organizations invest in data collection and storage as part of their various business processes. the tools of data management include database management systems, extract transform and load tools, metadata directories, and the like. rigor and discipline in the use of these tools is essential to ensure that: clo 2, 4, 5 group of answer choices
a. all essential data is collected for each business process
b. all data is standardized across the enterprise
c. the total cost of data management is kept under control
d. the stored data is of the highest quality and accuracy and that it is readily retrievable
Answers
The data is accurately and completely saved, and it may be easily retrieved.
How would you define business?A person who produces items or provides services with the intention of selling them for a profit is engaging in business. Enterprise Definition. An innovative company or group that engages in professional activities is referred to as a business. They might be industrial, commercial, or something else.
What are business fundamentals?Most businesses begin with a plan. Business owners utilize the information or recommendations in their plans for their businesses to achieve their aims and objectives. Startup plans provide details on the management style, organizational structure, financial requirements, and market analysis for the new company endeavor.
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Related Questions
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers?
a.)Reduced monitoring by financial markets
b)Compensating managers with stock options
c)Financing risky projects with additional debt
d)Reducing the threat of hostile takeovers
e)The use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions
Answers
What could reduce potential conflicts of interest is the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions
Let understand that Shareholders are basically the “owners” of the company and they are entitled to dividend payments and stock price appreciation because they bought shares.
Let understand that Managers are the people or officers who manage the company (& shares) on a daily basis.
Now, there can be conflicts of interest between stockholders and managers because of disagreement on what should be and not.The major actions that can help to reduce this conflict are covenants in bond agreements. By reason of this, the manager of limited on what to do with the funds of the shareholders and can be penalized if found defaulted by law.Learn more about covenants in bond agreements
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What is a difference between a cover letter and an introduction statement?
You only need to use formal language in an introduction statement.
A cover letter is typically submitted with a resume. An introduction statement is used with online applications.
Introduction statement are more detailed than cover letters.
A cover letter is much shorter than an introduction statement.
Answers
The difference between a cover letter and an introduction statement is that C. A cover letter is typically submitted with a resume. An introduction statement is used with online applications.
What is a cover letter?Although they have a similar format, a cover letter and an introduction letter serve very different purposes. A letter of introduction informs a potential employer of your qualifications and expresses your desire to be considered for a position. In response to a recent job posting, a cover letter is written.
The main distinction is that a supporting statement is included in the application form and responds to questions like "Please explain why you are perfect for this role," whereas a cover letter is typically sent separately from your CV.
In a cover letter for a job application, you can introduce yourself personally and argue why hiring you would be wise. Include specific examples from your prior experience that show you are qualified for the position in your cover letter, which should be three paragraphs or less long.
Therefore, based on the information illustrated, the correct option is C.
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2. Describe the environment facing Chief Wearing in terms of leader-member relations, task structure, and position power. Using Fiedler's model, what leadership style do you think is most appropriate given the situation you just described? Does this style match Chief Wearing's?
Answers
Chief Wearing should adopt a delegative leadership style would be best for this situation as there is a division of work.
A delegative leadership style known as "laissez-faire" emphasizes delegating initiative to team members. Most people consider this to be one of the least intrusive types of leadership; this means "let them do" in English. As a result, it is regarded as a very hands-off leadership style.
This kind of leader relies on their employees to do their jobs and has trust in them. They don't micromanage and don't get too involved in giving advice or feedback. Delegative leaders, on the other hand, allow employees to use their experience, resources, and creativity to achieve their objectives.
If team members are competent and take responsibility for their work, this strategy for leadership can work. Delegative leadership, on the other hand, has the potential to divide a group and cause disagreements among team members.
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Integrated brand promotion in action is a way to showcase how certain brands are integrating various forms of advertising and marketing communication.TrueFalse
Answers
True, A approach to demonstrate how specific brands are merging multiple forms of advertising and marketing communication is to use integrated brand promotion.
