requiring a password.

Let understand that "Census" refers to the survey conducted by the government of which the main purpose is to collect information about the general population of the country.

A typical Census collects information about name. address. basic demographics, date of birth, country of birth, education qualification, employment information and so on

Census is a public information but information collected therein are not opened to the public, rather, a statistics is drawn out of it and can therefore be used by the public for any purpose.

In conclusion, statistics drawn from the census can be found on website and are free to access by anyone.

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Suppose that a year of college has the following explicit costs: $17000 in tuition, $1000 in books and supplies, and $1500 for a computer. A year of college also has the following implicit cost: $35000 of foregone salary. A rational person would attend one year of college if the additional income and improved quality of life were worth how much

Answers

Answer:

A rational person would attend one year of college if the additional income and the improved quality of life were worth more than the cost of attending college for the year or more than $19,500

Explanation:

The given parameters are;

The tuition cost for a year of college = $17,000

The cost of books and supplies = $1,000

The cost for a computer = $1,500

The amount of forgone salary = $35,000

Therefore, the total cost for a year of college = $17,000 + $1,000 + $1,500 + $35,000 = $54,500

However, the amount by which a year in college exceeds the previous income = The cost of going to college  $17,000 + $1,000 + $1,500 = $19,500

Therefore, a rational person would attend one year of college if the additional or extra income above the previous income and the improved quality of life were worth more than the cost of going to college for one year which is $19,500.

10. All items are provided under one roof in
retailing.

Answers

depends on how big your business may be. Everyone starts out small, most businesses branch into several different departments throughout time! so it would be false.

______ occurs when the minor, after reaching majority, begins to perform the contract, such as making an installment payment on a loan for a car.

Answers

When a minor, who has reached the age of majority, starts performing a contract, such as making installment payments on a car loan, it is known as ratification. Ratification occurs when the minor, upon reaching the age of majority, affirms or confirms the contract that was originally made as a minor.

Here's a step-by-step explanation:
1. A minor is someone who has not yet reached the age of majority, which is usually 18 years old.
2. Minors generally lack the legal capacity to enter into contracts, meaning that any contract they make is considered voidable.
3. Voidable means that the contract can be either affirmed or disaffirmed by the minor upon reaching the age of majority.
4. Ratification happens when the minor, after turning 18, decides to continue with the contract and performs the obligations stated in the agreement.
5. In the context of the given question, making installment payments on a car loan is an example of ratification. The minor, now a legal adult, is voluntarily making payments and therefore affirming the car loan contract.


It's important to note that ratification must be done after the minor has reached the age of majority. If the minor had already started making payments while still a minor, those payments would not be considered ratification. Instead, they would be seen as a contract made during minority and could still be disaffirmed.

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the idea that investors, on average, have earned a higher return from common stocks than from treasury bills supports the view that:

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The idea that investors on average have earned a higher return from common stocks than from Treasury bills supports the view that: there is a relationship between risk and return.

Which investment kind normally yields the highest return?

Stocks have historically yielded investments with the highest average rate of return. However, stock is one of the riskiest investments because there are no assurances of earnings when you purchase shares.

What is the relationship between an investment's risk and projected return?

The return needed to entice investors to buy an asset is higher the riskier the investment is, and vice versa. It is clear from the link between risk and return that investors are risk averse; they need HIGHER rates of return to be persuaded to invest in riskier securities.

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types of environment ?​

Answers

Ecosystem

Desert

Forest

Tundra

Aquatic ecosystem

Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
a. True
b. False

Answers

The statement that comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners is true.

a. True Comprehensive income is a financial reporting concept that includes all changes in equity during a specific period, except for those resulting from investments made by owners (e.g., issuing new shares) and distributions made to owners (e.g., dividends).  It encompasses both net income (or loss) and other comprehensive income, which consists of gains or losses that bypass the income statement. Comprehensive income is designed to provide a more comprehensive view of an entity's financial performance and changes in equity, including items that are not captured in net income alone. These items may include foreign currency translation adjustments, unrealized gains or losses on certain investments, changes in the fair value of financial instruments, and actuarial gains or losses on employee benefit plans.

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What is a swot anaylasis

Answers

SWOT analysis is a strategic planning and strategic management technique used to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

I hope this helped!! <3

Answer:

a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.

Explanation:

mark brainliest

Describe each integration method and when best to use it.

**The integration methods mentioned are copy and paste, linking, and embedding

Answers

when you want to copy an object without a data connection to the source file , you should use the integration PASTE method.

office technology allows you to EMBED or place an unlinked copy Of , the contents of a word file into an excel worksheet.

after you create an object in one program , you can chose to either the LINK object or embed it in another program.


(Can you please mark me brainliest I really need it)

A government that is concerned about inflation wants to

Answers

A government that is concerned about inflation wants to take measures to reduce the rate of inflation. Inflation refers to the increase in prices of goods and services over time. To reduce inflation, the government can take various measures, including:

1. Monetary Policy: The government can adjust the money supply in the economy through its central bank. They can increase interest rates or decrease the money supply to reduce inflation.

