Accounting Answers

Distinguish between limited liability and joint several liabilities. What is the significance of these two terms in lending?

What does "goods are excluded from inventory" mean?

The elasticity of supply of a wheat is 0.3 and the elasticity of supply of magazine is 1.3 if the price of wheat and magazines both rice 10% what is the increase in the quantity of wheat supplied and the increase in the quantity of magazine supply

1. Determine the original historical cost of the property and equipment reported in Microsoft Corporation’s balance sheet.
2. Four types of adjusting entries are illustrated in Exhibit 4-1. Explain which type of adjusting entry resulted in the company’s accrued compensation figure.
3. Explain why Microsoft Corporation reports unearned revenue in its balance sheet. Why might the company report short-term unearned revenue separately from long-term unearned revenue?

i. On January 3, 2011 Gadi computer service business by investing birr 100,000 cash and equipment having birr 60,000 market value

ii. On January 6,2011 purchased office furniture on account for birr 400

iii. On January 9, 2011 purchased office furniture is purchase for birr 350 cash

iv. On January 15, 2011 paid birr 500 as partial settlement of January 3, 2009 borrowing

v. On January 21, 2011 received birr 150 from sale of old office furniture.

Required: -

ADAPT and ADOPT’S proceeds from the bank and compute recorded to discounting of note.

i. On January 3, 2011 Gadi computer service business by investing birr 100,000 cash and equipment having birr 60,00 market value

ii. On January 6,2011 purchased office furniture on account for birr 400

iii. On January 9, 2011 purchased office furniture is purchase for birr 350 cash

iv. On January 15, 2011 paid birr 500 as partial settlement of January 3, 2009 borrowing

v. On January 21, 2011 received birr 150 from sale of old office furniture.

Consider a business whose payroll processing functions are poorly organized, poorly performed, and perpetually late. Management suggests that the company chooses to employ RPA in payroll processing to increase efficiency and reduce human errors. In view of the analytics mindset, indicate the questions you would ask, the data you would collect, and the analysis you would perform to determine the appropriateness of implementing management’s suggestion. Write a paragraph response.

Find four examples of data visualizations used in news stories or blogs. two examples should be a positive example of the design principles; the other two examples should be a poor demonstration of the design principles. Provide the link to each example and discuss the principles utilized or violated for each visualization.

(True or False): In relational databases, the link between two tables is that the primary key of one table is the foreign key in the other table. Write a paragraph response on why it's true or false.

Question: In the fourth query, we use the WHERE and HAVING clauses. Please select the right choice for the relationship between these two clauses.

1. WHERE clause is used for filtering rows prior to the execution of aggregate functions, while the HAVING clause is used for filtering rows after the execution of aggregate functions.
2. WHERE clause is used for filtering rows after the execution of aggregate functions. The HAVING clause is used for filtering rows prior to the execution of aggregate functions.
3. The WHERE clause can be exchanged to use the HAVING clause.
4. The HAVING is not a clause in SQL queries.

The relational database is the technology basis of accounting information systems. Because the database management system can store and access data very fast and manage internal controls by assigning access control rights. The fast data availability makes many real-time AI applications achievable. You can see the root links between any data-related emerging technologies and relational databases. This chapter teaches you the primary working mechanism of relational databases. MS Access will be used to demonstrate hands-on practicing. Basic concepts in relational databases. What a database is and why it is important. The concepts of the data schema, primary key, and foreign key.

Question 1: The the primary key cannot be null in the relational database design. Please use one or two sentences to explain why?