When Using an Accounting Database System, Such as QuickBooks, What

question 58

Multiple Choice

When using an accounting database system, such as QuickBooks, what happens when an existing customer name is entered on an onscreen invoice form?

• A)The DBMS prompts you to enter the address and contact information.
• B)The DBMS retrieves inventory information and inserts it into the invoice.
• C)The DBMS retrieves address and contact information and inserts it into the invoice.
• D)The DBMS retrieves tax information and inserts it into the invoice.

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Definitions:

Managers

Individuals in an organization responsible for controlling or administering all or part of a company or similar organization.

Times-Interest-Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations by comparing its interest expenses to its earnings before interest and taxes (EBIT).

Debt Obligations

These are the amounts of money that a company or individual owes to lenders or creditors, which must be repaid according to agreed-upon terms.

Inventory Turnover Ratio

A metric indicating the number of times inventory is sold and replaced over a specific period, reflecting efficiency in managing inventory.