Discuss cloud computing and how it can benefit an organization
What will be an ideal response?
Cloud computing allows an organization to rent or license applications from third-party providers. The applications are run at remote sites, thus freeing the organization from maintaining the application and associated hardware. Users pay for the software on either a per-use basis or month-to-month. One example of a clouding computing application is Google apps.
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The allowance for doubtful accounts will not be precise by either the client or the auditor because of which of the following reasons?
a. It is an accounting estimate based upon judgment. b. GAAP is not clear on the calculation of the allowance. c. It is merely a reserve that is reversed by the client as income is needed for profitable results. d. The precision is determined by the results of confirmation responses.
Evaluate the four types of communication discussed in the textbook to determine which method would be best to send an important message, such as the resignation of a position.
What will be an ideal response?
Electrical costs at one of Rome Corporation's factories are listed below: Machine-Hours Electrical CostMarch458 $1,007April423 $934May440 $979June409 $902July426 $952August372 $822September414 $926October431 $949November468 $1,025 Management believes that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method, the estimate of the variable component of electrical cost per machine-hour is closest to:
A. $1.80 B. $0.47 C. $2.11 D. $2.21
Debts that cannot be discharged in bankruptcy include all EXCEPT A)money owed for alimony
B)income taxes for 3 years prior to filing. C)money owed to utility companies. D)money obtained fraudulently.