FREE Trial

What are the objectives of fixes assets system?

What are the objectives of fixes assets system?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

a Process the acquisition of fixed assets as needed and in accordance with formal management approv…View the full answer


answer-question
Related Book For  answer-question
Accounting Information System

Accounting Information System

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

See More Books
Posted Date: November 28, 2012 07:18:04
See More Questions

Students also viewed these Accounting questions

Q:
What are the objectives of economically developing countries? How do these objectives relate to marketing? Comment.
A:
Industrialization is the fundamental objective of most developing countries although for an apprecia......
Q:
What are the objectives of integrity controls in information systems? In your own words explain what each of the three objectives means. Give an example of each.
A:
Ensure that only appropriate and correct business transactions occur Th......
Q:
What are the objectives of closing entries?
A:
Closing entries are made by a company at the end o......
Q:
Select the necessary words from the list of possibilities to complete the following statements. Statements 1. The of SEC registrants selects the company's audit firm. 2. The auditors must assess the...
A:
1Audit Committee 2 Misappropriation of As......
Q:
Derive the magnification equation, m = h / h = q / p, for a convex mirror. Draw a ray diagram as part of the solution.
A:
Refer to the derivation of the magnification for a concave mirror Draw a ray di......
Q:
Hula hoop fabricators cost $100 each. The Hi-Ho Hula Hoop Company is trying to decide how many of these machines to buy. HHHHC expects to produce the following number of hoops each year for each...
A:
a This chart shows the MPKf as the increase in output from adding another fabricator Fabricators Out......
Q:
Suppose you are a retailer of fashion apparel meant for young professionals working in London. To keep costs down, you design the apparel in London and get it manufactured in Bangladesh and buy in...
A:
Click to View...
Q:
Gross Company estimates that total factory overhead costs will be $ 2,200,000 for the year. Direct labor hours are estimated to be 400,000. For Gross Company, (a) Determine the predetermined factory...
A:
a 550 per direct labor hour 2200000 400000 direct......
Q:
A particular cellular phone company has collected data on a sample of its customers. The data file contains data on over 2,000 customers. Each row contains the activity of a particular customer for a...
A:
To assess whether the period a customer has been using the companys service Account Length has any relation to customer churn we can perform the follo......
Q:
A national catalog and Internet retailer has three warehouses and three major distribution centers located around the country. Normally, items are shipped directly from the warehouses to the...
A:
x 1C 70 x BA 10 x 2B......
Q:
What are the strengths and weaknesses of a batch system with direct access files?
A:
The advantages of a batch system with direct access files are in......
Q:
How do fixed systems differ from purchases system?
A:
The fixed asset system processes nonroutine transactions for a wider group of users......
Q:
In Exercises find the volume generated by rotating the given region about the specified line. R 2 about y = 1 1 0.5 R R2 0.5 y=x R3 + 1 y = x X
A:
7 1 x 1 x dx V T......
Q:
The following information relates to the year ended 31 January 20*8 for Natalie: stock at 1 February 20*7 1,560; stock at 31 January 20*8 1,640; purchases 65,090; sales 176,040; returns inwards 360;...
A:
Trading Account for the Year Ended 31 January 208 Sales 176040 Less Returns Inwards 360......
Q:
Explain the circumstances that could result in a mortgage being shown as a current liability.
A:
A mortgage is typically considered a longterm liability as it represents a loan used to purchase a property and the repayment period is usually extend......
Q:
Your Uncle Jack has recently had his balance sheet prepared by his accountant. He cannot understand why his capital account is shown as a liability and asks you whether his accountant has got this...
A:
Dear Uncle Jack I understand your confusion regarding your balance sheet and the classification of your capital account as a liability Let me help cla......
Q:
A business shows an increase in its net assets over the year of 12,300. During the year the proprietor made drawings to the value of 16,000. Required Calculate the profit made during the year by the...
A:
To calculate the profit made by the business during the year you can use the fo......
Q:
Write up the following transactions in the T-accounts of F Fernandes: Feb 11 "1 "1 11 "1 1 Started in business with 11,000 in the bank and 1,600 cash. 2 Bought goods on credit: J Biggs 830; D Martin...
A:
Date Description Debit Credit Balance Feb 1 Starting Balance 11000 11000 Feb 1 Starting Balance Cash......
Q:
Jonathan rents his home for twelve days during the 2022 World Cup of US Soccer. Due to the popularity of the event, he earns $4,000 in rent. He spends $150 on a cleaning service immediately after the...
A:
A Rentals fo......
Q:
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
A:
a Depreciation of the buildingfixed b Salaries of restaurant staffmixed a minimum number......
Q:
For this assignment, research the Internet or Strayer databases for information related to improper assumptions concerning accounting information systems. Write a paper in which you: 1. Based on your...
A:
Student......
Q:
You will write a paper in which you identify at least 3 problems in a relationship you have been in or witnessed. Then, analyze and evaluate your position. You will need to do research and have four...
A:
