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accounting

Questions and Answers of Accounting

What is the purpose of using a mnemonic code for data?
List the eight general guidelines for proper coding.
Define the term bottleneck as it applies to data entry.
What three repetitive functions of data entry can be done more efficiently by a computer than by a data entry operator?
List six data entry methods.
List the three main problems that can occur with input transactions.
Define RFID. What are the differences between active and passive RFID tags?
Give two examples of the use of RFID tags in process or inventory management in retail or health care environments.
What are the eight tests for validating input data?
List four improvements to data accuracy that transactions conducted over ecommerce Web sites can offer.
What is a regular expression?
A small, private university specializing in graduate programs needs to keep track of the list of students who (a) apply, (b) are accepted, and (c) actually enroll in the university. For security
A code used by an ice cream store to order its products is 12DRM215-220. This code is deciphered in this manner: 12 stands for the count of items in the box, DRM stands for Dreamcicles (a particular
The data entry operators at Michael Mulheren Construction have been making errors when entering the codes for residential siding products, which are as follows: U = stUcco, A=Aluminum, R = bRick, M =
The following is a code for one product in an extensive cosmetic line: L02002Z621289. L means that it is a lipstick, 0 means it was introduced without matching nail polish, 2002 is a sequence code
The d’Arcy James cosmetics firm requires its salespeople to use notebooks to enter orders from retail department stores (their biggest customers). This information is then relayed to warehouses,
List the best data entry method and your reason for choosing it for each of the following six situations:a. Turnaround document for a utility company that wants notification of a change in the
Ben Coleman, one of your systems analysis team members, surprises you by asserting that when a system uses a test for correct field length, it is redundant also to include a test for range or
Several retailers have gotten together and begun issuing a “state” credit card that is good only in stores in their state. As a courtesy, salesclerks are permitted to transcribe the 15-digit
The following are part numbers: 238902, 238933, 239402, 235693, 235405, 239204, 240965. Develop a check digit for them using 1-3-1-3-1 multipliers and modulus 11. Use the method presented in this
Develop a check digit system for the part numbers in Problem 10 using 5-4-3-2-1 multipliers and modulus 11.
Develop a check digit system for the part numbers in Problem 10 using the Luhn formula.
Why would a check digit system such as 1-1-1-1-1 not work as well as other methods? What errors would it miss?
Define a regular expression for validating each of the following:a. A U.S. zip code, which must have five digits, followed by an optional hyphen and four digits. b. A telephone number in the
For the following codes, define the validation criteria (there may be multiple checks for each field) and the order that you would test each of the conditions.a. A credit card number entered on a Web
Tuesday afternoon finds Anna and Chip having their weekly analysis and design review session. Chip waves toward a large stack of documents that are neatly organized on a large table. “I can’t
“Merle, come here and take a look at these end-of-the-week reports,” Portia pleads. As one of the managers on the six-person IS task force/quality assurance committee, Portia has been examining
Based on what you know about the various documentation techniques, what technique(s) would you propose to the members of the group? How will the technique(s) you proposed overcome some of the
As the most senior member of the team present, what can you do to convince Lou and Stan about the importance of testing the accounting module with live data? What can systems analysts do in planning
What problems are occurring with the training sessions? How can they be addressed, given the scheduling constraints mentioned? What basic advice on setting up training sessions did your team ignore?
Recall that in Consulting Opportunity 3.1, “The Sweetest Sound I’ve Ever Sipped,” you met Felix Straw. Devise a systems solution that will address the problems discussed there. Your solution
“Idon’t know what happened. When the new system was installed, the systems analysts made a clean getaway, as far as I can tell,” says Marc Schnieder, waxing philosophic. Recall that he is owner
1. Use the FOLKLORE method to complete the documentation of the Management Information Systems Unit GEMS system. Be sure to include customs, tales, sayings, and art forms.2. In two paragraphs,
1. Develop an implementation plan that would be useful to the Training group in changing to a computerized project tracking system. Use a paragraph to explain your approach. Be sure that what you are
What are the three broad approaches available to the systems analyst for attaining quality in newly developed systems?
