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3 years ago

The data processing cycle consists of four steps. Draw all the steps.

Business

1 answer:

Lyrx [107]3 years ago

7 0

Answer:

Explanation:

The four steps in the data processing cycle are the following input, processing, output and storage. The information is first entered into system where it is then processed by the system. Once the information is processed and understood by the system it is then saved in a database. From the database it is then grabbed by the system and sent as an output to where it is needed. This is all illustrated in the drawing attached below.

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A Blank______ does not require consumers to do anything other than buy a ticket or fill out a form for a chance to win some type

svetoff [14.1K]

Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

<h3>What is Sweepstakes?</h3>

Sweepstakes is a form of gambling in which everyone involved in the contest pay a certain amount of money and the winner is awarded with a price or the money contributed.

Therefore, Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

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2 years ago

A local transit authority charges $1 for a bus ride. An economics study suggests that in the price range from $0.50 to $1.50,

Sunny_sXe [5.5K]

Answer:

To increase its revenue, transit authority should lower the fare.

Explanation:

The 'elasticity of demand' measures the change in consumers response in quantity he demands as a result of the change in price, other factors remaining same.

A product is called elastic if with the increase or decrease in price, there is a drastic change in the quantity demand of the product. If the transit authority will lower its fare, then their revenue will increase as the elasticity of demand for bus trip is 1.2. By lowering the fare, the demand would increase and their revenue will increase.

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3 years ago

Changing prices to attract customers is most difficult in a

dsp73

Changing prices to attract customers is most difficult in a "<span>purely competitive market"

Hope this helps!</span>

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4 years ago

Griffin goat far inc has sales of 666000, depreciation expense of 72000, interest expense of 46000, nad a tax rate of 24 percent

Helen [10]

In a condition where Griffin Goat Far Inc., has sales of 666000, depreciation expense of 72000, interest expense of 46000, and a tax rate of 24 percent, the net income of this firm will be $416,480.

<h3>What is the significance of net income?</h3>

The net income can be referred to or considered as the surplus difference between the gross income and the expenses plus taxes of an organization for a given period.

Using the given information, it can be interpreted that,

Net Income = 666,000 – (72,000 + 46,000) – 24%

Net Income = 666,000 – 118,000 – 24%

Net Income = 548,000 – 24%

Net Income = $416,480

Therefore, the significance regarding the net income has been aforementioned.

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1 year ago

Profit is only a liability for the business. Can you justify this?

lara31 [8.8K]

Answer:

A growing company may not be earning any profits yet, but may nevertheless provide a great investment opportunity.

Other times, a lack of profitability can be a huge red flag that something is wrong with the firm.

Explanation:

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3 years ago