Select all that apply Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Batch processing accumulates source documents for a period of time and then processes them all at once. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. An advantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. An advantage of batch processing is the lack of updated databases for management to use when making decisions.

Answers

Answer 1

Answer:

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Hence, activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as operating activities. All the net income or cash from all operational business activities of a company is recorded as operating activities.

The correct statements that best describes data processing in accounting includes;

I. Batch processing accumulates source documents for a period of time and then processes them all at once.

II. Online processing enters and processes data as soon as source documents are available.

III. An advantage of online processing is timeliness.

IV. Accounting systems differ with regard to how input is entered and processed.


Related Questions

A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​

Answers

Answer:

30Km

Explanation:

Carlos is planning a trip to Japan. He needs to convert U.S. dollars to
Japanese yen. When he looks up the exchange rate, he sees that it costs
122.45 yen to buy one U.S. dollar. How much does it cost to buy a Japanese
yen with U.S. money?
A. 82
B. 1
C. 0.0082
D. 1.2245

Answers

To purchase a Japanese yen using U.S. currency, it costs $ 0.0082. As a result, choice (C) is the right one.

Why does money value differ from country to country?

The interplay of a number of national and international variables, including supply and demand on the foreign exchange markets, interest rates set by the central bank, inflation and economic growth at home, and trade balances between nations, determines the strength of a currency.

Because different nations have diverse economic environments, several currencies exist. A country that exports a lot of goods will typically strive to have a low-value currency to maintain its trade advantage and entice consumers to purchase its goods.

According to Kenneth Rogoff, a professor of economics at Harvard University, the Federal Reserve is on track to raise interest rates faster than other significant nations, which has contributed significantly to the dollar's rise.

Hence, the accurate answer is option (C).

Learn more about the value of currencies, from:

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Answer:

1. DO NOT PUT a negative currency balance

2. 0.0082

3. Lower cost of production

4. Establishing a secure monetary system

5. the size of the market

6. central bank

7. comparative advantage

8. movies

9. Having familiarity with laws and regulations

10. international business can be riskier than domestic business but the size of the market makes it a very attractive option

Explanation:

U5L2: Quiz 3

90%

I got number 1 wrong so do not put the answer i wrote down

Review the following sources and decide if they are reliable and relevant.

two books from a bookstore or library
a newspaper article in the business section
news or a program on TV
the following Web sites:
CNN Business
Fidelity Investments
Investing for Beginners

Answers

Answer:

CNN business is left wing( which means it will tilt the info to fit the party)

Try using something neutral

Many commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. This saves time, improves traffic flow, and means drivers don't need to keep exact change in their cars. It also offers New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day, such as charging a higher toll for morning and afternoon rush hour periods. This pricing strategy is

Answers

Answer:

off-peak pricing

Explanation:

Off-peak pricing is defined as the type of pricing where there is a lower charge for services when there is less flow of customers. It provides an incentive to keep customers that patronise a business when there is less demand.

When there is a rush or higher demand the price can now go higher.

In the given scenario where commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. Also New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day.

This is an off-peak pricing system

promt
what is insurance?​

Answers

Answer:

is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Answer:

Insurance is a contract in which an insurer promises to pay the insured party a sum of money if an event occurs in the future and in return for regular small payments known as premiums

Explanation:

Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.

Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
Yes
No

Answers

Yes it is hope this helps

Answer:

NO    edge 2023

Explanation:

Effective decision makers are able to ______.
a.
Predict most or all consequences of actions
b.
Implement plans of action
c.
Identify the resources available to them
d.
List all realistic choices they can make
e.
All of the above

Answers

Answer:

E. All of the above

Explanation:

By using the decision making process, effective decision makers are able to do all of those things.

Competent decision-makers can anticipate the majority of outcomes or all of them. Execute action plans What resources are at their disposal  all the options that are sensible for them. Thus, (E) all of the above is the appropriate response.

What do you know about  implementation plan?

