Today's Computerized Accounting Programs Are

question 204

Multiple Choice

Today's computerized accounting programs are:

• A)Very helpful for small business owners who lack strong accounting support within their companies.
• B)Too expensive and complicated for most small businesses.
• C)A poor investment for small start-up companies due to the fact that these programs are seldom needed unless the firm is considered a mid-sized to large company.
• D)So sophisticated that they can make most financial decisions without the aid of an accountant.

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Definitions:

Selling And Administrative Expenses

Operating expenses related to selling products and managing the business, not directly tied to production.

Payout Ratio

The ratio of income distributed to shareholders in the form of dividends, usually represented as a percent.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, indicating how much money a company returns to shareholders vs. retaining.