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Andru [333]
4 years ago
8

Abby Burke has created custom statues made out of scrap metal for over ten years. Abby has kept detailed records of every statue

she has ever created. For every sale, she obtains the customer's name and address, a description of the statue, and a picture of the statue sold to the customer. Her unique style has recently attracted the attention of several celebrities. Ready to take her business to the next level, Abby has hired you to construct an accounting information system, which she wants modeled after her paper records. As you look over her records, you realize that sometimes the same customer is recorded by a slightly different name. For example, Mike Mulligan bought a horse statue, M. Mulligan bought a bear statue, and Mike M. all seem tobe the same person. This is an example of what type of problem in the existing records?A) entity integrityB) referential integrityC) update anomalyD) insert anomaly
Business
1 answer:
horrorfan [7]4 years ago
8 0

Answer:The correct option is C. Update Anomaly.

Explanation: An update anomaly is a kind of data anomaly, it is the phenomenon in which a data inconsistency results from data redundancy and a partial update.

Case in point, the situation whereby each employee in an organization is associated with a department and also the student group they participate in.

Another example can be seen in the scenario presented above, whereby there seems to be an error of associating one person who bears the name of Mike Mulligan to different purchases at different points in time.

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Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
The market for electric cars is growing substantially. By contrast, after recent scandals involving high pollution levels, Diese
aleksklad [387]

Answer:

decline.

Explanation:

The decline stage of the product's life cycle is marked by declining sales and product profitability. Generally, in this phase, the product begins to be replaced by new technologies, becomes outdated and goes into disuse.

It is important for companies to be aware that when entering this phase, the product needs redesign planning, so that improvements are implemented that make it updated to be relaunched in the market and then start another life cycle.

8 0
3 years ago
You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000
zloy xaker [14]

Answer:

A

Explanation:

In this case the rate that allows you to bring annual disbursements to a single value is the IRR (internal return), in this case 22.64%

8 0
4 years ago
Banks that practice fractional reserve banking are able to:
natta225 [31]

Answer:

<h3>B. provide financial services to customers at no cost.</h3>

Explanation:

i hope it helps :)

6 0
3 years ago
Read 2 more answers
The term capital, as used by economists, refers to A. money B. the physical space in which production occurs C. the time allocat
miskamm [114]

Answer:

The correct answer is option E.

Explanation:

The term capital refers to the machinery and equipment that are used to produce goods and services. These things are long lasting and are not exhausted in the production process.

It is one of the four factors of production and essential for production of goods and services. It is already produced durable good.

Financial securities such as stocks and bonds are financial capital and are different from capital goods or capital assets.

7 0
4 years ago
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