2. Fiscal Policy: The government can also adjust its spending and taxation policies to manage inflation. They can increase taxes or reduce government spending to slow down economic growth and reduce inflation.

3. Supply-side policies: The government can implement policies that aim to increase the supply of goods and services in the economy. This can help to reduce prices and inflation.

4. Wage and Price Controls: The government can also impose price and wage controls to reduce inflation. This involves setting a cap on the prices of goods and services and limiting the amount that employers can pay their workers. However, this approach is controversial and can have unintended consequences, such as shortages of goods and services.

These are some of the measures that a government can take to reduce inflation. The specific measures taken depend on the economic conditions and the particular circumstances of the country.

Hayden works with flammable chemicals in his career in a perfume factory. Based on that information, which of the following conditions might warrant his higher wage. decision making stress level supervision danger or risks

Answers

The condition that might warrant his higher wage is the danger or risks present in the workplace.

What is the condition of the workplace?

The condition of the workplace present a high hazard because of the  flammable chemicals that can cause serious accident

Hence, the condition that might warrant his higher wage is the danger or risks present in the workplace.

Therefore, the Option D is correct.

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Answer:

D

Explanation:

ill give every answer when im finish dont delete me

Last​ year, Meether Company produced 18,200 units and sold 17,200 units. The company had no beginning inventory. Meether incurred the following​ costs:
Direct materials per unit
$31
Direct labor per unit
$15
Variable overhead per unit
$12
Total fixed manufacturing overhead
$91,000
Total selling and administrative
$7,000
Sales Price per unit
$170
Operating income under absorption costing is​ _____.
A. $1,833,400
B. $1,919,400
C.$1,840,400
D. $1,926,400

Answers

Answer: (A) $1,833,400



1. Calculate the total production costs:
- Direct materials per unit: $31
- Direct labor per unit: $15
- Variable overhead per unit: $12
Total variable cost per unit = $31 + $15 + $12 = $58

2. Calculate the total fixed manufacturing overhead per unit:
Fixed manufacturing overhead = $91,000
Total units produced = 18,200 units
Fixed manufacturing overhead per unit = Fixed manufacturing overhead / total units produced

                                                                    =  $91,000 / 18,200 = $5

3. Calculate the total cost per unit:
Total cost per unit = Total variable cost per unit + Fixed manufacturing overhead per unit

                               = $58 + $5 = $63

4. Calculate the cost of goods sold (COGS):
Units sold = 17,200 units
COGS = Units sold * Total cost per unit

          = 17,200 * $63 = $1,083,600

5. Calculate total sales revenue:
Sales price per unit = $170
Total sales revenue = Units sold * Sales price per unit

                                 = 17,200 * $170 = $2,924,000

6. Calculate the total selling and administrative expenses:
Total selling and administrative expenses = $7,000

7. Calculate the operating income under absorption costing:
Operating income (under absorption costing) = Total sales revenue - COGS - Total selling and administrative expenses

                               = $2,924,000 - $1,083,600 - $7,000 = $1,833,400

The operating income under absorption costing is $1,833,400.

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can someone help? it's accounting !​

can someone help? it's accounting !

Answers

Answer: i cant see

Explanation:

All of the following proved to be characteristics of the new information age economy excepta. instant global communications.b. high-tech computer and media businesses.c. the decline of traditional occupations mediating between products and clients.d. an end to the boom-and-bust capitalist business cycle.e. outsourcing of white collar American jobs to Third World countries.

Answers

The characteristic of the new information age economy that did NOT prove to be true is an end to the boom-and-bust capitalist business cycle. The answer is d.

The new information age economy is characterized by instant global communications, high-tech computer and media businesses, and the decline of traditional occupations mediating between products and clients. These changes have led to an increased reliance on technology and a shift away from traditional brick-and-mortar businesses.

However, despite the growth and stability of the information age economy, it has not led to an end of the boom-and-bust capitalist business cycle. The economy is still subject to fluctuations and crises, as seen in the dot-com bubble burst of the early 2000s and the financial crisis of 2008.

Despite this, the information age economy continues to grow and evolve, with new technologies and industries emerging regularly. Hence, d. is the correct option.

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PLEASE HELPP!!!
upload your table, and explain if you believe all businesses should have the same promotional strategies. Why or why not?

Answers

Answer:

No they should not all have the same promotional strategies. Some businesses have different goals, and different strategies can serve different goals. Different goals could be spreading awareness/widening shopper demographics, creating more demand for your products, etc. There are different promotional strategies for different purposes.

Explanation:

Answer:

Businesses should use different types of promotional strategies. Most businesses have different goals, and each strategy serves specific goals. There are different promotional strategies for different purposes. A company should research the best strategy for its target market and end goal.

Explanation:

I take an highschool business class!

Please don't copy word for word, this is just for inspo!

PLEASE HELPP!!!upload your table, and explain if you believe all businesses should have the same promotional

QUESTION 7 A city has two neighborhoods. If the demand for laundry services is QA=200-3P in one neighborhood and QB=300-5P in the other (and customers of each neighborhood don't go to the other), then the total demand for laundry services in this region is... Q = = 250-4P Q. = 100-2P = 500-8P

Answers

The total demand for laundry services in this region is given by adding the individual demands of both neighborhoods. Therefore, Q = QA + QB = (200-3P) + (300-5P) = 500 - 8P. So the total demand for laundry services in this region is 500 - 8P.