Define the total quality management (TQM) approach as it applies to the analysis and design of information systems.
What is meant by the term Six Sigma?
Define what is meant by doing a structured walkthrough. Who should be involved? When should structured walkthroughs be done?
List the advantages of taking a top-down approach to design.
Define modular development.
List four guidelines for correct modular programming.
What is service-oriented architecture?
In what four categories does the FOLKLORE documentation method collect information?
List six guidelines for choosing a design and documentation technique.
What is the difference between test data and live data?
What are the two types of systems auditors?
List the four approaches to implementation.
Describe what is meant by a distributed system.
What is the client-server model?
List the five possible sources of training for users of information systems.
List the five conversion strategies for converting old information systems to new ones.
List the nine organizational metaphors and the hypothesized success of each type of system given their presence.
Define the terms physical, logical, and behavioral security, and give an example of each one that illustrates the differences among them.
List five of the several measures an analyst can take to improve the security, privacy, and confidentiality of data, systems, networks, individuals, and organizations that use ecommerce Web
List five guidelines for designing a corporate privacy policy for ecommerce applications.
Briefly give the differences between disaster preparedness and disaster recovery.
List and describe the utilities of information systems that can be used to evaluate the information system.
What are seven essential items that the analyst should include in performing a Web site traffic analysis?
One of your systems analysis team members has been discouraging user input on quality standards, arguing that because you are the experts, you are really the only ones who know what constitutes a
Write a detailed table of contents for a procedure manual that explains to users how to log onto your school’s computer network, as well as the school’s network policies (who is an authorized
Your systems analysis team is close to completing a system for Meecham Feeds. Roger is quite confident that the programs that he has written for Meecham’s inventory system will perform as
Propose a revised testing plan for Meecham Feeds (Problem 3). Break down your plan into a sequence of detailed steps.
Draw a local area network or some other configuration of distributed processing using the client/server approach to solve some of the data sharing problems that Bakerloo Brothers is having. It wants
Create a disaster recovery plan for one of the networks you recommended to Bakerloo Brothers in Problem 5.
Cramtrack, the regional commuter train system, is trying to train users of its newly installed computer system. For the users to get the proper training, the systems analysts involved with the
A beautiful, full-color brochure arrived on Bill Cornwell’s desk describing the Benny Company’s offsite training program and facilities in glowing terms; it showed happy users at PCs and
“Just a little longer . . . I want to be sure this is working correctly before I change over,” says Buffy, the owner of three bathroom accessories boutiques called Tub ‘n Stuff. Her accountant,
Draft a plan to perform Web traffic analysis for the ecommerce application developed for Marathon Vitamin Shops. Your plan should take the form of a written report to the owner of the chain, Bill
FilmMagic, a chain of video rental stores, is experimenting with adding a new Web-based service to its store (similar to www.netflix.com) that would, for a monthly fee, permit customers to choose a
Ayman’s Office Supplies Company recently had a new information system installed to help its managers with inventory. In speaking with the managers, you notice that they seemed disgruntled with the
Mack Roe walks to Anna’s desk where Chip is standing and says, “The last program has been tested and incorporated into the system test. The results indicate that the system is finally complete.
A net present value analysis used to evaluate a proposed equipment acquisition indicated a $9,750 net present value. What is the meaning of the $9,750 as it relates to the desirability of the
The following data are accumulated by Environmental Services Inc. in evaluating two competing capital investment proposals:Determine the expected average rate of return for eachproposal.
