------------------------------------------------- Chapter 12—Electronic Commerce Systems TRUE/FALSE 1. Because of network protocols‚ users of networks built by different manufacturers are able to communicate and share data. ANS: T 2. Electronic commerce refers only to direct consumer marketing on the Internet. ANS: F 3. Business to consumer is the largest segment of Internet commerce. ANS: F 4. The phrase “.com” has become an Internet buzz
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INTRODUCTION Accounting is an instinct part of a business‚ owners and other interested parties want to know whether they are making a profit or not through the use of either Manual accounting System or the Computerized System. Historically‚ accounting was a manual process where in the well known father of Accounting‚ Luca Pacioli‚ developed the double entry bookkeeping system in 1494 using debits and credits to manage company. The manual process uses paper ledgers and journals where accountants
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Oil-Nigeria to the top in 1994 as the company that made more money than any company globally. However‚ the company fell short of its corporate social responsibility by 1996 by getting involved with unethical practices (Arvidsson‚ 1996). This paper discusses how shell abused the environment and the human right of the Nigerian people and manipulated local government for profit. According to Draft‚ CSR is an extension of the idea of managerial ethics and refers to management’s obligation to make choices and take
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Research-Kudler Fine Foods Virtual Organization Barbara Hall MKT/421 ` Amber Topping August 5th 2013 Kudler Fine Foods is an upscale epicurean specialty food market with three locations in California. Founder Kathy Kudler enjoyed gourmet cooking; it was her way of relieving stress. Kathy having been Vice-President of Marketing for a defense contractor‚ found the opportunity for this upscale epicurean food market while
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costs Labor costs of assembly-line workers $110‚000 – Direct labor Sales commissions $35‚000 – Period costs Factory supplies used $13‚000 – Direct materials Salaries paid to sales clerks $50‚000 – Period costs (b) Explain the basic difference in accounting for product costs and period costs. Product costs are manufacturing costs‚ direct components‚ direct labor and manufacturing overhead‚ do not become expenditures until the company sells inventory. Period costs are non-manufacturing costs‚ including
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Activity-Based Income Statement‚ Journal of Cost Management‚ F94‚ pp. 45-54. The author outlines the development of an ABC based income statement. The multicontribution income statement reflects the individual contribution by product‚ product line‚ operations and facilities. The ABC based income statement attempts to incorporate contribution margin analysis into the income statement - making the income statement a more valuable management tool. [I] Ames‚ B. Charles and James D. Hlavacek‚ Vital Truths
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Enterprise resource planning (ERP) systems defined as an integrate business processes and information technologies into a synchronized suite of procedures‚ applications and metrics. ERPs are expected to enhance all of the corporate performance due to redesigned or rebuild business processes‚ integrated business functions‚ accelerated reporting cycles and expanded information capabilities (O’Leary 2000). On other hand Enterprise Resource Planning (ERP) system is business or financial management
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accounting standards accounting standards Introduction to Accounting Standards Accounting is the art of recording transactions in the best manner possible. Accounting Standards are the policy documents issued by recognized expert accountancy bodies relating to various aspects of measurement‚ treatment and disclosure of accounting transactions and events. Every country has its own standards. Accounting Standards in India are issued by the Institute of Chartered Accountants of India (ICAI)
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of cash flows. The balance sheet shows what it owes and owns. Income statement shows how the company did during a period of time both revenues and expenses. Statement of retained earnings indicates how much previous income was distributed to yourself and other business owners and what was kept for future growth. Statement of cash flows shows where the business obtained cash during a period of time and how the money was used. In my opinion the most important of the four would be the balance sheet
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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