To find the total demand for laundry services in the city, we need to sum the individual demands from both neighborhoods. The demand functions are QA = 200 - 3P and QB = 300 - 5P.

To find the total demand Q, simply add QA and QB:

Q = QA + QB = (200 - 3P) + (300 - 5P)

Combine the terms:

Q = 200 - 3P + 300 - 5P

Now, simplify:

Q = 500 - 8P

So, the total demand for laundry services in the city is Q = 500 - 8P.

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The higher the interest rate, the other the_____ will be

A. Length of time until the investment doubles

B. Future value of money

C. Inflation rate

D. Present value of

Answers

The correct is B. Future value of money

1. SWOT analysis for raiSE Singapore Centre for Social
Enterprise (raiSE).

Answers

SWOT Analysis for raiSE Singapore Centre for Social Enterprise (raiSE): Strengths are Strong Network, Government Support, Expertise and Resources. Weaknesses are Limited Funding, Limited Awareness, and Limited Scale.

Strengths:

Strong Network: raiSE has established a strong network within the social enterprise community in Singapore, enabling collaboration and knowledge-sharing.

Government Support: As a government-supported initiative, raiSE receives support and resources from various government agencies, providing a strong foundation for its operations.

Expertise and Resources: raiSE has access to a pool of experienced professionals and resources that can support the development and growth of social enterprises.

Market Demand: There is a growing demand for social enterprises in Singapore, presenting opportunities for raiSE to foster the growth of the sector.

Weaknesses:

Limited Funding: Despite government support, raiSE may still face challenges in securing sufficient funding to support its programs and initiatives.

Limited Awareness: The general public may have limited awareness and understanding of social enterprises, which can hinder the adoption and success of raiSE's initiatives.

Limited Scale: As a relatively new organization, raiSE may face limitations in its ability to scale its operations and impact within the social enterprise ecosystem.

Opportunities:

Partnerships and Collaborations: raiSE can explore partnerships with corporate entities, NGOs, and educational institutions to expand its reach and leverage additional resources.

Policy Support: Continued government support and favorable policies can create a conducive environment for the growth of social enterprises, providing opportunities for raiSE to thrive.

Innovation and Technology: Embracing technological advancements and fostering innovation can enhance the effectiveness and efficiency of raiSE's operations and support the development of innovative social enterprises.

Threats:

Competition: The social enterprise sector in Singapore is becoming increasingly competitive, with new entrants and existing players vying for resources and market share.

Economic Conditions: Economic downturns or uncertain market conditions can impact funding availability and consumer spending, affecting the growth and sustainability of social enterprises.

Regulatory Challenges: Changes in government policies or regulations can pose challenges for raiSE and the social enterprise sector as a whole.

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_________ is/are known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Answers

Supply chain management is/are known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.

The best definition of management relates to the best way to accomplish tasks and achieve goals by planning, organizing, staffing, directing and controlling functions or processes. Furthermore, a lot of important information about management and its work can be derived from this definition.

Corporate governance is the coordination and organization of business activities. Business managers oversee operations and help employees achieve peak productivity.

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Due to an international financial crisis, Canada experiences a significant inflow of funds from other countries. Explain the effect that this inflow of funds will have on the following :
(a) The international value of the Canadian dollar
(b) Canadian net exports
(c) The real interest rate in Canada
(d) The level of investment in Canada

Answers

(a) The international value of the Canadian dollar: The significant inflow of funds into Canada due to the international financial crisis would generally lead to an appreciation of the Canadian dollar.

As more funds are coming into the country, the demand for the Canadian dollar increases, which drives up its value in international currency markets. This means that the Canadian dollar would strengthen relative to other currencies.
(b) Canadian net exports:
The inflow of funds into Canada could have a negative impact on Canadian net exports. When the Canadian dollar appreciates, it becomes more expensive for foreign buyers to purchase Canadian goods and services. This can lead to a decrease in demand for Canadian exports, potentially reducing Canadian net exports.
(c) The real interest rate in Canada:
The influx of funds into Canada can potentially lower the real interest rate. As foreign funds flow into the country, they increase the supply of loanable funds available in the domestic financial market. This increased supply can exert downward pressure on interest rates, including the real interest rate, which accounts for inflation. Lower real interest rates can stimulate borrowing and investment in the country.
(d) The level of investment in Canada:
The significant inflow of funds can lead to an increase in the level of investment in Canada. With more funds available, businesses and individuals have greater access to capital for investment purposes. Lower interest rates resulting from the inflow of funds can also incentivize borrowing for investment, further boosting the level of investment in Canada. This increased investment can have positive effects on economic growth and productivity in the country.

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Chenglei, an IT manager, has been studying the actions that his workers perform in an attempt to improve their productivity. Chenglei is utilizingA) job evaluationB) management science.C) behaviorism.D) the Hawthorne effect.E) scientific management

Answers

Answer: scientific management

Explanation:

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