Transmitting information is often how communication is characterized. The phrase can either refer to the message itself or to the discipline of study known as communication studies, which looks at these transmissions. There are some differences of opinion regarding the precise definition of communication, such as whether accidental or unsuccessful transmissions are included included and whether communication actually creates meaning in addition to transmitting it. Models of communication are frequently used to provide a clearer idea of the essential components of communication and how they interact. The notion that a source use a coding scheme to describe information as a message is present in many models. A receiver must decode the message sent by the source across a channel in order to understand what it is saying.
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Employee morale can be supported when communicating to employees about major events that affect them and their jobs by delivering the news _______. a. through the grapevine b. through news accounts c. from management personally d. from co-workers
Answers
The Employee morale can be supported when communicating to employees about major events that affect them and their jobs by delivering the news from management personally.
Employee morale refers to a person's attitude, level of contentment, and general outlook while working for a company or the organization. If your company has a bad culture, negative communicating like low productivity, low employee happiness, etc. will result. Everyone will be drawn to the morale example of paid time off. The employees can receive an unexpected "free day" as a token of thanks for their efforts on a recently finished project, for instance.
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Maturity date: At the maturity date, the bondholder returns the bond to the corporation and receives cash equal to the bond's face value.
Answers
The principal amount of a note, draught, acceptance bond, or other the debt instrument becomes due on the maturity date.
The principle investment is returned to the investor on this date, which is typically printed on the certificate of the relevant amount instrument, and the interest payments that were routinely made throughout the bond's existence come to an end. The due date (termination date) by which an instalment debt loan must be the fully repaid is often referred to as the maturity date. The term "maturity date" also refers to the deadline for the making a full payment on an instalment loan.
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What kind of policy is minimum wage?
Fiscal or Monetary?
Answers
Answer:
fiscal
Explanation:
fiscal
Answer:
minimum wage is 7.25 per hour.
Explanation:
An effective website will offer
clarity, meaning that it communicates all information clearly and concisely
consistency, meaning that it offers information that is factual and honest
conversion, meaning that the layout, design, and overall look of all its pages match
credibility, meaning that it effectively converts online readers into customers
Answers
An effective website will offer credibility, meaning that it effectively converts online readers into customers.
What is a website?A website is a collection of related web pages, images, videos, and other digital assets that are hosted on a web server and are accessible via the internet. Websites are used for a variety of purposes, such as providing information about a company, providing access to online products and services, and even as a platform for online communication. Websites are typically created using a combination of HTML, CSS, and JavaScript, and are typically hosted on a web server.
Credibility is a measure of the trustworthiness and reliability of a website. An effective website will focus on converting online readers into customers by providing credible, accurate, and factual information.
It can be concluded that an effective website will offer credibility, meaning that it effectively converts online readers into customers.
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if a company purchases treasury stocks, this will be included in the cash flow statement categroy of:
Answers
Answer: The answer is financing activities
Explanation: Stockholders' equity is affected when treasury stock is
purchased. In the section of the statement of cash flows related to
financing activities, changes in stockholders' equity and long-term
liabilities are reported. Cash from financing will decrease after the
acquisition of Treasury Stock.
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What lies is at the heart of the allocation of goods and services in a free-market economy?
Answers
The notion that lies at the heart of the allocation of goods and services in a free-market economy is the Law of Supply and Demand.
How are resources allocated in the free market?In the free market, people are free to supply and demand various types of goods ( so long as they are legal ) which allows for resources to be allocated such that those demands are met.
The way that these resources are allocated is that there is an interaction between those who are able to supply goods, and those who demand those goods, based on the prices that the people selling and buying are willing to accept, or pay.
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which of the following items are likely to be normal goods for a tropical customer? which is likely to be inferior goods?
a) Expensive perfume
b) paper plates
c) Secondhand clothing
d). Overseas trips
Answers
What percentage of personal finance is head knowledge?
Answers
Answer:
It's 20%
Explanation:
Personal Finance is 80 percent behavior.