The steps your team should take to complete a common objective or effort are outlined in an implementation plan, a document. An alternative to a strategic plan is implementation planning. The implementation plan is the step-by-step manual for executing the tactics that are outlined in the strategic plan to attain a certain goal.

Before starting the execution phase of a project, your team needs to be able to respond to the who, what, when, how, and why of the endeavor. This is the goal of an implementation plan. Simply said, your strategy becomes a list of particular activities through the action plan.

Learn more about implementation plan, from :

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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.

Does the Commerce Clause have an effect on Gidgits Galore?
no
yes

Answers

Answer:

Yes

Explanation:

Edge 2021

Answer:

YES  edge 2023

Explanation:

please help
What do you think the best parts of being a veterinarian would be? What about the hardest parts?

Answers

Answer: in my opinion, the best parts would be helping animals get better and see them reach their full potential, the worst would be seeing animals in pain and not being able to help them all.

Explanation:

______ If an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the:A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).B) employer is much safer from a charge of national origin discrimination than an employer who only enforces the policy in certain areas and at certain times.C) employer impermissibly violates Title VII of the Civil Rights Act, which protects the ability of workers to express their cultural heritage at the workplace.D) employer’s policy is not unlawful because all individuals, irrespective of their national origin, are required to speak English in the United States.

Answers

Answer:

A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).

Explanation:

The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.

Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;

I. To communicate with customers who can speak English only.

II. To efficiently promote cooperative work assignments among teams (employees).

III. To enhance or facilitate safety during an emergency.

Hence, if an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).

Montel needs to add a calculated field into a report that he has built that will show the total sale price of items sold
in a given month. Which type of control should he add in Design view?
o control box
O text box
O label
subreport

Answers

label
Explanation:
Label control is a part of JavaFX package. Label is used to display a short text or an image. Label is also a non-editable text control (i.e. not editable). So in this case of displaying a calculated field which is non-editable since it's just displaying the total sale price of items sold in a given month, so a label control is good for the design view.

people who perform task and jobs are part of which factor of production

Answers

Answer:

The factors of production in an economy are its labor, capital, and natural resources. Labor is the human effort that can be applied to the production of goods and services. People who are employed or would like to be are considered part of the labor available to the economy.

Explanation:

If Rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?

Answers

She should receive the amount of money that she sol the house for.For example if she sold the house for $200,000 she would receive that much money.

Answer:

(B) 50,000

Explanation:

What is market research? (Please be simple easy to understand)

Answers

the action or activity of gathering information about consumers' needs and preferences.
to gather information about consumers about what they prefer and want

Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.

setting up equipment
fixing problems with machinery
estimating a project’s cost
designing equipment
teaching people to use equipment
writing instructions for assembling equipment
purchasing manufacturing equipment

Answers

Answer:

setting up equipment

fixing problems with machinery

estimating a project’s cost

teaching people to use equipment

Explanation:

Answer: The person above me is right but here is the answer in number form: 1,2,3,5

Explanation: edge

Unlike savings accounts, banks expect people to make frequent withdrawals and deposits to checking accounts.

True

False


Answers

I’m pretty sure it’s false!

Answer:

true

Explanation:

Whether to see your charges every withdrawals and deposits you make

HURRY IM BEING TIMED
Which of the following sentences uses "your" or "you're" correctly?
A.

Your very late for this class.
B.

You're going to learn how to proofread in this course.
C.

You're textbook is on that table.
D.

Your practicing writing business documents today.

Answers

Answer:

A

Explanation:

Please brainliest me

ways which business can overcome competition in the market environment​

Answers

Ten ways to keep ahead of the competition

Know the competition. Find out who your competitors are, what they are offering, and what their strengths and weaknesses are. ...

Know your customers. ...

Differentiate. ...

Step up your marketing. ...

Update your image. ...

Look after your existing customers. ...

Target new markets. ...

Expand your offer.

Which examples best demonstrate likely tasks for Manufacturing Production Process Development workers? Check all that apply.

