Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN: 9780357156032
Author: Ulric J. Gelinas; Richard B. Dull; Patrick Wheeler
Publisher: Cengage Limited
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Chapter 7, Problem 11RQ
Summary Introduction

To explain: Computer crime.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

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Problem 16-8 Calculating Payments [LO 3] Sexton Corporation has projected the following sales for the coming year: Sales Q1 $ 300 Q2 $ 390 Q4 $ 540 $ 480 Sales in the year following this one are projected to be 25 percent greater in each quarter. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 35 percent of projected sales for the next quarter. Assume that the company pays immediately. a. What is the payables period in this case? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Answer is complete and correct. Payables period 0 What are the payments to suppliers each quarter? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Q1 Payment of accounts $ 170.63 Q2 Q3 Q4 236.25 $ 210.00 $ 164.06
Consider the following information about three stocks: Rate of Return if State Occurs State of Probability of Economy State of Economy Stock A Stock B Boom Normal 0.25 0.32 0.44 Bust 0.40 0.35 0.24 0.22 0.02 -0.24 Stock C 0.60 0.20 -0.40 a-1. If your portfolio is invested 30% each in A and B and 40% in C, what is the portfolio expected return? (Do not round intermediate calculations. Enter the answer as a percent rounded to 2 decimal places.) Portfolio expected return % a-2. What is the variance? (Do not round intermediate calculations. Round the final answer to 8 decimal places.) Variance
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