Identify the option that is not a reason for a company to make changes in their Accounting Information System .

Question

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Answer 1

Question

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

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Stone Company is facing several decisions regarding investing and financing activities. Address each decision independently. On June 30, 2024, the Stone Company purchased equipment from Paper Corporation. Stone agreed to pay $28,000 on the purchase date and the balance in five annual installments of $5,000 on each June 30 beginning June 30, 2025. Assuming that an interest rate of 10% properly reflects the time value of money in this situation, at what amount should Stone value the equipment? Stone needs to accumulate sufficient funds to pay a $580,000 debt that comes due on December 31, 2029. The company will accumulate the funds by making five equal annual deposits to an account paying 5% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2024. On January 1, 2024, Stone leased an office building. Terms of the lease require Stone to make 10 annual lease payments of $138,000 beginning on January 1, 2024. A 10% interest rate…

Answer 2

Question

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

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Answer 3

Question

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

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Answer 4

Question

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

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Answer 5

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

Answer 6

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

Answer 7

Chapter 20, Problem 1CQ

To determine

Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Answer 8

Expert Solution & Answer

Answer to Problem 1CQ

Option e

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Accounting Information System: AIS collects, records, stores and processes accounting and other data to produce information for decision makers. AIS can be a paper-and-pencil manual system, a complex system using the latest in IT, or something in between. It includes people, procedure and instructions, data, software, information technology infrastructure and internal controls and security measures.

The organizations try to changes or improve their information system frequently as to survive in the highly competitive and ever-changing world. Some of the reasons for a company to change its information system frequently is given below:

Change in user or business needs.
Technological changes.
Improved business process.
Competitive advantage.
Productivity gains.
System integration and
System age and need to be replaced.

Option a: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option a is incorrect.

Option b: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option b is incorrect.

Option c: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option c is incorrect.

Option d: As per the above explanation, the given option is only a part of a reason for the changes in the accounting information system. Therefore, Option d is incorrect.

Option e: As per the above explanation, the given option contains all the reason for the changes in the accounting information system. Therefore, Option e is correct.

Answer 12

Ch. 20 - Prob. 1CQ Ch. 20 - Prob. 2CQ Ch. 20 - Prob. 3CQ Ch. 20 - Prob. 4CQ Ch. 20 - Prob. 5CQ Ch. 20 - Prob. 6CQ Ch. 20 - Prob. 7CQ Ch. 20 - Prob. 8CQ Ch. 20 - Prob. 9CQ Ch. 20 - Prob. 10CQ

Identify the option that is not a reason for a company to make changes in their Accounting Information System .

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Identify the option that is not a reason for a company to make changes in their Accounting Information System.

Answer to Problem 1CQ

Explanation of Solution

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Chapter 20 Solutions