EBK ACCOUNTING INFORMATION SYSTEMS
13th Edition
ISBN: 9780100793989
Author: Steinbart
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 10, Problem 10P
For each of the following scenarios, determine whether the company's current backup procedures enable it to meet its recovery objectives, and explain why:
- a. Scenario 1:
- Recovery point objective = 24 hours
- Daily backups at 3:00 A.M., process takes 2 hours
- Copy of backup tapes picked up daily at 8:00 A.M. for storage off-site
- b. Scenario 2: Company makes daily incremental backups Monday through Saturday at 7:00 P.M. each night. Company makes full backup weekly, on Sunday at 1:00 P.M.
- Recovery time objective = 2 hours
- Time to do full backup = 3 hours
- Time to restore from full backup = 1 hour
- Time to make incremental daily backup = 1 hour
- Time to restore each incremental daily backup = 30 minutes
- c. Scenario 3: Company makes daily differential backups Monday through Friday at 8:00 P.M. each night. Company makes full backup weekly, on Saturdays, at 8:00 A.M.
- Recovery time objective = 6 hours
- Time to do full backup = 4 hours
- Time to restore from full backup = 3 hours
- Time to do differential daily backups = 1 hour on Monday, increasing by 30 minutes each successive day
- Time to restore differential daily backup = 30 minutes for Monday, increasing by 15 minutes each successive day
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Until a year ago, Dagwood Printing Company had always operated in a centralized computer environment. Now, 75 percent of the office employees have a PC. Users have been able to choose their own software packages, and no documentation of end-user-developed applications has been required. Next month, each PC will be linked into a local area network and to the company’s mainframe. Required a. Outline a plan of action for Dagwood Printing Company to ensure that the proper controls over hardware, software, data, people, procedures, and documentation are in place. b. Discuss any exposures the company may face if the devised plan is not implemented.
Sunshield Insurance takes 15 days to make payments on insurance claims. Claims are processed through three departments: data input, claims audit, and claims adjustment. The three departments are located in different buildings, approximately one hour apart from each other. Claims are processed in batches of 200. Each batch of 200 claims moves through three departments on a wheeled cart. Management is concerned about customer dissatisfaction. Hence, the implementation of the following measures is adopt by the management to reduce lead time.
Adopt just-in-time principles in its claims payment operations
Switching from paper forms to electronic forms
Design claims payment "cells" that are organized around different types of insurance products or customers rather than processes
Implement a "pull" scheduling processes.
Please provide explanation for each measure on how it reduces the lead time of Sunshield. Thanks
On September 30, 2018, Athens Software began developing a software program to shield personal computersfrom malware and spyware. Technological feasibility was established on February 28, 2019, and the program wasavailable for release on April 30, 2019. Development costs were incurred as follows:September 30 through December 31, 2018 $2,200,000January 1 through February 28, 2019 800,000March 1 through April 30, 2019 400,000Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time.During 2019, revenue of $1,000,000 was recognized.Required:1. Prepare the journal entries to record the development costs in 2018 and 2019.2. Calculate the required amortization for 2019.
Chapter 10 Solutions
EBK ACCOUNTING INFORMATION SYSTEMS
Ch. 10 - Prob. 1CQCh. 10 - Which data entry application control would detect...Ch. 10 - Prob. 3CQCh. 10 - Which disaster recovery strategy involves...Ch. 10 - Prob. 5CQCh. 10 - Prob. 6CQCh. 10 - Prob. 7CQCh. 10 - Prob. 8CQCh. 10 - Prob. 9CQCh. 10 - Prob. 10CQ
Ch. 10 - Prob. 1DQCh. 10 - Prob. 2DQCh. 10 - For each of the three basic options for replacing...Ch. 10 - Use the numbers 10 to 19 to show why transposition...Ch. 10 - Prob. 5DQCh. 10 - Prob. 6DQCh. 10 - Match the following terms with the appropriate...Ch. 10 - Prob. 2PCh. 10 - Prob. 4PCh. 10 - The ABC Company is considering the following...Ch. 10 - Prob. 7PCh. 10 - Prob. 8PCh. 10 - Prob. 9PCh. 10 - For each of the following scenarios, determine...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- The Clark County Sheriff’s Department schedules police officers for 8-hour shifts. The beginning times for the shifts are 8:00 a.m., noon, 4:00 p.m., 8:00 p.m., midnight, and 4:00 a.m. An officer beginning a shift at one of these times works for the next 8 hours. During normal weekday operations, the number of officers needed varies depending on the time of day. The department staffing guidelines require the following minimum number of officers on duty: Determine the number of police officers that should be scheduled to begin the 8-hour shifts at each of the six times to minimize the total number of officers required. (Hint: Let x1 = the number of officers beginning work at 8:00 a.m., x2 = the number of officers beginning work at noon, and so on.)arrow_forwardMatch the items in the following two lists by matching the letter (or letters) of the information quality (qualities) that best describes the information quality violation presented in the second column. Some letters maynot be used at all and some may be used more than once.A. Accuracy ________1. Bruce in the shipping department has been given the job of monitoring shipments to make sure that they are shipped in a timely manner. To do this, he uses a monthly report of items ordered but not shipped in the past month.B. Completeness ____2. Brooks Company has been recording shipments of goods that were not ordered by their customers.C. Relevance ______ 3. Shipments at Ever Ltd, are entered into PCs in the shipping department office. The paperwork…arrow_forwardcrane company management wants to maintain a minimum monthly cash balance of $26,500. At the begining of April, the cash balance is $26,500, expected cash receipts for April are $259,700, and cash disbursements are expected to be $270,300. