The disadvantage of this kind of conversion is that it is extremely risky and can disrupt operations seriously if the new system does not work correctly the first time. which kind of conversion is this?

On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the periodic inventory system.

Marigold Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $120000 and credit sales are $1210000. Management estimates that 4% of accounts receivable will be uncollectible.

Franklin purchases 40 percent of Johnson Company on January 1 for $500,000. Although Franklin did not use it, this acquisition gave Franklin the ability to apply significant influence to Johnson's operating and financing policies.

One benefit of a relational database management system is that it contains a built-in query language, which lets you obtain immediate answers to the questions you ask about your data.

How can tech companies increase goodwill and indirectly affect profits for parent companies?

What type of investment pays you a dividend?

A product that effectively increases consumers' incomes when its price decreases.

The pita pit borrowed $192,000 on november 1, 2018, and signed a six-month note bearing interest at 12%. principal and interest are payable in full at maturity on may 1, 2019.

Sloan Company receives a $3,000, 3-month, 6% promissory note from Day Company in settlement of an open accounts receivable. What entry will Sloan Company make upon receiving the note? a. Notes Receivable 3,045Accounts Receivable-Day Company 3,045b.

What will happen when a homeowner renovates an old house and plants a flower garden in the front yard?