This topic contains a solution. Click here to go to the answer

Author Question: Accounting programs use the general rules of accounting for recording: a. assets, liabilities, ... (Read 50 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
Accounting programs use the general rules of accounting for recording:
 
  a. assets, liabilities, equity, sick/vacation days, and benefits.
  b. assets, liabilities, petty cash receipts, revenues, and expenses.
  c. assets, liabilities, equity, revenues, and expenses.
  d. assets, liabilities, salaries, revenues, and expenses.

Question 2

Jack Parsons is preparing for a settlement conference with Greenway Chemicals, the company accused of poisoning his clients. The settlement figure involves many different factors, such as medical expenses, pain and suffering, lost wages, punitive damages, and legal fees and costs. Although he had already worked out a bottom-line figure with his clients before going into the conference, he needs a way to be able to quickly calculate the figures as the conference progresses and alternative amounts are discussed. What technology would help Jack have these calculations and figures at his fingertips?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

c

Answer to Question 2

Jack should create a spreadsheet with columns for each factor or variable in the ultimate settlement. The spreadsheet would specify a formula with variables for the different disputed figures. As the settlement is negotiated, Jack can make changes to these variables and instantly view the total figure. The spreadsheet can also have separate rows, or even worksheets to display alternative hypothetical settlements simultaneously.




roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it


Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

For a complete list of videos, visit our video library