General Bearings Company is considering an investment in equipment that will replace direct labor. The equipment has a cost of $94,000, with a $6,000 residual value and an 8-year life. The equipment
Pocket Communications Inc. is considering an investment in new equipment that will be used to manufacture a PDA (personal data assistant). The PDA is expected to generate additional annual sales of
Green Thumb Inc. is planning to invest $238,000 in a new garden tool that is expected to generate additional sales of 8,000 units at $36 each. The $238,000 investment includes $54,000 for initial
First Charter Bank Corporation is evaluating two capital investment proposals for a drive-up ATM, each requiring an investment of $250,000 and each with an 8-year life and expected total net cash
Personal Care Products Company is considering an investment in one of two new product lines. The investment required for either product line is $550,000. The net cash flows associated with each
The following data are accumulated by Pilot Atlas Company in evaluating the purchase of $340,000 of equipment, having a 4-year useful life:a. Assuming that the desired rate of return is 12%,
Metro-Goldwyn-Mayer, Inc. (MGM), is a major producer and distributor of theatrical and television filmed entertainment. Regarding theatrical films, MGM states, “Our feature films are exploited
Crowe Excavation Company is planning an investment of $235,000 for a bulldozer. The bulldozer is expected to operate for 1,500 hours per year for five years. Customers will be charged $98 per hour
Bellco Development Company has two competing projects: an apartment complex and an office building. Both projects have an initial investment of $775,000. The net cash flows estimated for the two
IHOP Corporation franchises breakfast-oriented restaurants throughout North America. The average development costs for a new restaurant were reported by IHOP as follows:Land ............. $
Carnival Corp. has recently placed into service some of the largest cruise ships in the world. One of these ships, the Carnival Glory, can hold up to 3,000 passengers and cost $510 million to build.
Animated Media Inc. has computed the net present value for capital expenditure proposals A and B, using the net present value method. Relevant data related to the computation are as follows:Determine
Victory Sporting Goods Company is considering an investment in one of two machines. The sewing machine will increase productivity from sewing 120 baseballs per hour to sewing 170 per hour. The
Western Rail Inc. is considering acquiring equipment at a cost of $468,800. The equipment has an estimated life of 10 years and no residual value. It is expected to provide yearly net cash flows of
The internal rate of return method is used by Rustic Renovations Inc. in analyzing a capital expenditure proposal that involves an investment of $74,520 and annual net cash flows of $15,000 for
IBM Corporation recently saved $250 million over three years by implementing supply chain software that reduced the cost of components used in its manufacture of computers. If we assume that the
Mr. Pop Popcorn Company is considering two possible investments: a delivery truck or a bagging machine. The delivery truck would cost $36,506 and could be used to deliver an additional 40,000 bags of
Empire Healthcare Corp. is proposing to spend $84,434 on a 7-year project whose estimated net cash flows are $18,500 for each of the seven years.a. Compute the net present value, using a rate of
Portable Technologies Inc. is considering the purchase of automated machinery that is expected to have a useful life of 4 years and no residual value. The average rate of return on the average
International Foods Inc. invested $1,000,000 to build a plant in a foreign country. The labor and materials used in production are purchased locally. The plant expansion was estimated to produce an
Kelly McClung was recently hired as a cost analyst by Continental Medical Supplies Inc. One of Kelly’s first assignments was to perform a net present value analysis for a new warehouse. Kelly
A Masters of Accountancy degree at Mid-State University would cost $12,000 for an additional fifth year of education beyond the bachelor’s degree. Assume that all tuition is paid at the beginning
The plant manager of Griffin Equipment Company is considering the purchase of a new robotic assembly plant. The new robotic line will cost $1,250,000. The manager believes that the new investment
You are considering an investment of $360,000 in either Project A or Project B for Lion Studios Inc. In discussing the two projects with an advisor, you decided that, for the risk involved, a return
The office supplies purchased during the year total $4,570, and the amount of office supplies on hand at the end of the year is $460.a. Record the following transactions directly in T accounts for
During the first year of operations, insurance premiums of $11,400 were paid. At the end of the year, unexpired premiums totaled $4,175. Journalize the adjusting entry at the end of the year,
The unearned advertising revenues collected in advance during the year total $482,800, and the unearned advertising revenue at the end of the year is $112,500.a. Record the following transactions

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