In a System Using Batch Processing with Sequential File Updating,at

question 49

Multiple Choice

In a system using batch processing with sequential file updating,at what point is the general ledger updated?

• A) After all master files are updated
• B) After each transaction batch is entered
• C) After all transactions are entered
• D) After each transaction batch is edited

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Definitions:

Residual Dividend Approach

A policy for setting a company's dividend payment, where the dividend paid is based on earnings minus funds the firm retains to finance the equity portion of its capital budget.

Debt-to-Equity Ratio

A ratio reflecting the comparative amounts of debt and equity used to finance a company’s assets.

Investment Needs

The amount of capital required to fund a project, purchase assets, or support operations within a business.

Regular Cash Dividend

A payment made by a firm to its shareholders from its profits in the form of cash.