Edward identifies the problem with an engine and repairs it.
Harvey inspects a manufacturing plant for safety hazards.
Charlotte loads materials into a machine for processing.
Wayne gathers customer feedback to incorporate it into a product’s design.
Domenica writes instructions for how to build a product.
Erin uses CAD software to make a model of a product she is designing.

Answers

Answer:

4,5,6

Explanation:

Answer: The person above me is correct :)

Explanation: edge

1. So you are going on a vacation! There's lot of planning to do. You will be leaving on Friday and returning the next
Friday. You will be taking 3 other classmates with you. Where are you going and how are you getting there? Present
three options, pros and cons about how you might travel to and from your destination. The presentation must include
prices and time consideration.
Tell how you will get around while on the vacation. You need to include mileage and prices. If you are renting a car,
allow 10 cents per mile. If you are using someone's personal car, allow 35 cents per mile. Identify your final travel
decisions and how you arrive at those decisions. Make sure you include your research and any other information you
used to arrive at your decision.
Where will you stay when you get there? Present three options, pros and cons, about where you will stay while on your
vacation. The presentation must include prices and amenity considerations. If you have males and females in your
group, you need to make sure you include separate rooms for each. Identify your final lodging decisions and how you
arrived at those decisions. Include information about amenities. Make sure you include your research and any other
information you used to arrive at your decision.
What will you eat when you get there? Present 15 options for meals for your group while on vacation. The presentation
must include prices and transportation considerations. You will need to eat 2 really nice meals while on vacation. A
really nice meal is eaten at a restaurant where you must sit down and be waited on. Identify your final meal decisions
and how you arrived at those decisions. Include the cost of each meal as well as a description of the type of cuisine.
Make sure you include your research and any other information you used to arrive at your decision:

Answers

Answer:

685

Explanation:

Online shopping can be categorized into which of the following types of retailers?
O Brick-and-mortar
O Non-store retailers
O Specialty retailers
O Convenience retailer

Answers

Answer:

O Non-store retailers

Explanation:

Online shopping is the type of shopping where there is no physical shop in which the goods are advertised but rather, the are advertised online using pictures. When a customer makes purchases, the seller would then pick up the purchased goods from his house and send to the buyer through a reliable local or international logistics company. It is non-store due to the fact that, no physical store or office is required before trading can occur.

Give examples of B2C,B2B,C2C and social,mobile and local e-commerce besides those listed in the book

Answers

Explanation:

Full meaning of acronyms:

B2C = Business to Consumer.B2B = Business to Business.C2C = Consumer to Consumer.

Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.

Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).

Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.

Is simping okay? i need womans advice

Answers

Answer:

Yes, as long as u know the limits :D.

Explanation:

Answer:

simping is A OK in my book UvU

Explanation:

Which type of manager would most likely be responsible for researching customers' purchasing habits?

A. Operations manager

B. Marketing manager

C. Finance manager

D. Human resources manager

Answers

B. Marketing Manager

I have one F and 2 D's, It's because I have another school that I have to study which takes my school homework time up. The subjects are business, science, and Language arts. (Online school). Please help (┬┬﹏┬┬) -Unknown_Student

Answers

Answer:

what do you need help with? like whats the question?

Explanation:

a. Economists include only final goods and services when measuring GDP because multiple choice 1 if intermediate goods were not counted, then multiple counting would occur. if intermediate goods were counted, then prices would be overstated. if intermediate goods were not counted, then prices would be overstated. if intermediate goods were counted, then multiple counting would occur. b. Gross domestic product does not include the value of the stocks and bonds bought and sold because these transactions are considered multiple choice 2 consumption expenditures and should not be counted as production of final goods and services. economic investment, but should be counted as production of final goods and services. economic investment and should not be counted as production of final goods and services. consumption expenditures, but should be counted as production of final goods and services. c. When measuring GDP, economists don't include the value of the used furniture bought and sold because multiple choice 3 the value of used furniture is not reported anywhere. this value was already counted in GDP in some previous year. used furniture is a durable good. the value of used furniture needs to be averaged over a specified number of years.

