Please Briefly Describe the Following Three Types of Windows 7

question 18

Essay

Please briefly describe the following three types of Windows 7 updates: Important, Recommended, and Optional.

Recognize and compute employee bonus expenses based on company net income.

Record sales transactions involving sales taxes and warranty liabilities.

Determine the employer's total payroll taxes expense based on employee earnings and tax rates.

Identify the basic components and features of Microsoft Outlook.

---

Definitions:

Ending Work in Process Inventory

The value of goods that are partially completed at the end of an accounting period, which have not yet been transferred to finished goods inventory.

Units Transferred Out

The total quantity of items that have completed the production process and are moved out of the work-in-process stage.

Process Costing System

An accounting method used when identical products are mass-produced, assigning costs to units of product based on the process they undergo.

Overhead Allocated

The process of distributing overhead costs to specific products, services, or departments based on a predetermined rate or method.