Careful Consideration of the Use of Computers in Accounting Indicates

question 275

Multiple Choice

Careful consideration of the use of computers in accounting indicates that computers

• A) will soon eliminate all of the accounting functions.
• B) are tools to help the accountant perform his or her job.
• C) are of little use to small-business owners that need accounting services.
• D) have a very limited use in accounting due to inadequate privacy controls.

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Definitions:

Minimum Required Rate

The lowest rate of return or yield that an investor expects or requires from an investment.

Internal Rate of Return

The discount rate at which the net present value of all cash flows (both positive and negative) from a project or investment equals zero.

Rate of Return

A measure of the profitability and efficiency of an investment, expressed as a percentage of the original investment.

Initial Investment

The funds allocated to start a business or a project, representing the beginning financial input.