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Olegator [25]
3 years ago
8

Why is it important for business professionals to take an active role in developing and managing information systems? A. They kn

ow how to create a database and configure computers. B. They are the people who know how to build networks. C. They know whether a system meets their needs and requirements. D. They are the lone users of information systems.
Business
1 answer:
Alex777 [14]3 years ago
4 0

Answer:

C. They know whether a system meets their needs and requirements.

Explanation:

An information system can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.

Additionally, an information system comprises of five (5) main components;

1. Hardware.

2. Software.

3. Database.

4. Human resources.

5. Telecommunications.

Hence, it is important for business professionals to take an active role in developing and managing information systems because it helps them to know whether a system meets their needs and requirements.

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ABC Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank
trapecia [35]

Answer:

Total Asset = $2,598,200

Explanation:

Accounting equation : Asset = Equity + liabilities

Equity =common stock + retained earnings

          = ( 5000*$400) + (40000 - 1800)

          = $2,000,000 + 38200

          = $2,038,200

Liabilities = $240,000 + 320000

               = $560,000

Total Equity and Liabilities = 2038200 + 560000

                                            = $2,598,200

double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.

6 0
3 years ago
Read 2 more answers
Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total
raketka [301]

Answer:

Inelastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded =

35,000 - 40,000/40,000 = -0.125 = -12.5%

percentage change in price = $10 - $8 / $8 = 0.25 = 25%

Elasticity = -12.5%/25%= -0.5

Demand is inelastic because the elasticity of demand is a less than 1.

Elasticity of demand measures how quantity demanded changes when price change.

Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .

Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1

Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.

7 0
3 years ago
For the underwriting of a municipal bond issue, competitive bids are submitted by underwriters as A) a best efforts underwriting
makkiz [27]
B a standby underwriting commitment.
3 0
2 years ago
On January 1, 2012, Gucci Brothers Inc. started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in
dsp73

Answer:

option (C) $1,201,300

Explanation:

Data provided in the question:

Balance in retained earnings = $492,000

Balance in Common Stock = $605,000

Net income earned = $92,000

Dividend paid = $15,200

Common stocks issued = $27,500

Now,

Common Stock

= Balance in Common Stock + Common stocks issued

= $605,000 + $27,500

= $632,500

Retained Earnings

= Balance in retained earnings + Net income earned - Dividend paid

= $492,000 + $92,000 - $15,200

= $568,800

Total Stock Holders Equity on Dec 31,2012

= Common Stock + Retained Earnings

= $632,500 + $568,800

= $1,201,300

Hence,

The answer is option (C) $1,201,300

4 0
3 years ago
A farmer is considering the installation of a fuel storage system that will save $0.065 per gallon because the fuel can be purch
photoshop1234 [79]

Answer:

yes and because yes

Explanation:

5 0
3 years ago
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