Which IT system allows accountants to quickly build ad hoc reports and make structural changes in the organizational data?

A. Accounting information systems
B. Web systems
C. Spreadsheets
D. Database management systems


D. Database management systems

Many accounting systems require ad hoc reports and structural changes to keep up with changes to the company. The accountant is responsible for keeping the accounting system current. This requires knowledge of database management systems as accounting information is stored in a database.

Business

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The Car Service Center has the design capacity to perform an average of 60 repairs per day. The effective capacity of this repair shop is an average of 40 repairs per day, while the actual repairs number an average of 36 per day. Given this information, the capacity efficiency percentage is ______.

A. (36/40) x 100% B. (36/60) x 100% C. (40/60) x 100% D. ((36 x 40)/60) x 100%

Business

Answer the following statements true (T) or false (F)

The key components of a comprehensive self-leadership framework include world altering strategies, individual strategies, natural rewards, and team self-leadership.

Business

What equals the income tax expense divided by financial reporting income before income taxes?

a. marginal tax rate b. effective tax rate c. tax burden rate d. statutory rate e. average tax rate

Business

At common law, parties to an illegal contract were considered in equal fault

Indicate whether the statement is true or false

Business