The relationship is not only something that can be focused on one section Relationships are of many types but the most important thing from the relationship they should be heath and bring happiness an......
Q:
Write a paper in which discusses technology evolution, what can this framework tell us about the evolution of new technologies? How can it help resolve the discordant images of both gradual and...
A:
Discuss technology evolution Discourses of innovation development have offered strongly differentiating viewpoints of the pace and instruments of mechanical change From one perspective we have content......
Q:
The wheelbarrow and its contents have a center of mass at G. If F = 100 N and the resultant moment produced by force F and the weight about the axle at A is zero, determine the mass of the...
A:
Resolving force F into its hori......
Q:
To avoid becoming trapped in the politically charged argument of whether global warming really exists, a company might defend its initiatives for reducing carbon dioxide emission by saying, Cleaning...
A:
The argument for having a clean environment whether or not glo......
Q:
The distance from Potsdam to larger markets and limited air service have hindered the town in attracting new industry. Air Express, a major overnight delivery service, is considering establishing a...
A:
a There is only one decision to be made whether or not to lengthen the runwayThere are only two deci......
Q:
Some pornographic publications are materials protected by the First Amendment. Therefore, it is false that no pornographic publications are materials protected by the First Amendment. Use the...
A:
Click to View...
Q:
Cupcake Queen earned net sales revenue of $67,000,000 in 2016. Cost of goods sold was $40,870,000, and net income reached $8,000,000, the companys highest ever. Compute the companys gross profit...
A:
Net Sales Revenue 6700000......
Q:
John and Anthony are two branch managers of a financial organization. John has a message, M1, to be communicated to Anthony. For a secure communication, John wants to send message M2 to Anthony...
A:
a If John simply sends M2 hashM1 to Anthony its a weak approach for secure communication Anthony can quickly recover M1 by using a precomputed table o......
Q:
Apply the use of internal controls to the scenario below, then respond to the questions that follow: Ted Jones owns rental properties in Texas. Each property has a property manager, who collects the...
A:
1 Answer A bank reconciliation is used to compare your records to those of your bank to see if there are any differences between these two sets of records for your cash transactions The ending balance......
Q:
Please respond to the following: Read the David Miller case. After reading the case, describe a reason why someone who has been entrusted with the firms assets would commit a fraudulent act against...
A:
David Miller According to me the main reason for committing fraud is the lack of clarity in the job roles and responsibilities definition by the company and poor accountability When the organization h......
Q:
Briefly explain the key concerns of: (i) A senior member of the engagement team when reviewing the work of a more junior member of the team; (ii) The audit engagement partner when reviewing the...
A:
i Detecting disparities Confirming that the......
Q:
On 1 July 2020, Harry Ltd leased a crane from Potter Ltd. The crane cost Potter Ltd $120 307, considered to be its fair value on that same day. The finance lease agreement contained the following...
A:
Harry td hessee Schedule of lease payments Interest MLP w......
Q:
a. What is the expected 1-year bond yield, 1 year from now? b. What is the expected 1-year bond yield, 5 years from now? c. What is the expected 3-year bond yield, 5 years from now? years to maturity...
A:
Based on the provided data we can calculate the expected bond yields for different scenarios Here ar......
Q:
Python code (normal Python and not pyspark) to answer the following question. "Social computing research at the University of Minnesota" has released moving rating data sets at different sizes at the...
A:
To accomplish the tasks you described you can use Pythons standard libraries Heres a stepbystep approach a Divide the data into 5 almost equalsized files python import pandas as pd Load the MovieLens......
Q:
You are to create a direct messenger program. In particular, the program will perform as follows: 1. It must behave as either a client or a server, depending on the command line arguments supplied...
A:
Solution serverpy Import the necessary libraries import socket import sys import select Take message from an host and send it to all others def shouts......
Q:
Write about gender differences in non-verbal communication according to the scenario below: You are a team of consultants working for a recruitment agency. The manager has asked your team to develop...
A:
Certainly when considering gender differences in nonverbal communication during the job application process its important to be accurate and comprehen......
Q:
An anonymous source tells you that a U.S. senator for your state has voted against many gay rights issues even though he is gay. You have heard other rumors that the senator is homosexual, but the...
A:
1 Source Credibility The anonymous sources credibility is unclear While they claim to have information about the senators personal life its essential......
Q:
The following data were collected for 12 months using a company's sales reports. The report shows, for each month, the amount of money the company spent for advertising (x) and the amount of sales...
A:
a To provide a scatter plot for advertising vs sales dollars with a trend line you can plot the give......
Q:
Gopher, Inc. developing its upcoming budgeted Costs of Quality (COQ) with the following information: Expense Item Budget Raw Materials Inspection $ 15,000 EPA Fine 200,000 Design Engineering 15,000...
A:
