Question: An accounting information system should be designed to provide useful information. To be useful the information must be: Select one: a.Relevant, accurate and timely b.Historical

An accounting information system should be designed to provide useful information. To be useful the information must be:

Select one:

a.Relevant, accurate and timely

b.Historical in nature and not support to predict the future

c.Unique and unavailable through other sources

d.Qualitative not quantitative

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The CFO for the Shelton Corporation has $1.2 million to allocate to the following budget requests from 5 departments: Because the total budget requests exceed the available $1.2 million, not all the...

Q:

An accounting information system should be designed to provide useful information. To be useful the information must be: Select one: a. Qualitative not quantitative b. Relevant, accurate and timely...

Q:

An accounting information system should be designed to provide useful information. To be useful the information must be: Select one: a. Historical in nature and not support to predict the future b....

Q:

1. Which of the following statements about the management accountant's role in the decision-making process is/are true? i. The management accountant is primarily responsible for selecting an...

Q:

2. An accounting information system should be designed to provide useful information. To be useful the information must be: A. qualitative not quantitative. B. unique and unavailable through other...

Q:

An accounting information system should be designed to provide information that is useful. To be useful the information must be: Select one: a. qualitative rather than quantitative. b. unique and...

Q:

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false 1) The first step in the decision-making process is to identify the alternatives. 2) The managerial accountant's...

Q:

An accounting information system should be designed to provide information that is useful. To be useful the information must be: a. historical in nature and not purport to predict the future. b....

Q:

12) Cornerstone, Inc. has $125,000 of inventory that suffered minor smoke damage from a fire in the warehouse. The company can sell the goods "as is" for $45,000; alternatively, the goods can be...

Q:

An accounting information system should be designed to provide information that is useful. To be useful the information must be: A. qualitative rather than quantitative. B. unique and unavailable...

Q:

Answer the questions (MCQ can be multiple): \f20. Homer can management reasonablyr ensure that business activities are 2 points performed in accordance with their objectives? D Oversee each errployee...

Q:

Why might the buyer and seller of the same stock both think that their trading price was an "astute" decision? How might those words apply to what you have learned?

Q:

Raphael Ochoa is puzzled. His company had a profit margin of 10% in 2010. He feels that this is an indication that the company is doing well. Cindy Lore, his accountant, says that more information is...

Q:

details were added for this assignment. lim x 2 - 1 x 2 - 2 x x 2 - x - 2 ect the correct answer below: 0 . 6 5 5 1 7 2 0 . 6 6 6 5 5 5 5 0 . b a r ( 6 ) 0 . 6 6 6 6 7 7 7 7 7 The limit does not...

Q:

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $100,000 are payable at the beginning of each year. Each is a finance lease for the...

Q:

The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry,...

Q:

After once again losing a football game to the archrival, a colleges alumni association conducted a survey to see if alumni were in favor of firing the coach. An SRS of 100 alumni from the population...

Q:

Write a program in the language of your choice that behaves differently if the language used name equivalence than if it used structural equivalence.

Q:

Design a parallel RLC circuit with R>=1kohm that has the characteristic equation S^2 + 4*10^7S +3*10^14 = 0

Q:

Using DaVita's 2019 10-K find Asset turnover ratio Days sales outstanding ratio Inventory tunover ratio https://www.sec.gov/Archives/edgar/data/927066/000092706620000014/dva-12311910k.htm

Q:

4. Give examples from your everyday life where the process affects the result, but where the result also affects the process.

Q:

6. Give examples of circular patterns in a communication situation that you have participated in, where element A affects B, and B affects A.

Q:

3. Find examples from your everyday life of people or situations that fit the Ithaca Syndrome.