Some companies employ technologies that allow them

Assignment Help Accounting Basics
Reference no: EM131145616

1. Some companies employ technologies that allow them to do a so-called "virtual close." This enables them to close their books nearly instantaneously any time during the year. What advantages does a "virtual close" provide? 

Reference no: EM131145616

Questions Cloud

Assignment - health insurance and quality : Imagine that you are the clinic manager of an urgent care center. Recently, your center has seen an increase in complaints regarding long wait times, inadequate or incomplete information from staff during visits, and the relatively small number o..
What is the most significant argument made in federalist : What is the most significant argument made in Federalist 70? Why is the argument so important to understanding the founding conception of the Presidency? Please use passages fro the text to support your claim.
How are the oilers affected by changes in the canadian : The Edmonton Oilers (Canada) of the National Hockey League are two-time defending Stanley Cup champions. (The Stanley Cup playoff is hockey's equivalent of football's Super Bowl or baseball's World Series.) As is true of all NHL teams, most of the Oi..
What methods would you employ to combat the problem : What if you were sentenced to prison? Do you believe you would become a more seasoned criminal or would learning criminal ways from those who were caught make you a worse criminal? Explain
Some companies employ technologies that allow them : Some companies employ technologies that allow them to do a so-called “virtual close.” This enables them to close their books nearly instantaneously any time during the year. What advantages does a “virtual close” provide?
Explain role capitalism plays in corporate decision making : Explain the role capitalism plays in corporate decision making. Discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail. Justify your response
Identify the account debited and credited : Identify the account(s) debited and credited in each of the four closing entries, assuming the company has net income for the year.
Identify ethical concern roberts school counselor consider : Identify the ethical concerns Robert's school counselor should consider. Working within ethical guidelines, what should the school counselor's next steps be in working with Robert?
Draw a long-run supply curve for housing : Draw a long-run supply curve for housing for each city, and explain any differences between the two supply curves - If demand for housing increases by the same amount in each city, which city will experience a larger increase in pric

Reviews

Write a Review

Accounting Basics Questions & Answers

  Borwan company uses the weighted-average method in its

borwan company uses the weighted-average method in its process costing system. the assembly department started the

  Differences between the tax consequences

Discuss the similarities and differences between the tax consequences of the operating distribution and the tax consequences of the liquidation distribution.

  Managerial accounting stresses

Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for:

  Which if any of these costs should be accrued

A possible product defect that is reasonably possible and can be reasonably estimated,

  What is collins allowable ftc for the current year

Collins, Inc., a domestic corporation, operates a manufacturing branch in Singapore. During the current year, the manufacturing branch produces a loss of $300000.

  If net fixed assets in 2007 19550 if net fixed assets in

if net fixed assets in 2007 19550 if net fixed assets in 2008 28974 if depreciation on the 2007 income statement is

  Determining partner basis in partnership interest

In determining a partner's basis in the partnership interest, which of the following reflects a correct adjustment?

  A company expects to begin the coming year with 6000

a company expects to begin the coming year with 6000 ceramic pots in finished goods inventory. it expects to sell 85000

  Using the double-declining-balance depreciation method

porter inc. acquired a machine that cost 720000 on october 1 2010. the machine is expected to have a four-year useful

  If fixed costs are 1400000 the unit seling price is 240

if fixed costs are 1400000 the unit seling price is 240 and the unit variable costs are 110 what is the amount of sales

  Outside basis of partner

What is each partner's outside basis and how much gain (loss) must the partners recognize in 20X9 when Picture Perfect was formed?

  The controller of a small private college is complaining

the controller of a small private college is complaining about the amount of work she is required to do at the

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