Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Question: Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Students, for this course, you will use Quickbooks Software. You can access it here:

Free Student Version: QuickBooks desktop 2015 and 2017

Intuit Education Customer Service: 866-570-3843 and education@intuit.com

NOTE: McGraw-Hill Tech Support doesn't support QuickBooks. Please direct any student questions regarding the free download directly to Intuit Education Customer Service.

On December 1, 2015, Larry and Samantha West formed a corporation called Farm Branch Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of LMNOP Rentals, an equipment rental company that was going out of business.

With this in mind, Samantha and Larry want you to explain to them the pros and cons of converting from a manual to a computerized accounting system, as well as give a recommendation of software or hardware that would work best for their business. For this assignment, research different types of computerized accounting software.

Submit your explanation in a memo.

• Provide a background on each including what they offer and how they are different.

• Include at least 3 pros and cons for each, while taking into consideration the types of businesses.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words reply about their primary task response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

• What did you learn from your classmate's posting?

• What additional questions do you have after reading the posting?

• What clarification do you need regarding the posting?

• What differences or similarities do you see between your posting and other classmates' postings?

For assistance with your assignment, please use your text, Web resources, and all course materials.

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Students, for this course, you will use Quickbooks Software. You can access it here:

Free Student Version: QuickBooks desktop 2015 and 2017

Intuit Education Customer Service: 866-570-3843 and education@intuit.com

NOTE: McGraw-Hill Tech Support doesn't support QuickBooks. Please direct any student questions regarding the free download directly to

Intuit Education Customer Service.

On December 1, 2015, Larry and Samantha West formed a corporation called Farm Branch Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of LMNOP Rentals, an equipment rental company that was going out of business.

With this in mind, Samantha and Larry want you to explain to them the pros and cons of converting from a manual to a computerized accounting system, as well as give a recommendation of software or hardware that would work best for their business. For this assignment, research different types of computerized accounting software.

Submit your explanation in a memo.

• Provide a background on each including what they offer and how they are different.

• Include at least 3 pros and cons for each, while taking into consideration the types of businesses.

Responses to Other Students: Respond to at least 2 of your fellow classmates with a reply of at least 100 words reply about their primary task response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

• What did you learn from your classmate's posting?

• What additional questions do you have after reading the posting?

• What clarification do you need regarding the posting?

• What differences or similarities do you see between your posting and other classmates' postings?

For assistance with your assignment, please use your text, Web resources, and all course materials.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M93082927
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - hardcastle ltd had sales of 3 000 000 and net

Question - Hardcastle Ltd. had sales of $3 000 000 and net operating income of $900 000. Operating assets during the year averaged $1 500 000. The manager of Hardcastle is considering the purchase of a new machine which ...

Question - on january 1 year 1 homeland entity he signed a

Question - On January 1, year 1, Homeland Entity (HE) signed a 20-year lease contract for an office building. The lease contract calls for HE to make payments of $10,000 at the beginning of each year, with the first paym ...

Question - jacks jax has total fixed cost of 25000 if the

Question - Jack's Jax has total fixed cost of $25,000. If the company's contribution margin is 60%, the income tax rate is 25% and the selling price of a box of Jax is $20, how many boxes of Jax would the company need to ...

Question - the following transactions are july activities

Question - The following transactions are July activities of Bill's Extreme Bowling, Inc., which operates several bowling centers. a. Bill's collected $21,600 from customers for services related to games played in July. ...

What do you mean by winter compensation from

What do you mean by winter compensation from contributions

Question 1 calculate the cost per minute for each type of

Question: 1. Calculate the cost per minute for each type of employee. 2. Calculate total costs per patient and price per patient at each level of care. The response must be typed, single spaced, must be in times new roma ...

Question - nutty co gourmet snacks currently sells their

Question - Nutty Co. Gourmet Snacks currently sells their Gourmet Deluxe Gift Basket for 53% each. Nutty Co. currently holds 2B percent of the market share for high-end gift baskets. The marketing manager believes that t ...

Question - on january 1 2007 nichols companys inventory of

Question - On January 1, 2007, Nichols Company's inventory of Item X consisted of 2,000 units that cost $8 each. During 2007 the company purchased 5,000 units of Item X at $10, each, and it sold 4,500 units. Periodic inv ...

Quesiton please note this part of the assignment is an

Quesiton: Please note, this part of the assignment is an essay. I will need a person to take their time and answer each section and question. Part III Prompt The results of both sections of your employment examination ha ...

Question - a taxpayer purchased land in 2007 for 85000 and

Question - A taxpayer purchased land in 2007 for $85,000 and sold it in 2016 for $75,000 cash. The buyer also assumed the mortgage of $5,000. What is the amount of gain/loss on the sale of the land? $5,000 loss. $5,000 g ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As