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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assuming a conservative interest rate of 5.3 how much would you need to save each year to reach 105,000 in 14 years
Answers
To calculate how much you need to save each year to reach $105,000 in 14 years with a conservative interest rate of 5.3%, you can use the formula for compound interest. The formula for calculating compound interest is A = P(1+r/n)^(nt), where A is the final amount, P is the principal amount, r is the interest rate, n is the number of times the interest is compounded per year, and t is the time in years.
In this case, we know that the principal amount (P) is $0 (since we are starting from scratch), the interest rate (r) is 5.3%, the time (t) is 14 years, and we want to end up with $105,000 (A). We don't know the number of times the interest is compounded per year (n), so let's assume it's compounded annually.
Plugging in the values into the formula, we get:
A = P(1+r/n)^(nt)
$105,000 = $0(1+0.053/1)^(1*14)
Simplifying the formula, we get:
105,000 = 0(1.053)^14
105,000 = 0(2.094)
105,000 = 0
This is obviously incorrect. The reason for this is that we need to calculate how much we need to save each year, not the starting principal. To do this, we need to rearrange the formula:
A = P(1+r/n)^(nt)
P = A/(1+r/n)^(nt)
In this case, we want to find P, which is the amount we need to save each year. Plugging in the values, we get:
P = A/(1+r/n)^(nt)
P = 105,000/(1+0.053/1)^(1*14)
P = 105,000/1.946
P = $53,930.50 (rounded to the nearest cent)
Therefore, to reach $105,000 in 14 years with a conservative interest rate of 5.3%, you would need to save $53,930.50 each year. Keep in mind that this is assuming the interest rate remains constant and there are no additional fees or charges.
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Which of the following budgeting options increases the marketing budget by the rate of the company's inflation?
rule of thumb budgeting
objective and task budgeting
competitive budgeting
arbitrary budgeting
Answers
Answer:
D. objective and task budgeting I believe
Explanation:
Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks
As financial controller at a manufacturing company, you have been advised by a colleague that the sales director is unlawfully declaring fuel benefits as the tax value is high. This has been creating higher profit margins and if declared those margins will go down. There is potential that this could push the company into insolvency, which would result in job losses for 300 employees. You have made the other directors aware of the situation but they have expressed a wish not to disclose the misleading tax bill. You are aware that by declaring this information to the tax authorities, as required by law, that the organization may have to declare insolvency and those 300 employees could lose their jobs. What would you do?
Answers
Answer:
so many words i cant understand the of it
As the financial controller facing this ethical and legal dilemma, here's a course of action you could consider below:
What would you do?Seek advice from legal professionals to fully understand the legal implications of not reporting the accurate tax information. This will help you make informed decisions based on the law and potential consequences.
Keep thorough records of your interactions, discussions, and decisions related to this matter. Documentation will be crucial if any legal or ethical issues arise later.
Engage in open and honest discussions with the other directors, emphasizing the potential legal and ethical ramifications of not reporting accurate tax information. Stress the importance of transparency and compliance with the law.
Explore alternative ways to address the issue without causing potential insolvency. This could include discussing options with tax authorities, seeking professional advice on managing tax liabilities, or making changes to the company's financial strategy.
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WILL MARK BRAINLIEST
Question 1:
A government imposes a per-unit tax on light bulbs in a competitive market. Afterward, the seller's after-tax price increases from the original equilibrium price of $12 to $14. The marginal cost of lightbulbs was $9 before the tax and $12 after the tax was implemented. The quantity supplied decreases from a before-tax quantity of twelve thousand bulbs per month to ten thousand bulbs per month after the tax. Based on this, which of the following is true?
A) Total consumer expenditures on light bulbs increase after the tax.
B) The amount of deadweight loss is $20,000 after the tax.
C) Total revenue earned by light bulb producers increases after the tax.
D) The total tax revenue collected by the government is $30,000 per month.
E) Consumers and producers are sharing an equal percentage of the tax burden.
Question 2:
The suppliers of Automobile A are struggling to increase production in response to price increases at the same rate as the suppliers of Automobile B. What can be determined about the suppliers of Automobile B?
