ACC 315 5-1 Problem Set Question 7 of 10
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ACC 315 5-1 Problem Set Question 7 of 10 < > 5/5 = v Your answer is correct. Rewvit is an online motorcycle equipment store that sells motorcycle helmets, boots, jackets, and more. With no brick-and-mortar stores, Rewvit relies on many systems to provide an excellent customer buying experience. You are the accounting director at Revvit and are overseeing the implementation of a new general ledger system called GL Solutions. As part of the final steps of implementing the system, you need to assign users to the appropriate user access roles within GL Solutions. Users can be assigned to only one of four roles or can be denied access: A. Administrator B. Creator C. User D. Read-Only E. Denied access The following is a listing of all employees who requested access to GL Solutions. Match each user with the appropriate system user access role, based on the business needs of the user’s job summary. You can also deny access to users if you feel they don't require access to GL Solutions, based on their job summary. To indicate your choice, select the appropriate role from the list above. Employee Title Job Summary Appropriate Role Chief operations officer Responsible for overseeing and guiding the day-to-day [ Read-Only v] operations of the company. Relies on prebuilt dashboards and reports for revenue and sales growth information, expense, cost and margin control, and monthly, quarterly, and annual financial goal management. Tax accountant Responsible for financial tax statements. Researches the rCreator j| financials to ensure that the company is following tax laws. Creates different reports that help in preparing payments, identifying tax savings, and analyzing tax issues. Accounting director Responsible for directing the accounting department. Monitors I ) Administrator v| data access to accounting data. Regional sales manager Responsible for overseeing the Sales department within Revvit. | Sets regional sales quotas, manages sales support staff, and advises the company about sales performance. Relies on prebuilt reports for forecasting. Read-Only v| Public relations manager Responsible for directing publicity programs and campaigns to I improve the public image of Revvit and to clarify the company's point of view on important issues. Denied Access VI Internal auditor Responsible for ensuring compliance with established internal I control procedures by examining records, reports, operating practices, and documentation. Relies on prebuilt documentation. Read-Only vl
Compensation and benefits manager Marketing manager Responsible for overseeing the compensation and benefits division of the company. Analyzes compensation data within the organization and evaluates job positions to determine classification and salary. Administers employee insurance, pension, and savings plans and works with insurance brokers and plan carriers. Responsible for measuring, enhancing, and enriching the position and image of the company through various goals and objectives. Denied Access v Denied Access v
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Question 11.
Which of the following is not a catetory found in the Content Pane of Dynamics GP?
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B.Inquiry
C.Print
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Question 12.
The typical size of a business that is most likely to use MS Dynamics GP is
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A.Fewer than 50 employees
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C.2500 - 5000 employees
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Which of the following features allows you to view information about a customer and then begin entering an invoice for that customer?
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PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View.
Enable E
Q17
fix
A
C
F
H.
K
Two companies competing in the same industry are being evaluated by a bank that can lend money to
2 only one of them. Summary information from the financial statements of the two companies follows:
1
3.
4.
Rowland
Pierce
Rowland
Pierce
Company
6 Data from the current year-end balance sheets:
Company
Company
Data from the current year's income statements:
Company
7
8 Assets
9 Cash
10 Accounts Rec, net
19,500
34,000
Sales
770,000
880.200
37,400
57,400
Cost of Goods sold
585,100
632.500
11 Current note receivable
2 Mdse Inventory
3 Prepaid expenses
4 Plant assets, net
9,100
7,200
Interest Expense
7,900
13,000
84,440
132,500
Income tax expense
14,800
24.300
5,000
6,950
Net income
162,200
210,400
290,000
304,400
Common shares outstanding
36,000
41,200
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FINANCIAL MANAGEMENT 1.docx -
O Search (Alt+Q)
Cel
File
Home
Insert
Draw
Design
Layout
References
Mailings
Review
View
Help
A Share
P Comments
... I ..
I . 1 . . I . 2. : . .
3 ... L .
4 . . . L. ..
5... I .. 6. . I :7.. |
Problem 1.
2.
Odette Electronics has 90 operating plants in seven southwestern states. Sales for
last year were P100 million, and the statement of financial position at year-end is
similar in percentage of sales to that of previous years (and this will continue in the
future). All assets (including fixed assets) and current liabilities will vary directly with
sales.
Statement of Financial Position
(in P millions)
Assets
Liabilities and Equity
Cash.....
P2
Accounts payable....
P15
Accounts receivable...
20
Accrued wages....
2
Inventory....
23
Accrued taxes.
8
Current assets..
P45
Current liabilities.
P25
Fixed assets...
40
Notes payable...
10
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