1 Bifurcating Cost of qualities in different categories before implementing Quality Initiative Program Cost of quality report Amt Total External failure cost Customer Returns 125000 EPA Fine 200000 32......
Q:
The software industry in India has become a major force in software systems development worldwide. A survey of Indian practitioners who do design and usability work for such systems was conducted. In...
A:
a 74......
Q:
If the cost of doing business for producers increases, which of the following occurs? a. The short-run aggregate supply curve becomes flat. b. The short-run aggregate supply curve shifts outward. c....
A:
d The shor......
Q:
Click fraud has become a major concern as more and more companies advertise on the Internet. When Google places an ad for a company with its search results, the company pays a fee to Google each time...
A:
a If this week is typical of the activity then we could think of these 12......
Q:
Tort cases are so common that it is likely you or someone you know has been involved in a tort case. If so, share what the case was about, what the outcome was, and how you felt about the case and...
A:
Im here to provide information and answer questions but I dont have personal experiences or emotions......
Q:
An individual has $35,000 invested in a stock with a beta of 0.8 and another $40,000 invested in a stock with a beta of 1.4. If these are the only two investments in her portfolio, what is her...
A:
Investment 3500......
Q:
The density of gasoline is 730 kg/m3 at 0C. Its average coefficient of volume expansion is 9.60 X 10-4 /C. If 1.00 gal of gasoline occupies 0.003 80 m3, how many extra kilograms of gasoline would you...
A:
At 0C 100 gallons of gasoline has mass from m V m pV 730 kgm100......
Q:
Firms increasing awareness of their impacts on the environment has led to the establishment of companies that specialize in all aspects of managing the environmental effects of operations. Search the...
A:
Click to View...
Q:
Recall from Exercise 10.1.11 that the data file HousePrices contains data on prices ($) and sizes (in square feet) for a random sample of houses that sold in the year 2006 in Arroyo Grande,...
A:
a Null There is no association between area and price of homes......
Q:
McGee Companys balance sheet consists of the following: $630 million and $290 million. Its current after-tax cost of debt is 7% and its cost of equity is 11%. You have been analyzing various market...
A:
To calculate the difference in the companys Weighted Average Cost of Capital WACC based on marketbased data and bookvalue data well follow these steps......
Q:
Need a Balance Sheet, Income Statement for the below Green Corporation is a fictitious retail garden nursery. You have been provided the December 31, 2019 balance sheet for Green Corporation, as well...
A:
Journal Entries for the year Particulars Debit Credit Prepaid Insurance 1500 Insurance Expense 500 Cash 2000 2000 insurance paid for 30 June 2020 30 Jun 2022 Expense for this year 2000 x 6 months 2 x......
Q:
Open Wireshark and start packet capture. Start your browser and visit wi-fi.org. Once the page is loaded, stop packet capture in Wireshark. Select the Ethernet frame containing the HTTP GET message....
A:
Answer is Step 1 a whats the 48bit local area network address i......
Q:
3. Let u(x, t) denote temperatures in a slab 0
A:
To transform the conditions on ux t into conditions on Ux t we substitute ux t Ux t xFt into the con......
Q:
Read the instructions to create and submit a Draft Cover Letter. 1) You will need to have first located and submitted the earlier assignment related to posting a job position that you are qualified...
A:
Based on the image you provided the printing department is staffed by the following Director Supervi......
Q:
In the CRISP model, there are internal arrows between the six phases. However, there is only one forward arrow between modeling and evaluation. Why do you think it does not make sense for a...
A:
In the CRISPDM CrossIndustry Standard Process for Data Mining model which is a widely used framework......
Q:
Leveraging Accenture's extensive expertise in supply chain, operations and analytics, and MIT's leading research and capabilities in data science, the stress test will quantify supply chain...
A:
Question 1 Developing a Resilient Supply Chain at Accenture Accentures approach to developing a resilient supply chain is outlined in the article and can be inferred from their collaboration with MIT......
Q:
A local club is selling Christmas trees and deciding how many to store for the month of December. If demand is normally distributed with a mean of 100 and a standard deviation of 20, the trees have...
A:
The service level represents the percentage of time the clu......
Q:
Supply chain management and logistics are often concerned with operational performance while financial performance often preoccupies a companys accountants and investors. How should supply chain...
A:
Supply chain managers and logisticians play a crucial role in bridging the gap between operational performance and financial performance To effectively communicate their operational plans and decision......
Q:
Supply chain partner a global network Coca-Cola is a global company that operates at a local level. This means that there are currently around 225 bottling partners worldwide. The supply chain...
A:
CocaCola can take several steps to identify value drivers align its operations strategy and satisfy the demands of the specific markets it serves 1 Lo......
Q:
Describe a job you have had in the past or a job you are very familiar with. Indicate the negative aspects of the job and how it could be improved with current human resource management techniques.
A:
The job being described is the role of Procurement Manager in a fertilizer manufacturing company who......
Equity Asset Valuation 4th Edition - ISBN: 1119628105 - Free Book