Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Question
Chapter 12, Problem 1DQ2
Program Plan Intro
- An information system is a system which provides the necessary information to an organization to achieve the goals.
- It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to customers.
- The main components in the information system are people, data, procedures, hardware, as well as software.
- The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.
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Damon Davis was putting the finishing touches on the paperwork for Drano Plumbing. He estimated that the net profit would be $50,000. When he tallied the columns on the Balance Sheet, he saw that the debit column equaled $400,000 and the credit column totaled $300,000. What was the most likely reason for the discrepancy in results? If this was not the root of the problem, what should he do to identify the source of the problem?
Damon Davis was doing the paperwork for Drano Plumbing. He estimated a net profit of $50,000. He discovered that the debit column on the balance sheet totaled $400,000 and the credit column, $300,000, when he added up the columns. What was the difference in the results' most likely cause? What should he do if this wasn't the root of the problem? How can he find out where it came from?
As of the time of writing, Damon Davis was completing out the paperwork for Drano Plumbing. He estimated a $50,000 net profit would be made. He counted the columns of the balance sheet and knew how much was in the credit column ($300,000) and how much was in the negative column ($400,000). What, in your opinion, was the most plausible reason for the discrepancy in the results? What should he do next to identify the issue's cause if this wasn't the cause of the issue?
Chapter 12 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 12.5 - Prob. 1DQCh. 12.5 - Prob. 2DQCh. 12.5 - Prob. 1CTQCh. 12.5 - Prob. 2CTQCh. 12.8 - Prob. 1DQCh. 12.8 - Prob. 2DQCh. 12.8 - Prob. 1CTQCh. 12.8 - Prob. 2CTQCh. 12 - Prob. 1SATCh. 12 - Prob. 2SAT
Ch. 12 - Prob. 3SATCh. 12 - The ______ is a key member and the leader of the...Ch. 12 - Prob. 5SATCh. 12 - Prob. 6SATCh. 12 - Prob. 7SATCh. 12 - Prob. 8SATCh. 12 - Prob. 9SATCh. 12 - Prob. 10SATCh. 12 - Feasibility analysis is typically done during...Ch. 12 - Data modeling is most often accomplished through...Ch. 12 - Prob. 13SATCh. 12 - Prob. 14SATCh. 12 - Any potential change in system requirements that...Ch. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQCh. 12 - Prob. 11RQCh. 12 - Prob. 12RQCh. 12 - Prob. 13RQCh. 12 - Prob. 14RQCh. 12 - Prob. 15RQCh. 12 - Prob. 16RQCh. 12 - Prob. 1DQCh. 12 - Prob. 3DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 10DQCh. 12 - Prob. 11DQCh. 12 - Prob. 1DQ1Ch. 12 - Prob. 2DQ1Ch. 12 - Prob. 1CTQ1Ch. 12 - Prob. 2CTQ1Ch. 12 - Prob. 1DQ2Ch. 12 - Prob. 2DQ2Ch. 12 - Prob. 1CTQ2Ch. 12 - Prob. 2CTQ2Ch. 12 - Prob. 1DQ3Ch. 12 - Prob. 2DQ3Ch. 12 - Prob. 1CTQ3Ch. 12 - Prob. 2CTQ3
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