Single entry accounting - Study guides, Class notes & Summaries

CSU AREC 202 FINAL EXAM QUESTIONS AND ANSWERS ALREADY PASSED THE rule (and its variations): How is the optimal level of any activity (for consumers, firms or governments) determined? Marginal cost = marginal benefit On the 2x2 efficiency table: What effect on efficiency (total surplus) do government interventions have in a market in which originally the government had not intervened? Market works well - marginal benefit =marginal cost total surplus was maximized, and the governme...

PF2 – MIDTERM EXAM ACTUAL QUESTIONS AND ANSWERS|LATEST 2025 UPDATE|100% CORRECT. 1. Mountain Bikes has a weekly payroll and is a regular remitter. What date will the source deductions for the February 1st payroll be due to the Canada Revenue Agency? A. February 10th B. February 15th C. February 25th D. March 15th 2. Anjani works in Manitoba and her 2019 payroll totals are regular earnings of $55,000.00, regular commission payments of $12,000.00, employer-provided automobile taxable ben...

PF2 – MIDTERM EXAM ACTUAL QUESTIONS AND CORRECT ANSWERS/LATEST UPDATE GRADED A+ 1. Mountain Bikes has a weekly payroll and is a regular remitter. What date will the source deductions for the February 1st payroll be due to the Canada Revenue Agency? A. February 10th B. February 15th C. February 25th D. March 15th 2. Anjani works in Manitoba and her 2019 payroll totals are regular earnings of $55,000.00, regular commission payments of $12,000.00, employer-provided automobile taxabl...

Which of the following elements belong to SAP ERP Human Capital Management (ERP HCM)? a) Personnel management b) Task allotment c) Payroll d) Time management - correct answer Correct Answer: a) Personnel management c) Payroll d) Time management Which of the following SAP ERP HCM business processes integrate with Financial Accounting and Controlling? a) Payroll b) Personnel management c) Training and event management d) Performance mana...

ACCT101 Exam Questions With 100% Correct Answers Each of the following are examples of a merchandising company except: - answerMichael's lawn mowing Gross profit is: - answerequal to net sales less cost of goods sold A company reports net sales of $600,000, cost of goods sold of $200,000, and net income of $100,000. Its gross profit equals: - answer$400,000 Merchandise inventory includes: - answer- costs to purchase - shipping costs - costs to prepare for sale Place the operating cycl...

What is accounting? - Correct answer-the action or process of keeping financial accounts revenues - Correct answer-inflows of assets resulting from the sale of goods and services expenses - Correct answer-outflow of assets resulting from the sale of goods and services internal user - Correct answer-managerial accounting external user - Correct answer-financial accounting who is responsible for GAAP - Correct answer-FASB accounting equation - Correct answer-assets = liabilities + owners ...

Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in data to be delivered to the government. d. Generally, the governmen...

SAP Certification Practice Exam 241 Questions with Verified Answers Which of the following control parameters determines the scope of the MRP run in SAP S/4HANA? - Processing key - Purchase requisition - Planned order - Planning mode - Schedule line - CORRECT ANSWER - Processing key What is the highest organizational unit in warehouse management? - Warehouse number - Storage selection - Storage bin - Storage type - CORRECT ANSWER - Warehouse number What happens when we post...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer Your personal address What is the cost of the indi...

GFEBS Essentials [Subsumes L101E, L201E, L303E] . Questions with Correct Answers. A+ GRADED. 1.Which of the following is a benefit of GFEBS - CORRECT ANSWER: *A web-based system 2.The _____ escalated the need for federal financial management systems to provide accurate, reliable, and timely financial management information to the government's highest levels. - CORRECT ANSWER: *Federal Financial Management Improvement Act 3.A ____ is a self-contained series of screens that enab...