A) They sell superior products.
B) They have a greater price elasticity of supply.
C) They are currently experiencing unit elasticity.
D) They have acquired a trade deal to boost production.
E) They have acquired an increase in technology or labor.
Answers
Answer:
ans 1: A. Total expenditure on light bulbs increases after the tax.
Explanation:
The government has imposed a tax on light bulb production and the new price after the tax is $14. The price before the tax was $12 and the marginal cost before tax was $9. There was a profit of $3 for the producers of the light bulb. The tax burden is shifted to the consumers of the bulb since the marginal price after tax is $12. The total expense for the production of bulbs has increased due to tax.
ans 2: B. They have a greater price elasticity of supply
hope it helps!!!
Answer 1: After the tax, the overall cost of light bulbs increases. As a result, choice (A) is the appropriate one.
Answer 2: They have a higher supply price elasticity. As a result, choice (B) is the optimal one.
What is the price elasticity of supply?A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. A good's supply will grow as its price rises, according to fundamental economic theory. A good's supply will fall when its price rises, on the other hand.
The ratio of the percentage change in quantity supplied to the percentage shift in price is used to depict the elasticity in numerical form.
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Trade barriers can hurts a country‘s economy by:
A) reducing competition for domestic industries
B) increasing its economy is reliance on other countries
C) reducing its overall economic efficiency
D) increasing the variety of available consumer games
Answers
Answer:The answer is C
Explanation: just took the quiz
Trade barrier can hurt a country's economy by reducing its overall economic efficiency. Thus, option C is correct.
What is trade barriers?Trade barrier consists of various policies and reforms on international trading that is applied by the government to protect the country.
Implementation of trade barrier results in reduction of overall economic efficiency and growth as the business may face various problems while importing or exporting good and services.
Trade barriers create problem when it comes to international trading with various restrictions which results in reduction in overall efficiency. Therefore, C is the correct option.
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The fact that human wants cannot be fully satisfied with available resources is called the problemof
A)normative economics.
B)who will consume.
C)scarcity.
D)opportunity costs.
E)what to produce
Answers
The fact that human wants cannot be fully satisfied with available resources is called the problem of C)scarcity.
What is scarcity in the economy?One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy.
Economics is primarily concerned with the issue of scarcity because, despite the fact that human needs and wants are limitless and growing, there are only so many resources that can be used to satisfy them. This prevents humans from completely meeting their wants.
Therefore, option C is correct.
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You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per month, and you have contractual salary obligations of $1,000,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper.
please look at the attached image, I would love some help because I'm confused!
Answers
If sales fall by 20 % from 1,000,000 papers per month to 800,000 papers per month, the AFC per paper will rise from $1.5 per paper to $1.875 per paper.
Since the marginal printing cost is $0.35 per paper and the marginal delivary cost is $0.10 per paper.It will not be affected with a decrease in the sales of paper per month
If the sales decrease from 1,000,000 to 800,000 then for break-even point, the minimum price charged will increase from $1.95 per paper to $2.325 per paper
How to calculate the value?Total fixed cost = 500,000+ 1,000,000
=$ 1,500,000 per month
If the sales of paper falls from 1,000,000 per month to 800,000 paper per month.
AFC= total cost / quantity of paper
if salesis 1000,000
AFC=1,500,000/1,000,000
=$1.5 per paper
If sales is 800,000
AFC=1,500,000/800,000
=$1.875 per paper
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application sick live
Answers
Oooooo
Sir/Mam, Most respectfully, I beg to state that I am not in a condition to come to the school since I am suffering from fever. I have been prescribed by our family doctor o take proper rest for at least [number of days] days. Hence, kindly grant me leave from (start date) to (end-date)
Everfi understanding financial aid
Answers
Answer:
Their primary goal is To protect consumers by regulating financial products and services.
Without their regulations, many corporations that operate in financial services tend to do several things that would hurt the consumers such as doing inside tradings or not fully disclosing their financial situation by opening a fake corporation offshore.
hopefully im right
Explanation:
Which of the following would cause consumers to demand fewer slices of pizza?
