Which of the following is an advantage of prepackaged software?
A) It requires a short implementation time.
B) It includes new features that a company requires.
C) It is always well-fitted to enterprise architecture.
D) It has high overall costs.
A
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Dimension Inc had net income for 2016 of $24,000 . It declared and paid a $13,000 cash dividend in 2016 . If the company's retained earnings for the end of the year were $39,600, what was the company's retained earnings balance at the beginning of 2016?
a. $28,600 b. $50,600 c. $76,600 d. $2,600
A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630 . What entry is required in the company's accounts?
a. debit Accounts Payable; credit Cash b. debit Cash; credit Accounts Receivable c. debit Cash; credit Accounts Payable d. debit Accounts Receivable; credit Cash
An example of a dramatic ________ change is the increasing connectivity that links customers, machines, vehicles, appliances, and mobile devices to create the Internet of Things.
A. managerial B. economic C. technological D. regulatory E. ethical
The data of Franklin Brothers Corp. for two years are given below
2016 2017 Cash and cash equivalents $5,300 $12,300 Total current liabilities 24,000 35,000 Based on the above information, which of the following statements is true? A) Cash ratio has increased from 0.02 in 2016 to 0.03 in 2017. B) Cash ratio has increased from 0.05 in 2016 to 0.08 in 2017. C) Cash ratio has increased from 0.351 in 2016 to 0.221 in 2017. D) Cash ratio has increased from0.221 in 2016 to 0.351 in 2017.