Programs designed to perform specific jobs, such as calculating and executing a company's payroll, are collectively called _____.
A. application-specific software
B. general-purpose application software
C. packaged software
D. utility software
Answer: A
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Amengual Corporation began operations in 2011 and had operating losses of $400,000 in 2012 and $300,000 in 2013 . For the year ended December 31 . 2014, Amengual had a pretax financial income of $600,000 . For 2012 and 2013 . assume an enacted tax rate of 30 percent, and for 2014 a 35 percent tax rate. There were no temporary differences in any of the years. In Amengual's 2014 income statement,
how much should be reported as income tax expense? a. $0 b. $30,000 c. $180,000 d. $210,000
The flipped classroom reverses the traditional learning arrangement by delivering instructional content online outside of the classroom and moving homework into the classroom.
Answer the following statement true (T) or false (F)
Keyton Corporation's net operating income in Year 2 was $43,714, net income before taxes was $30,714, and the net income was $21,500. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $1,148,000 and at the end of Year 1 to $1,130,000. The company declared and paid $3,500 dividends on common stock in Year 2. The market price per share was $8.43 at the end of Year 2. The company's dividend payout ratio for Year 2 is closest to:
A. 16.3% B. 11.4% C. 0.8% D. 1.8%
In October, Ashton Co ordered machines from Ross Tool to secure propellers onto airplanes. Delivery was set for December. In November, Clyde told Ashton that its propeller supplier could not ship propellers that would fit the Ross machines. Ashton told Ross that it was canceling the contract for the machines. Ross may sue:
a. Clyde for breach to recover additional expenses not compensated by a resale or salvage b. Clyde for breach to recover additional expenses not compensated by a resale or salvage—but only if thecontract is governed by the CISG c. Ashton for breach to recover additional expenses not covered by the resale or the salvage d. Ashton for punitive damages only e. but will get nothing, it's stuck