Answers

Answer:

if intermediate goods were counted, then multiple counting would occur. #economic investment and should not be counted as production of final goods and services

this value was already counted in GDP in some previous year.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products because it would result in double counting

6. Goods produced in previous years. This is because it has already been included in previous years GDP and adding it would result in double counting  

When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.

Answers

Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.

Explanation:

A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.

Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".

Oriole Company had 302000 shares of common stock issued and outstanding at December 31, 2020. During 2021, no additional common stock was issued. On January 1, 2021, Oriole issued 404000 shares of nonconvertible preferred stock. During 2021, Oriole declared and paid $171000 cash dividends on the common stock and $155000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2021, was $964000. What should be Oriole's 2021 earnings per common share, rounded to the nearest penny

Answers

Answer: $2.68

Explanation:

Oriole's 2021 earnings per common share would be calculated by using the formula:

​​​​= (Net income - preference dividend) / outstanding common stock

= ($964000 - $155000) / 302000

= $809000 / 302000

= $2.68 per common share

Which of the following can be defined as generally accepted behavior required in social relations?

Actions

Etiquette

Traditions

Body language

Answers

I think its A Action because most likley you would be very cooperative and listen to people in social reaction Just my opinion!

Answer:

Which of the following can be defined as generally accepted behavior required in social relations?

Actions

Etiquette

Traditions

Body language

please help meeeeeeeeeee​

Answers

One benefit of building a good brand image: Customer recognition. Having a strong brand works to build customer recognition. This means when a customer is shopping for a particular product or considering a company to perform a service, they recognize your company in the running. Consumers are far more likely to choose a brand that they recognize over something unfamiliar, even if they don’t know a great deal about your company at the time.
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A party rental company has chairs and tables for rent. the total cost to rent 5 chairs and 3 tables is $ 27. The total cost to rent 2 chairs and 12 tables is $81. cost to rent each chair=cost to rent each table= ? Which statement about an antagonist is true? A) They support the protagonist. B) They are always the bad guy. C) They have wants and goals that conflict with the protagonists wants and goals. D) They always actively work against the protagonist. MIDTERMS ARE HARD :((((((( PLZ HELP Please help!! It would mean so much! I will mark you as brainliest! Look at the map of Africa. this map shows European countries and their territorial claims inAfrica on the eve of WWI.How might the fact that some countries in Europe were late to gain colonies, and gotundesirable smaller pieces of territory.....How might this lead to tension or cause a conflict? What do you think will happen?Remember that Germany is the fastest growing industrial power in Europe at the time andneeds resources. PLEASE HELP!!!!ASAP!!! I WILL GIVE BRAINLY!!! Venir o Tener? Pick which verb does in the sentence AND which form of the verb.Nosotros _______________ maana para celebrar. Make a word that means cannot do what is needed." When a juvenile is caught committing a crime, he or she is taken into (blank) by the police give the n for the following orbitalsa. 3pb. 4f Find the sum:(12x-14)+(2x+3) Of 75is90 =120 true or false The Spanish Club has 78 members, 42 girls and 36 boys. What is the ratio ofgirls to boys in the Spanish Club?A. 6:7B. 8:7O C. 7:6 what are the chances that a color blind man will have a color blind grandson what are the genotypes for all involved. science, need help ASAP A map has a scale of 3 cm and 20 cm which statement is true or false two cities are actually 66 cm part are9.9 cm part Which of the following is not a true statement?a. A work of art can be originally created to document an event, but later become a piece that commemorates the event and the people involved.b. Many cultures throughout history have had statues built to commemorate great rulers.c. Documentation attempts to tell about a factual event or person.d. Columnar monuments were used only by the Romans until the 14th century. y o u s h a l l g e t 50 p o i n t s i f y o u a n s w e r t h i s How many grams of oxygen are needed to burn 10.0 moles of C3H8? A proton moves at a speed of 0.12 x 10^7 m/sat right angles to a magnetic field with amagnitude of 0.58 T.Find the magnitude of the acceleration ofthe proton. The elemental charge is 1.60 x10^-19 C.Answer in units of m/s?.