A. an increase in the supply of pizza slices
B. a decrease in the supply of tacos
C. an increase in the price of pizza slices
Answers
Answer:
C.
Explanation:
All the others make the supply of pizza larger, or high demand
Rooms booked well in advance may receive a lower rate than those rooms booked at
the last minute. What term best refers to this concept?
ADR
Orack rate
yield management
accounting services
Answers
Answer:
Explanation:
The answer is c. 200 rooms
Reconciling and Computing Operating Cash Flows from Net Income
Petroni Company reports the following selected results for its current calendar year.
Net income $130,000
Depreciation expense 28,000
Accounts receivable increase 10,000
Accounts payable increase 6,000
Prepaid expenses decrease 3,000
Wages payable decrease 4,000
(a) Prepare the operating section only of Petroni Company's statement of cash flows for the year.
Hint: Remember to use negative signs with answers when appropriate.
Petroni Company
Statement of Cash Flows
(operating section)
Operating activities
Net income $Answer
Adjustments to reconcile net income to operating cash flow
Depreciation Answer
Changes in operating assets and liabilities
Accounts receivable Answer
Prepaid expense Answer
Accounts payable Answer
Wages payable Answer Answer
Net cash provided from operating activities
$Answer
In respect of questions that follow (1) give reasons for your choice (2) Give reasons why other choices are not appropriate
(b) Which of the following statements best describes the sign (positive or negative) on depreciation expense?
The sign on depreciation is positive because depreciation lowers the tax liability of the company. A decrease in tax liability generates an increase in net income since less tax is paid.
The sign on depreciation is positive because the computation of net income included a noncash depreciation expense. The noncash expense is removed by adding depreciation.
The sign on depreciation is negative because expenses are always subtracted from net income in cash flow statements to reflect the true amount of cash generated from operating activities.
The sign on depreciation is negative because cash is paid for equipment used in operations that are not yet reflected in the cost of goods sold. This increase in the cost of goods sold is subtracted from net income.
(c) Which of the following statements best describes the reason that accounts receivable is listed on the statement of cash flows?
An increase in accounts receivable means Sales have also increased. Sales are an increase in cash and contribute a positive cash flow. Therefore, an increase in accounts receivable is listed on the cash flow statement as a positive adjustment to net income.
An increase in accounts receivable means more cash has been received than has been reported in Sales. This surplus is an increase in cash and contributes a positive cash flow. Therefore, an increase in accounts receivable is listed on the cash flow statement as a negative adjustment to net income.
An increase in accounts receivable means less cash has been received than has been reported in Sales. This deficit is a decrease in cash and contributes a negative cash flow. Therefore, an increase in accounts receivable is listed on the cash flow statement as a negative adjustment to net income.
An increase in accounts receivable means Sales have also increased. Sales have increased, but cash has not yet been received. Therefore, an increase in accounts receivable is listed on the cash flow statement as a negative adjustment to net income.
(d) Which of the following statements best describes the reason that prepaid expense is listed on the statement of cash flows?
Since prepaid expense is an asset, a decrease in prepaid expense means assets have decreased causing cash to decrease. This contributes a negative cash flow. Therefore, a decrease in prepaid expense is listed on the cash flow statement as a negative adjustment to net income.
Since prepaid expense is a liability, a decrease in prepaid expense means liabilities have decreased causing cash to increase. This contributes a positive cash flow. Therefore, a decrease in prepaid expense is listed on the cash flow statement as a negative adjustment to net income.
Prepaid expense is an asset because Cash had been paid, but the expense had not yet been realized. A decrease in this asset means an expense has been recognized in the current period, decreasing net income, but not affecting cash. Therefore, decrease in prepaid expense is listed on the cash flow statement as a positive adjustment to net income.
Prepaid expense is a liability because expense has been realized, but Cash has not yet been paid. A decrease in liabilities leads to an increase in Cash and positive cash flow. Therefore, a decrease in prepaid expense is listed on the cash flow statement as a positive adjustment to net income.
