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Customers send requests for auto insurance into the Asheville sales office, where sales clerks prepare policy request forms. They file a copy of the form and forward the original to the input preparation section, where data entry clerks use networked PCs to key and key-verify the data contained on the documents to a disk ("policy requests").
Each evening, computer operations retrieves the policy request data from the network, edits the data on the computer for accuracy (e.g., all required fields completed), sorts the data in policy number sequence, and prints a summary report listing the edited policy requests. The summary report is sent to the sales office, where the sales clerks compare the report to the copy of the policy request form that they previously filed. If everything checks out, they notify computer operations to go ahead with processing. When notified, computer operations processes the correct policy request data against the policyholder master data to create a new policy record. Each evening, a disk, which was created during the processing run, is used to print premium notices that are sent to the customer.
Cunningham, Inc. sells MP3 players for $60 each. Variable costs are $40 per unit, and fixed costs total $60,000. What sales are needed by Cunningham to break even?
an investor has a 2-stock portfolio with 50000 invested in palmer manufacturing and 50000 in nickles corporation.
Chester Lome drills well for residential and commercial lots. In April 2008. Chester decided to scrap his well drilling truck, purchased in 1984 for $25,000 and fully depreciated. Prepare the journal entry recording the scrapping of the truck.
kendall company has sales of 1600 units at 50 a unit. variable expenses are 25 of the selling price. if total fixed
What form of business organization- proprietorship, partnership or corporation you recommend that natalie, partnership, or corporation- do recommend that natalie use for her business? discuss the benefits and weaknesses of each form and give the r..
answer the following questions related to investments in inventory and accounts receivable1.how is inventory turnover
On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating the transaction in euros. On April 1, the spot rate is $1.41 per euro.
the cost of an asset less accumulated depreciation equalsa. book value.b. residual value.c. depreciation expense.d.
write an email response in which you address the following pointsdetermine which project might be implemented and why
Making one unit of the companys product requires 1.5 direct labor hours. 1) Determine the total overhead to be applied per unit of product in 2010.
a cash-strapped young professional offers to buy your car with four equal annual payments of 3000 beginning two years
corporation issues a 1000000 three-year noninterest bearing note how much cash will it receive if the interest rate is
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