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1 year ago

In designing a management information system (mis), after defining the system's objectives, the next step is to _____.

1 answer:

5 0

In designing a management information system(MIS) , after defining the system's objectives, the next step is to collect and analyze data.

Steps in designing management information system-

Preliminary planning is the initial step, which entails assessing potential solutions and creating a rough budget and schedule for allocating resources.

Analysis: In this step, the plan is analyzed, and a list of the specifications and demands the system must fulfil is started.

The real development stage is known as design. When necessary, the team will come together and start creating the code, databases, and functions that will power the MIS.

Implementation: Before the new MIS is live, this phase starts with rigorous testing and system troubleshooting.

Maintenance: The final phase entails keeping track of the system to keep it up to date and operational.

Learn more about management information system (MIS) here-

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Government attempts to prohibit monopolization of a market are known as __________.

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Government attempts to prohibit monopolization of a market are known as antitrust regulations.

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4 years ago

Acme Company’s production budget for August is 17,700 units and includes the following component unit costs: direct materials, $

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Answer:

a. $1,700 U

b. $3,260 F

Explanation:

a. Fixed over head budget variance = Actual fixed overhead - Budgeted fixed overhead

Actual fixed overhead = $35,700

Budgeted fixed overhead = $34,000

Fixed overhead budget variance = $35,700 - $34,000

= $1,700 U

b. Fixed overhead volume variance = Budgeted fixed overhead - Standard fixed overhead

Standard fixed overhead application rate = $2 per machine hr × 1hr

= $2

Budgeted fixed overhead = $34,000

Standard fixed overhead = Standard hours for actual output × Budgeted rate

= (18,630 units × 1hr) × $2

= $37,260

Fixed overhead volume variance

= $34,000 - $37,260

= 3,260 F

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3 years ago

The roles of money Larry just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down p

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Answer and Explanation:=

Medium of exchange - It is used to enable the sale and purchase between the parties. It represents the standard of value that is necessary to accept all the parties.

Larry writes a check for $4,000. It is a medium of exchange because it shows trade of goods between Larry and the car seller.

Unit of account - It gives permission to do the differentiation between two things.

Larry can easily differentiate the price of the super is more than the price of duper. It is unit of account because he knows the value of the super and duper.

Store of value - It is the value that can be saved and exchanged for a long time period.

Larry has saved checking amount is $4000. It is store of value because it is saved amount.

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3 years ago

Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. last year at a price

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Demand most likely has increased

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3 years ago

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st

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Answer:

MULTI-STEP

Sales Revenue 96,948.00

Sales commissions (8,428.00)

Net Sales 88,520.00

COGS (61,018.00)

Gross Profit 27,502.00

Depreciation (11,336.00)

Delivery Expense (3,138.00)

Salaries expense (5,348.00)

Operating Income 7,680.00 

Rent revenue 17,678.00

Interest expense (2,308.00)

Non-Operating 15,370.00

Earning Before Taxes 23,050.00

Income Tax (9,518.00)

Net Income 13,532.00

Shares 40,550

EPS 0.33

ONE-STEP

Sales Revenue 96,948.00

Sales commissiones (8,428.00)

Net Sales 88,520.00

COGS (61,018.00)

Gross Profit 27,502.00

Rent Revenue 17,678.00

Depreciation (11,336.00)

Delivery Expense (3,138.00)

Salaries expense (5,348.00)

Interest expense (2,308.00)

EBT 23,050.00

Income Tax (9,518.00)

Net Income 13,532.00

Explanation:

The multi-steps calcualte the operating income and the non-operating income (from other activities and interest which aren't directly linked to the main activity of the company) While the one step just calcualte directly through earnings before taxes after solving gross profit.

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3 years ago

Read 2 more answers