Why are information systems so essential for running and managing a business today? List and describe six
Question:
List and describe six reasons why information systems are so important for business today.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Six reasons why information systems are so important for business today i...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Management Information Systems Managing the Digital Firm
ISBN: 978-0133050691
13th edition
Authors: Ken Laudon, Jane P. Laudon
Question Posted:
Students also viewed these Management Leadership questions
-
Why are information systems vulnerable to destruction, error, and abuse? 1. List and describe the most common threats against contemporary information systems. 2. Define malware and distinguish among...
-
Why are information systems vulnerable to destruction, error, and abuse? a) List and describe the most common threats against contemporary information systems. b) Define malware and distinguish among...
-
Describe why CRM is so important in managing supply chains. Use an example in your discussion.
-
Briefly discuss the economic reasons of the Suez Canal nationalization, whether nationalization led to a successful managerial model in its aftermath, and for which reasons.
-
You used the sum-mated rating to predict the cost of a restaurant meal (stored in Restaurants). For those data, SSR = 8,126.7714 and SST= 18,810.75. a. Determine the coefficient of determination, r2,...
-
Jones Companys sales are $1,000,000 and the gross margin percentage is 60%. The beginning and ending inventory balances are $240,000 and $260,000, respectively. What is the inventory turnover? a....
-
For each of the following sets of numbers, calculate the sample size \((N)\), the mean \(\mathrm{X}^{-}\) , the standard deviation \((s)\), and the standard error of the mean \(s \mathrm{X}^{-}\): a....
-
Modify the Pigskin spreadsheet model so that demand in any of the first five months must be met no later than a month late, whereas demand in month 6 must be met on time. For example, the demand in...
-
Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes...
-
1. Of the five facts that contributed to Kolds failure, which one do you think was the most damaging? Explain your answer. 2. Describe the feasibility analysis that Keurig Kold should have conducted...
-
How are information systems transforming business, and what is their relationship to globalization? 1. Describe how information systems have changed the way businesses operate and their products and...
-
What exactly is an information system? How does it work? What are its management, organization, and technology components? Define an information system and describe the activities it performs. List...
-
Consider a Poisson probability distribution. Determine the probability of exactly four occurrences for the following conditions: a. l = 2.0 b. l = 3.0 c. l = 4.0 d. What conclusions can be made about...
-
What determines the demand for a nonrenewable natural resource?
-
On June 23, 2016, the U.S. dollar was trading at 0.68 U.K. pounds per U.S. dollar on the foreign exchange market. On June 25, the U.S. dollar was trading at 0.76 U.K. pounds per U.S. dollar. a. What...
-
Describe the components of the new growth theory perpetual motion machine and explain the role played by incentives in keeping the machine in motion.
-
Annie runs a fitness center. On December 31, 2021, she bought an existing business with exercise equipment and a building worth $300,000. During 2022, business improved and she bought some new...
-
If all colleges are public colleges, calculate the tuition that will achieve the efficient number of students. How much will taxpayers have to pay? The marginal cost of educating a student is a...
-
Write the complete atomic symbol for each of the following isotopes. (a) Carbon-13, (b) Phosphorus-31, (c) Sodium-23, (d) Boron-10
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
Kent Sikes is a junior at State University. He has taken a summer job in the biggest factory in his hometown. He was told to report to the warehouse supervisor the first day at work. The supervisor...
-
How helpful is precision agriculture to individual farmers and the agricultural industry? Explain your answer.
-
Describe the problem faced by Plan International. What management , organization, and technology factors contributed to this problem?
-
Describe the system solution to this problem. Describe the types of systems used for the solution.
-
Given the matrix A -3 0 -14 3 4 6 9115 7701 a) Determine all solutions of the homogeneous system Ax = 0. b) Determine if the columns of A span R.
-
Summarize each data source and include them for substance abuse and alcohol in the military. Analyze each data source for substance abuse and alcohol in the military for trustworthiness and accuracy....
-
On January 1, 2023, Holland Corporation paid $7 per share to a group of Zeeland Corporation shareholders to acquire 60,000 shares of Zeeland's outstanding voting stock, representing a 60 percent...
Study smarter with the SolutionInn App