Which of the Following Statements Is Not True of Computerized

question 50

Multiple Choice

Which of the following statements is not true of computerized accounting systems?

• A) The market for computerized accounting programs for small businesses is in a state of turmoil.
• B) All systems have a cost attached with the cheapest system being about $10 per month.
• C) Out of 75 different computerized accounting programs,4 programs account for the majority of small business use.
• D) All of the systems will produce financial reports that meet legal requirements for content and format.

---

Definitions:

Constant Ratio

A strategy involving maintaining a fixed percentage allocation among different asset classes.

Dividend Payout Ratio

A financial metric that shows the percentage of earnings a company distributes to its shareholders in the form of dividends.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the costs associated with making and selling the product, calculated as net income divided by revenue.

Projected Addition

Projected addition refers to the estimated increase or expansion in a company's assets, revenues, or capabilities, based on future plans or investments.