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3 years ago

Importance of information systems in organizations and management

Business

1 answer:

laiz [17]3 years ago

3 0

Answer:

Every organization needs records of its activities to find the cause of problems and proper solutions. Information systems come in handy when it comes to storing operational data, communication records, documents, and revision histories. Manual data storage will cost the company lots of time, especially when it comes to searching for specific data.

Explanation:

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Texas Oil Company (TOC) paid $3,000,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected t

IrinaK [193]

Answer: Please see answer below

Explanation:

Oil Reserve $3,000,000 for year 1, 2, 3

Accumulated Depletion

Year 1 = $3,000,000/50,000 X 10,000= $600,000

Year 2 = 3,000,000/50,000 X 30,000+600,000=$2,400,000

Year 3 =3,000,000/50,000 X 10,000+ 2,400,000= $3,000,000

Oil Reserve

Year 1 =$3000000- $600,000=$2,400,000

Year 2, $3,000,000- $2,400,000=$600,000

Year 3= $3,000,000 -$3, 000,000=$0

Net Oil Inventory

Year 1= $600,000

Year 2 $2,400,000

Year 3= $3,000,000

Year 1 Year 2 Year 3

Oil Reserve $3,000,000 $3,000,000 $3,000,000

Accumulated Depletion $600,000 $2,400,000 $3,000,000

Oil Reserve, $2,400,000 $600,000 $0

Net Oil Inventory $600,000 $2,400,000 $3,000,000

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4 years ago

After years of research had been conducted at significant cost, Blanco Chemical Company determined a fertilizer they had been de

vodka [1.7K]

Answer:

as a "Deferred Development Cost" on the Balance Sheet.

Explanation:

IAS 38.57 QUOTED

"Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established. This means that the entity must intend and be able to complete the intangible asset and either use it or sell it and be able to demonstrate how the asset will generate future economic benefits"

The cost is measured (500,000) has the intention and resources to complete the asset and is possible to bring into production so it is possible to capitalize it

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4 years ago

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Darlene owns 500 shares of Sandmayor, Inc., common stock that she purchased several years ago for $21,000. During the current ye

guapka [62]

Answer:

The solution is shown in the file attached below

hope it helps your question.

Explanation:

Download docx

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4 years ago

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Drake has arranged his budget so that he has $30 to spend on comic books this month, and he is planning on buying three new ones

ira [324]

Buy two of the comics books.

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3 years ago

Explain why cattle would not be good to use as money today

Paul [167]

Cattle would not be good used as currency today because some cattle can be more unhealthy than another causing disputes. Also when paying in a store it would be a great inconvenience.

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4 years ago

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Importance of information systems in organizations and management​

Importance of information systems in organizations and management