Explain The Vendor Performance Report in exhibit 6 includes all vendor records

Q: Explain consistency concept.

A: Consistency: Consistency principle emphasizes that companies should adhere to same accounting…

Q: Namespaces must be declared at the beginning of an XBRL do

A: Answer: The Internet address(URL)  where an XBRL taxonomy "lives". Name spaces must be declared at…

Q: The following information is for Lawrence company, who uses the LIFO method

A: PLEASE LIKE THE ANSWER, YOUR RESPONSE MATTERS    Inventory valuation using Lower of Cost or…

Q: 1. What are the four levels of activity in the pyramid representing the business organization?…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Explain briefly what the EOQ model is andhow it can be used to help establish an optimalinventory…

A: Economic Order Quantity (EOQ) Model It is a method of inventory costing that aims to identify the…

Q: Describe the three tests to identify reportable operating segments.

A: An operating segment is a company component that engages in business activities to earn revenue and…

Q: Define operating cycle.

A: Definition:   Merchandising businesses: Merchandising companies that buy goods from suppliers, or…

Q: Accounting Artifacts is a business created to sell lifesize abaci. Below are details regarding the…

A: Budgets are the statements prepared by the entity to forecast the different revenues, expenses,…

Q: What document is used to determine which tables of data are necessary?

A:

Q: Define each of the following terms: f. Just-in-time system; outsourcing

A: Answer: Just-in-time system: This is the method for managing inventories. It was developed by…

Q: Briefly describe the key elements of an operating plan

A: An operational plan is an everyday objective planned to achieve the decisions made in the strategic…

Q: Define registration statement (S-1)

A: For public organizations situated in the US, SEC Form S-1 is the underlying enrollment structure for…

Q: The cash account for Stone Systems at July 31 indicated a balance of $17,750. The bank statement…

A: A bank reconciliation statement is prepared by the company in order to match the balances of the…

Q: What is represented by the labeled lines connecting entities in an REA diagram?

A: REA Diagram: REA diagram is a technique used to establish the relationship between resource, events…

Q: explain the requirements for segment reporting, and calculate and interpret segmentratios;

A: Definition: Segment reporting: Segment reporting refers to the process of preparing accounting…

Q: E 2-2 - Items included in inventories Erving Corp. included the following items under inventories:…

A: Inventories are very important current asset for the business, which is to be reported in balance…

Q: Describe what is generally contained in a service auditor report

A: For the audit of the service organization, the audit procedures performed by the auditors…

Q: Complete the remaining sub-parts

A: Adjusted journal entries made at the end of an accounting period to adjust some accounts to ensure…

Q: Identify the following users as either an internal (I) or an external (E) user. Distribution manager

A: Users of the information: Users of information can be classified as internal and external users.…

Q: Answer with detailed working and formula

A: Step 1:To calculate material and labor variances, we need to understand the following key values: 1.…

Q: iscusd the various sources of data for the FRS output and how these data are processed into…

A: Financial Reporting System: The financial reporting system (FRS) overviews the financial resources…

Q: What is a data flow diagram? What are the different levels from most general to most detailed? Draw…

A:

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: On July 1st, 2017, ABC Co. acquired 70% (70,000 shares) of the common stock of XYZ Corp by paying…

A: Acquisition means the one company acquiring the more than 50% of share capital of other company i.e.…

Q: List the steps involved in view integration.

A: View Integration: Single model which is created for integrating multiple REA diagrams to provide a…

Q: Using one of the eight principles from the ACM/IEEE Code of Ethics, provide an example using the…

A: One of the eight principles from the ACM/IEEE Code of Ethics is the principle of "PRODUCT", which…

Q: Define technical analysts

A: Technical analysis refers to analysis that is conducted for analyzing the various types of…

Q: subject:accunting information system. Q5: DFD SYMBOLS AND DESIGN CONSIDERATIONS explain each symbol…

A: DFD: It is the data flow diagram which uses four types of symbols to flow the information into…

Q: What are the key control objectives required for a well-designed general ledger and reporting…

A: The objective of this question is to identify the key control objectives that are necessary for a…

Q: Reports can be directly exported from QBO to

A: Quickbooks: It is an accounting software for small business. Accounting software maintains a records…

Q: do Clipboard Font Alignment EX✓ fx B с D G H J Given is the chart of accounts for JUANA-BET Repair…

A: Ledger is one of the financial book or the collection of accounts where each and every event are…

Q: Account Title Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Salaries Payable…

A: Balance Sheet is a financial statement that includes assets, liabilities and stockholder's…

Q: Terminology Matching Asset Turnover Ratio Current Ratio Days in Inventory Ratio Debt to Assets Ratio…

A: Terminology matching is a concept where some terminologies or terms are provided in one column and…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.