Accounting packages for small businesses

Assignment Help Financial Accounting
Reference no: EM131211210

One problem with accounting packages for small businesses is that: Select one: a. There are so few of them b. The absence of cloud computing capabilities in most of them c. Their inability to interface with internet shopping cart applications d. The cost of a package is just the beginning of “total costs”

Reference no: EM131211210

Questions Cloud

What price per unit would have been charged to the customer : Jb 412 was one of the many jobs started and completed during the year. The job required $9,500 in direct materials and 35 hours of direct labor time at a total direct labor cost of $10,400. If the job contained four units and the company billed at 70..
Depreciation expense during first year-sole proprietorship : Bonnie Jo purchased a used computer (5-year property) for use in her sole proprietorship. The basis of the computer was $2,600. Bonnie Jo used the computer in her business 60 percent of the time and used it for personal purposes the rest of the time ..
Harrison received qualified dividend : Harrison received a qualified dividend. Without knowing any additional facts, which of the following statements is true regarding the rate at which the dividend will be taxed to Harrison?
Assuming that the corporation had no insurance coverage : Wallace Company lost of its inventory in a fire in December just before the year-end physical inventory was taken. Merchandise with a selling price of $ 21,000 remained undamaged after the fire. Damaged merchandise with original selling price of $15,..
Accounting packages for small businesses : One problem with accounting packages for small businesses is that
Estimated net cash flows for a project expected life : Assume that you adopt a custom software package. Using present value tables, evaluate the cost vs. benefit of a system under the following scenario: The probable cost of the best package is estimated at $20 million to implement. his method considers ..
Compare profits under absorption costing : Eli Goldratt advocates that all manufacturing costs other than materials be treated as operating expenses for the period. Compare profits under absorption costing and Goldratt's method. b. Evaluate Goldratt's proposal.
Determine whether the seller should recognize revenue : For each of the cases, determine whether the seller should recognize revenue (a) over time or (b) when the product or service is completed. Explain your answer using GAAP revenue recognition rules. Explain how each would appear on the income statemen..
Determine whether the seller should recognize revenue : Determine whether the seller should recognize revenue (a) over time or (b) when the product or service is completed. Explain your answer using GAAP revenue recognition rules. Explain how each would appear on the income statement and balance sheet.

Reviews

Write a Review

Financial Accounting Questions & Answers

  The audit budget when planning the audit

Samantha is a senior manager at a national CPA firm. She has recently taken over the planning responsibilities on her firm’s largest client, a midsize publicly traded company with multiple subsidiaries around North America. The client chose her firm ..

  Under what condition should this activity be recorded

A city constructs curbing in a new neighborhood and finances it as a special assessment. Under what condition should this activity be recorded in the Agency Fund?

  Determine the cost of assigned

Determine the cost of assigned to ending inventory and to cost of goods sold

  Calculate the total net worth in the country

A family refers to a group or more people related by birth, marriage, or adoption who reside together. In 2000, in country A, the average family net worth was 460,000, and there were about 6.9x10^7 families. Calculate the total net worth in the count..

  Cost of executing a transactiion is much lower firms

the cost of executing a transactiion is much lower firms have the ability to gather useful information about buyers firms can reduce their reaction times to changing market conditions and increase their sales reach.

  Potential sources of financing

Finding additional borrowings required from bank at given current ratio - What other potential sources of financing are available to the company?

  Weighted-average unit contribution margin

Markowis Corporation sells three different models of mosquito zapper. Model A12 sells for $57 and has variable costs of $41. Model B22 sells for $103 and has variable costs of $76. Model C124 sells for $417 and has variable costs of $316.

  Hayley reinvests the annual dividend

Hayley recently invested $60,000 in a public utility stock paying a 3 percent annual dividend. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend,

  Estimate the behaviour of crsl staff cost

Use the high-low method to estimate the behaviour of CRSL staff cost based on customer numbers within the relevant range. Use an equation to express the results of this estimation method.

  Ending inventory under variable costing

Sprinkle Co sells its product for $20 per unit. During 2013, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labor $3, and variable overhead $1. Fixed costs are: $240,..

  Effects of various methods of depreciation

Effects of various methods of depreciation - How would using the sum-of-the-years'-digits method of depreciation instead of the double-declining-balance method of depreciation affect a gain or loss on the sale of the plant asset?

  Depreciated by the units-of-production method

A machine with a cost of $ 65,000 has an estimated residual value of $ 5,000 and an estimated life of 5 years or 15,000 hours. If it is to be depreciated by the units-of-production method, what is the amount of depreciation for the second full year, ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd