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please answer all the questions 9. Accounting is a system whereby data is turned into information using the processes described below. Identify the process (recording,
please answer all the questions
9. Accounting is a system whereby data is turned into information using the processes described below. Identify the process (recording, reporting, analyzing, classifying, interpreting, data gathering, storing) described in each letter. a. Evaluating the reported financial information to allow statement users to make informed decisions about the business b. Systematic encoding of accounting data based on documents received c. Summarizing the financial information in a condensed format to be better understood by the statement users. d. Accumulating the financial data that has an effect on the specific business. e. Determining how the information affects the values of the specific business. 10. Refer to exercise 9. Rearrange the processes in orderly manner in accordance to the requirement of the accounting information system. 5. Listed below are activities. A. Planning B. Organizing C. Planning D. Controlling E. Deciding to be performed by division managers I. Finance II. Marketing III. Production IV. Sales V. Human Resource. Identify the activity and the division manager, using letters and numbers. a. Conducts yearly evaluation of employees' performance b. Decides on whether to renovate or relocate the factory to give way for the new machines that were purchased c. Makes a study on cost, volume, and profit considering the escalating price of petroleum products which is the major operating cost of the company d. Makes surprise tours of its retail outlets, observes how employees entertain customers, and reviews the list of customers' returns and complaints. e. Suggests that the lead products should undergo redesigning and repackaging to reduce cost and meet target pricesStep by Step Solution
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