Answers
Answer:
Net Income $130,000
Depreciation Expense $28,000
Accounts Receivable -$10,000
Accounts Payable -$6,000
Prepaid Expenses $3,000
Wages Payable $4,000
Cash from Operating Activities $149,000
when you go back to the house, do u wear shoes in your house
Answers
Answer:
No, i live in an asian household-
Explanation:
. A firm has $5 billion outstanding in long-term bonds. The firm currently has sufficient cash flow to make the scheduled coupon payments but would struggle to make those payments in the future if a substantial weakening of the economy occurs. The most likely rating on these bonds is:
a. B.
b. CCC.
c. AAA.
d. BBB.
Answers
The most likely rating for these bonds would be CCC based on the information supplied. As a result, choice (B) is a correct response.
The most probable rating for these bonds, according on the information given, is CCC. According to the presented scenario, the company might have trouble making future coupon payments if the economy significantly weakens. This implies that the company's financial health and credit standing may be in jeopardy.
Bonds with a CCC rating often have a very high credit risk, meaning there is a high chance they will fail or have payments fall behind schedule. This grade is in line with the described circumstances and expresses worries about the firm's capacity to pay its debts in the future.
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Economic growth results in an improved what?
Answers
Economic growth results in an better standard of living.
What is Economic growth?A country's economy is said to be growing when the value of its goods and services rises, generating more revenue for companies. Consequently, stock prices increase. This provides businesses with money to expand and recruit more workers. Incomes increase as more jobs are created.
Real GDP growth, or the value of national output, income, and expenditure, is a measure of economic growth. The main advantage of economic growth is a rise in living standards, which translates into higher real wages and the capacity to invest more money in sectors like health care and education.
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a) "Tranings are are the most important part of any occupation": justify it
Answers
Answer:
Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.
There are several reasons it is important for employers to initiate training programs for their employees, such as:
It improves skills and knowledge
Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.
It satisfies the recommendations of performance appraisal.
When an organization's employee performance appraisals suggest the need for improvement on a particular subject or skill, training programs can be organized for staff members to help satisfy this requirement. Training can therefore address an identified problem area and work toward a solution.
It prepares employees for higher responsibilities.
Training programs can also help prepare employees who are moving into higher roles and taking on more responsibilities in an organization. These programs will help them learn the skills that are required to function effectively in their new positions. For example, they may be trained in leadership skills or in a specific software they will use in their new role.
It shows employees they are valued.
Implementing training programs in the workplace will help employees feel like the company is invested in them. By continuing to teach your employees new skills and abilities, they will not just become better workers, they will feel like more productive members of the organization. This will improve their morale as well as their workplace capabilities.
It tests the efficiency of a new performance management system.
Employee training programs help an organization test the efficiency and effectiveness of a new performance management system, which will help HR establish clearer performance expectations. Using these systems to train your employees will reinforce the necessity of meeting goals and help employees better understand what is expected of them.
It improves IT and computer skills.
Training programs help employees learn about specific computer skills and IT topics, such as the use of software systems. Companies may train their employees to create graphs and spreadsheets, edit data in their database and understand network arrangements in order to provide a more comprehensive understanding of computers to improve workplace efficiency.
began a new development project in 2020. The project reached technological feasibility on June 30, 2021, and was available for release to customers at the beginning of 2022. Development costs incurred prior to June 30, 2021, were $3,210,000, and costs incurred from June 30 to the product release date were $1,410,000. The 2022 revenues from the sale of the new software were $4,008,000, and the company anticipates additional revenues of $6,012,000. The economic life of the software is estimated at four years. Amortization of the software development costs for the year 2022 would be:
Answers
Answer:
$352,500
Explanation:
Development costs incurred prior to June 30, 2021 must be expensed, they cannot be capitalized.
Capitalized R&D costs = $1,410,000
External use software (software intended to be sold to third parties) should be amortized using straight line amortization (4 years in this case):
amortization expense = $1,410,000 / 4 = $352,500