Which of the following explains why there is no month-end posting to controlling accounts in a computerized accounting system?
A) controlling accounts are the sum of the balances in the subsidiary
B) when transactions are entered, they are posted immediately to all affected accounts
C) the computer does not make posting and mathematical errors
D) computerized accounting keeps a "running balance" on all accounts; therefore, posting is not necessary.
B
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Answer the following statements true (T) or false (F)
1. Communication is the transfer of information and understanding from one person to another. 2. You are an efficient communicator when your intended message is accurately understood by the other person. 3. Encoding is defined as an attempt to disguise a message so that only the desired recipient can interpret it. 4. Bret had many spelling and grammar mistakes in his report, some of which made the content difficult to understand. This is an example of poor decoding.
Describe the pyramid of corporate social responsibility and include a description of its components
What will be an ideal response?
The management of Vencura Inc. approves the purchase of a few computers for the sales team. The management wants only the most basic functions in the computers, such as managing the file system, reading programs and data into main memory, and allocating system memory among various tasks to avoid conflicts. In this scenario, which of the following categories of software does Vencura Inc. require?
A. System software B. Antivirus software C. Applications software D. Copylefted software
Famous Farm's payables deferral period (PDP) is 50 days (on a 365-day basis), accounts payable are $100 million, and its balance sheet shows inventory of $125 million. What is the inventory turnover ratio?
A. 4.73 B. 5.26 C. 5.84 D. 6.42 E. 7.07