I believe the answer is: Business strategy should drive IS decision making
Decision making process is created in order to ensure the business take up the correct approach to fulfilling its goals. Making sure that the decision fit the strategy is extremely beneficial because it would does not require many adjustment that throw the employees off their work flow.
The function that serves as an intermediary between an organization shipping a product and the actual carrier is Customer Broker.
<h3>
What is Custom brokers?</h3>
- Custom brokers , also known as customs house brokers, are roles that may be held by or linked to customs brokerage firms, independent companies, shipping lines, importers, exporters, independent businesses, and freight forwarders.
- Those who hold a license as a customs broker are not considered to be "customs officials" by the government (in other countries the two terms may be interchangeable). The tariff schedule, a list of duty rates for imported goods, CATAIR, the legal and administrative requirements controlling importations, and other trade-related issues must all be known to customs brokers.
- For instance, a customs broker can be required to inform an importer of the country-specific marking requirements or complete the paperwork for a consignment of clothes that is subject to quotas and visa restrictions.
- It is possible to prevent delays, item seizures, and fines and penalties that may be imposed against the importer and/or broker by being aware of the criteria for each type of import.
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Answer:
Dr merchandise inventory $3,500
Cr accounts payable $3,500
Dr accounts payable $600
Cr purchases returns and allowances $600
Dr accounts payable($3,500-$600) $2,900
Cr cash $2,900
Explanation:
The purchase of goods worth $3,500 means that merchandise inventory is debited with $3,500 while accounts payable is credited with the same amount.
Upon returning goods worth $600,purchases returns and allowances is credited while accounts payable is debited.
When payment is made, cash is credited while accounts payable is debited to show that the outstanding debt has been paid
Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r
Answer:
Current year’s increase in the PBO that is associated to service is $14,752
Explanation:
Projected Benefit Obligation is the present value of retirement benefit that an employee gets.
PBO value at the end of the year = $309,796
PBO value at the beginning of the year = $278,343
Addition in PBO during the year = $309,796 - $278,343 = $31,453
Interest cost = $278,343*6% = $16,701
Addition associated with service = $31,453 - $16,701 = $14,752