Question 1 Correct! The sale of receivables by a business can be a quick way to generate cash for operating needs. The sale of receivables by a business can be a quick way to generate cash for operating needs. Question 2 Correct! April 30 –13 = 17 days remaining in April + 31 days in May + 12 days in June = a maturity date of June 12. A 60-day note receivable dated April 13 has a maturity date of June 12. Question 3 Correct! A
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was to hire a consulting firm to assist in the selection and installation of a comprehensive Retail Management System (REMS). A consulting firm named Smith Consulting Firm was selected for the contract and after an in-depth analysis of the RMS; a modular and scalable RMS was selected. The REMS was installed in the first and subsequent Kudlers retail stores. An accounting system is very important to a business because the company needs to know how the business is doing; you want to have
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AUTOMATED SALES AND INVENTORY SYSTEM OF BISU CLARIN BUSINESS CENTER ______________ A Thesis Presented to the faculty of the Computer Science Department BOHOL ISLAND STATE UNIVERSITY Clarin Bohol ______________ In Partial Fulfillment Of the Requirements for the degree of Bachelor of Science in Computer Science By: Sendrijas‚ Irish P. Socorin‚ Margelyn T. Memoracion Dian Mark L. Daryl Valdez Adviser CHAPTER 1 THE PROBLEM AND ITS SCOPE INTRODUCTION Rationale Man has come along his way in doing
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Consumers Cooperative Income and Inventory System To comply with the requirements needed in BCO 113 – ITConcepts and Systems Analysis and Design A Proposed System by: Camille D. Tengson Danielle Rae L. Castillo Jamiefelle A. Dela Cruz Macx Erl Del M. Malvataan Rubylyn T. Nuevas August First Semester Chapter 1 INTRODUCTION Background of the Study: Two of the most essential information for the owner(s) to know is the income and the inventory – a conformable statement probably
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company’s operation by using a computer system that will assist the owner in transaction of the businesses. For the past years to present‚ the business is using manual type of system in recording‚ transactions‚ and preparing the sales report. The systems analysts will indicate the following sub-problem of the business existing system. Unsecured records of Sales Inventory Security of the business is not properly monitored using manual type of system. Unauthorized users or individuals can easily
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Inventory-Related Fraud Detection: • Beside revenue related fraud‚ the Antars also overstated their inventory. If inventory is overstated‚ the cost of goods sold is understated‚ and gross margins and net incomes are overstated. o Crazy Eddie had a close relationship with one of their vendors known as Wren Distributors. Crazy Eddie was Wren’s largest customer‚ accounting for 35% of their revenues. o Crazy Eddie ordered 10% of their total inventory from Wren so Sam Antar asked Wren to ship $3
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customers. A firm grants trade credit to protect its sales from the competitors and to attract the potential customers to buy its products at favourable terms. Trade credit creates accounts receivable or trade debtors that the firm is expected to collect in the near future. The customers from whom receivable or book debt have to be collected in the future are called trade debtors or simply as debtors and represent the firms claim or asset. A credit sale has three characteristics: First‚ it involves an
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DIGITALIZED POINT OF SALE SYSTEM (DPOSS) Of Cake-O-Holic Cake Shop In partial fulfilment of the Requirements for SAD D’ARC By: Dean Julian Bleza Clint Louise Reyes Arianne Ruizo Froiland Sta. Theresa © 2012 CHAPTER I THE PROBLEM AND ITS BACKGROUD 1.1 Introduction Most companies nowadays use computers in transacting with their clients. Companies are now making their systems computerized because using a computerized system will help the company minimize the time and efforts consumed
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CHAPTER II REVIEW OF RELATED LITERATURE Foreign Literature The Controller General’s Department (CGD) in Thailand has recently implemented a new government electronic transaction system to provide better and faster financial service to local administrations countrywide. Complaints were received over delays in revenue allocation from the central government to local administrations‚ and the government could not trace the cause of the delay because of the number of agencies involved in and
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Title: Hotel Reservation System Author: Arlene Mercado‚ http://www.scribd.com/doc/31359025/Reservation-System-Thesis Date Published: 05/14/2010 Objective: This study aims to solve the problems encountered and to change the manual reservation. Specific Objectives 1. To increase the security between the management and staff. 2.To lessen time consume. 3.To highly integrate data. 4.To spend less time in searching and retrieving of files.5.To create a back up of files in every successful transaction
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