CHAPTER Introduction to Transaction Processing hapter 1 introduced the transaction processing system (TPS) as an activity consisting of three major subsystems called cycles: the revenue cycle‚ the expenditure cycle‚ and the conversion cycle. Even though each cycle performs different specific tasks and supports different objectives‚ they share common characteristics. For example‚ all three TPS cycles capture financial transactions‚ record the effects of transactions in accounting records‚ and
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Managerial accounting chapter 13 garison Question 13-11 Project A Initial Cost = $15‚000 Life of the project = 10 years Annual net cash inflow = $4‚000 Salvage Value = $0 Required rate of return = 16% Item Years Amount of cash flow 16% factor Present Value of Cash flow Annual net cash flow 1 to 10 $4‚000 4.833 $19‚332 Intial Investment Now $15‚000 1 $15‚000 Net Present Value (a-b) $4‚332 Project B Initial
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5-675)*16250 Profit=$5‚281‚250 Profit=$2‚640‚625 Q=12500 Total profit=(Profit Manufacturing unit)+(profit sales unit) Total profit=$5‚281‚250+$2‚640‚625=$7‚921‚875 2. Example of transaction cost economics. Some organizations struggle whether or not to outsource the IT division. The company has two choices for any economic activity: going outside to market or perform the activities in-house. In any case‚ the cost of the activity is divided into production costs‚ and transaction costs. Production
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$10‚000 Utilities $1‚000 Interest on bank loan $10‚000 ________________________________________ Calculate (a)the explicit costs‚ (b) the implicit costs (c) the business profit (d) the economic profit and (e) the normal return on investment in the business. a) Explicit Costs = $45‚000 + $15‚000 + $10‚000 + $1‚000 + $10‚000 = $81‚000 b) Implicit Costs = Opportunity Cost – which is her salary foregone = $25‚000 c)
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incomes. (Prof. Gardner Ackley) Nat ional Income is t he basic concept of economic‚ which refers t o t he market value of t he goods and services produced during a part icular year. (Prof. Richard Lipsy) CONCEPTS OF NATIONAL INCOme ----1.GROSS DOMESTIC PRODUct Total value of output (goods and services) produced by the factors of production located within the country’s boundary in a year GDP = GNP – Net income earned from abroad 2.GROSS NATIONAL PRODUCT Defined as current value of all goods and services
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Chapter 2: Diversity in Organizations Diversity: Describe the two major forms of workforce diversity. Managers need to recognize and capitalize on individual differences to get the most from their employees. Effective diversity management increases an organization’s access to the widest possible pool of skills‚ abilities‚ and ideas. Managers also need to recognize that differences among people can lead to miscommunication‚ misunderstanding‚ and conflict. Demographic Shifts: 1. Changing
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Chapter 1 The Problem and Its Background Introduction Everyone is aware that Information Technology (IT) has played a very significant role in taking bussinesses and educational institutions to new heights. Before the advent of computers and relevant technology‚ business and information management were totally done using manual resources. As a result‚ the time taken to complete a task was more‚ quality of work was not up to the mark‚ and the procedures also tended to be more complicated (Rampur
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EPBB3044: RESEARCH METHODS IN EDUCATION Course Note Writer: Prof. Dr. Abdul Razak Habib Course Leader: Assoc Prof Dr Abdullah Mohd Noor TOPIC 2: WRITING RESEARCH REPORT 2.1 Introduction This topic will give you the overview of a research report and an example of a research report. After completing this topic‚ you should be able to explain the chapter contents of: (a) Research Problem; (b) Review of the Literature; (c) Research Method; (d) Research Findings; and (e) Conclusions (Figure 2.1)
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Chapter 2 Global E-Business: How Businesses Use Information Systems Lecturer: Richard Boateng‚ PhD. • • Lecturer in Information Systems‚ University of Ghana Business School Executive Director‚ PearlRichards Foundation‚ Ghana Email: richard@pearlrichards.org 2.1 © 2010 by Prentice Hall Management Information Systems Chapter 2 Global E-Business: How Businesses Use Information Systems LEARNING OBJECTIVES • Define and describe business processes and their relationship to information
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Test #2 Practice Test #2: Answer Key Exam number 2 will take place on Monday‚ April 8th‚ 2013. This‚ the second of two practice exams‚ will be the subject of class on Wednesday. It will not be graded‚ but will serve only as practice material accurately representing the content and format of the exam. 1.) Walter used to work as a high school teacher for $40‚000 per year but quit in order to start his own painting business. To invest in his painting business‚ he withdrew $20‚000 from his savings
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