How can smart contracts improve the accounting

Assignment Help Accounting Basics
Reference no: EM132899437

Question - Your boss has heard about technology improvements in manufacturing and has asked you to research the benefits and risks of implementing Blockchain technology into the supply chain and manufacturing process. Specifically, she has asked for you to determine:

-what companies are able to assist with this type of technology implementation,

-what benefits can this technology bring to the supply chain communication of data,

-and how can smart contracts improve the accounting and finance function of the organization? Now that you're the expert in managerial and cost accounting, you've been assigned as the lead on this project. Research these questions and   provide your boss answering her questions and making a recommendation for or against introducing blockchain into your manufacturing and supply chain processes.

Reference no: EM132899437

Questions Cloud

What is the dollar amount of the three point corp e-p : Land with FMW of $5,000 and a cost basis of $1,000. What is the dollar amount of the Three Point Corp's E&P after the distribution
What the interest rate implicit in this lease : You will have to sign a non-cancellable lease and make five payments of $2,000 each. What the interest rate implicit in this lease
What is the projected roe under the restricted policy : The firm's annual sales are expected to total $2,400,000, What is the projected ROE under the restricted policy
Introduction to management philosophy : -Open the introduction to your management philosophy with a brief statement about what you consider to be best management practics.
How can smart contracts improve the accounting : Specifically, she has asked for you to determine: how can smart contracts improve the accounting and finance function of the organization
Evaluate preparedness for virtualization : Describe the organization's environment, and evaluate its preparedness for virtualization.
Why is there a need to properly classify a property : Question - Why is there a need to properly classify a property whether it is an investment or property, plant, and equipment
What is the carrying value of the investment on the books : On January 1, 2021 Flint Inc. purchased a 60-day treasury bill with a maturity value of $38,700.What is the carrying value of the investment on the books
What the taxpayer deduction on Schedule C : If a taxpayer drives 10,000 business miles during 2018, and uses the standard mileage method, what the taxpayer's deduction on Schedule C

Reviews

Write a Review

Accounting Basics Questions & Answers

  Abc is reviewing project that will cost 1431the project

abc is reviewing a project that will cost 1431.the project will produce cash flows 210 at the end of each year for the

  What is the after-tax cash flow from the sale of this asset

Consider an asset that costs R548,000 and is depreciated using 20 per cent reducing-balance. What is the after-tax cash flow from the sale of this asset

  Your brother is short on cash and cannot pay his rent this

1. your brother is short on cash and cannot pay his rent this month. you pay his rent for him. is this taxable income

  Calculate the present value of total outflows

Providence Industries has a tax rate of 25 percent. Its cost of capital is 16 percent. Calculate the present value of total outflows

  Job inherently more motivating

What is the current design of your job? Assume that the opportunity arose for you to utilize the idiosyncratic ( i-deals) in redesigning your job. What would you do to make your job inherently more motivating.

  Compute total number of units that alpha company produce

Alpha company anticipated unit sales of widgets are January, 5,000; compute total number of units that Alpha Company produce

  Prepare the journal entry to record the sale of these bonds

Prepare the journal entry to record the sale of these bonds on January

  When companies accumulate costs they generally use either a

when companies accumulate costs they generally use either a job-order or a process costing system. the type of system

  Prepare the journal entries to record these transactions

Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system

  Suppose a us government bond promises to pay 224973 three

suppose a u.s. government bond promises to pay 2249.73 three years from now. if the going interest rate on 3-year

  Dorantes manufacturing company uses a standard cost system

dorantes manufacturing company uses a standard cost system. in 2010 28000 units were produced. each unit took several

  Calculate the number of potato crisps packets

Calculate the number of potato crisps packets and chocolate bars that Chipper needs to sell in order to break even

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