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance ?arrow_forward
- A CPA’s client, Boos & Baumkirchner, Inc., is a medium-sizemanufacturer of products for the leisure-time activities market (camping equipment,scuba gear, bows and arrows, and so forth). During the past year, a computer system wasinstalled and inventory records of finished goods and parts were converted to computerprocessing. The inventory master file is maintained on a disk. Each record of the filecontains the following information:• Item or part number • Total value of inventory on hand at cost• Description • Date of last sale or usage• Size • Quantity used or sold this year• Unit-of-measure code • Economic order quantity• Quantity on hand • Code number of major vendor• Cost per unit • Code number of secondary vendorIn preparation for year-end inventory, the client has two identical sets of preprintedinventory count cards. One set is for the client’s inventory counts, and the other is for theCPA’s use to make audit test counts. The following information is on each card:• Item or…arrow_forwardAnna Marie Corporation is developing a revised business continuity plan and disaster recovery plan for its headquarters facility and network of 16 branch offices. The said plans have not been updated in more than eight (8) years, during which time the organization has grown by over 300%. At the headquarters facility, there are approximately 750 employees. These individuals connect over a local area network (LAN) to an array of more than 60 applications, databases, and file print servers in the corporate data center and over a frame relay network to the branch offices. Traveling users access corporate systems remotely by connecting over the internet using a virtual private network (VPN). Users at both the headquarters and branch offices access the internet through a firewall and proxy server located in the data center. Critical applications have a recovery time objective (RTO) of between three (3) and five (5) days.Branch offices are located between 30 and 50 miles from one another,…arrow_forwardThe Sunny Dale Bank monitors the time required to serve customers at the drive-through window becauseit is an important quality factor in competing with other banks in the city. After analyzing the data gathered inan extensive study of the window operation, bank management determined that the mean time to processa customer at the peak demand period is 5 minutes, with a standard deviation of 1.5 minutes. Managementwants to monitor the mean time to process a customer by periodically using a sample size of six customers. Assume that the process variability is in statistical control. Design an x-chart that has a type I error of5 percent. That is, set the control limits so that there is a 2.5 percent chance a sample result will fall below theLCL and a 2.5 percent chance that a sample result will fall above the UCL. After several weeks of sampling,two successive samples came in at 3.70 and 3.68 minutes, respectively. Is the customer service process instatistical control?arrow_forward
- Ethics in Action In August, Lannister Company introduced a new performance measurement system in manufacturing operations. One of the new performance measures is lead time, which is determined by tagging a random sample of items with a log sheet throughout the month. The log sheets recorded the time that the sample items started production and the time that they ended production, as well as all steps in between. At the end of the month, the controller collected the log sheets and computed the average lead time of the tagged products. This number was reported to central management and was used to evaluate the performance of the plant manager. Because of the poor lead time results reported for August, the plant was under extreme pressure to reduce lead time in September. The following memo was intercepted by the controller. Date: September 3 To: Hourly Employees From: Plant Manager During last month, you may have noticed that some of the products were tagged with a log sheet. This sheet records the time that a product enters production and the time that it leaves production. The difference between these two times is termed the lead time. Our plant is evaluated on improving lead time. From now on, I ask all of you to keep an eye out for the tagged items. When you see a tagged item, it is to receive special attention. Work on that item first, and then immediately move it to the next operation. Under no circumstances should tagged items wait on any other work that you have. Naturally, report accurate information. I insist that you record the correct times on the log sheet as the product goes through your operations. How should the controller respond to this discovery?arrow_forwardThese problems illustrate the application of Little’s Law. 1. Suppose that a voting facility processes an average of 57 people per hour (throughput) and that, on average, it takes 35 minutes for each person to complete the voting process (flow time). 2. Suppose that the loan department of a bank takes an average of 15 days (0.5 months) to process an application (flowtime) and that an internal audit found that about 100 applications are in various stages of processing at any one time (work-in-process). 3. Suppose that a restaurant makes 350 pizzas per week, each of which uses 1/2 pound of dough, and that it typically maintains an inventory of 60 pounds of dough. Open the spreadsheet and perform the required analysis to answer the questions below. 1. What is the work-in-process for the problem 1? Round your answer to two decimal places. ______ voters 2. What is the throughput (per month) for the problem 2? Round your answer to the nearest whole value. ____________ applications per…arrow_forward1. Your operations team has advised that on average for Inbound, there are 12 palletized 20ft containers and 9 palletized 40ft containers received weekly (Standard 48”x40” pallets). It takes 1.7 hrs to unload 20ft containers and 2.3 Hrs to unload 40ft containers with 1.8 FTE and a forklift truck each time. Due to outbound operations required to function in the afternoon, there are only 6 hours allowed to complete inbound operations. a. Since the lease is expiring, the team needs to source a new warehouse. Based on the inbound activity above, how many loading docks would the site require? b. How many personnel and forklifts are required for the inbound operations daily?arrow_forward
- Foto-Fast Copy Shop provides a variety of photocopying and printing services. On June 5, the owner invested in some computer-aided photography equipment that enables customers to reproduce a picture or illustration, input it digitally into the computer, enter text into the computer, and then print out a four-color professional quality brochure. Prior to the purchase of this equipment, Foto-Fast Copy Shop’s overhead averaged $37,500 per year. After the installation of the new equipment, the total overhead increased to $90,000 per year. Foto-Fast Copy Shop has always costed jobs on the basis of actual materials and labor plus overhead assigned using apredetermined overhead rate based on direct labor hours. Budgeted direct labor hours for theyear are 7,500, and the wage rate is $8 per hour.Required:1. What was the predetermined overhead rate prior to the purchase of the new equipment?2. What was the predetermined overhead rate after the new equipment was purchased?3. Suppose Rick Anselm…arrow_forwardDue to the coronavirus pandemic, ShakeHands Company announced a decision to close a factory located in Sampaloc and terminate all 200 employees as a result of the decline in product demand due to the lockdown. The entity shall pay P40,000 per employee upon termination. However, to ensure that the windup of the factory occurs smoothly and all remaining customer orders are completed, the entity needs to retain at least 20% of employees until closure of the factory in six months. As a result, the entity announced that employees who agree to stay until the closing of the factory shall receive P75,000 payment at the end of the six months in addition to receiving their current wage through the period of closure on top of the P40,000. Based on this offer, the entity expected to retain 50 employees until the factory is closed. Compute the amount attributable to termination benefit. Compute the amount attributable to short-term benefit.arrow_forwardYou are an audit supervisor assigned to a new client which is listed on a Stock Exchange. You visited the corporate headquarters to become acquainted with key personnel and to conduct a preliminary review of the company’s accounting policies, controls, and systems. During this visit, (j) The enhanced network firewall project appeared to be on a very aggressive implementation schedule. The IT manager mentioned that even if he put all of his personnel on the project for the next five weeks, he still would not complete the project in time. The manager has mentioned this to company management, which seems unwilling to modify the schedule. Identify the problems and explain them in relation to the internal environment.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningManagerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubFinancial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,
- EBK CONTEMPORARY FINANCIAL MANAGEMENTFinanceISBN:9781337514835Author:MOYERPublisher:CENGAGE LEARNING - CONSIGNMENTAuditing: A Risk Based-Approach to Conducting a Q...AccountingISBN:9781305080577Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:South-Western College PubEssentials of Business Analytics (MindTap Course ...StatisticsISBN:9781305627734Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. AndersonPublisher:Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning
Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:Cengage Learning,
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:9781337514835
Author:MOYER
Publisher:CENGAGE LEARNING - CONSIGNMENT
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning
ACCOUNTING BASICS: Debits and Credits Explained; Author: Accounting Stuff;https://www.youtube.com/watch?v=VhwZ9t2b3Zk;License: Standard Youtube License