Sometimes a trade-off must be made between information accuracy and timeliness. Give an example in which it is imperative to make an estimate now, rather than wait a couple of weeks for an exact number.

Q: What type of internal control would recalculating the totals on a computer report be?

A: Step 1:   The rules and procedures implemented by a company to ensure the integrity of the…

Q: What is the bottleneck cycle time (seconds/job)?  Answer as a whole number.

A: Bottleneck cycle time is the longest time taken to complete the prices

Q: What is data inconsistency? occurs when a system produces correct and consistent data the practice…

A: Solution- Data inconsistency is a situation where there are multiple tables within a database that…

Q: Who conducts the postimplementation review? When should it be conducted? If an outside consulting…

A: Post-Implementation Review:   When a project is completed, then the process of post-implementation…

Q: Calculate planning materially in a dollar ($) amount. You must include a breakdown of your…

A: Control risk seems to be the possibility of a major misrepresentation in a firm's financial…

Q: Explain briefly what the EOQ model is andhow it can be used to help establish an optimalinventory…

A: Economic Order Quantity (EOQ) Model It is a method of inventory costing that aims to identify the…

Q: When a new system is being considered, one of the questions is whether or not to survey the current…

A: Survey refers to gathering the information on any considered subject. Survey could be done using…

Q: Which one of the following techniques would most likely be used to analyze reductions in the time…

A: Learning curve is a graphical representation that reports the relationship between cost and the…

Q: Give one example of an error that a check digit control detects.

A:

Q: When an optimistic approach to concurrency control is applied, it is common for transactions to take…

A: Introduction:- Concurrency control guarantees that accurate results are provided for concurrent…

Q: Click the icon to see the Worked Solution. The required return for investment A is %. (Round to one…

A: Capital Asset Pricing Model (CAPM): This model attempts to explain the relationship between the…

Q: How has the advent of the electronic spreadsheet affected the use of sensitivity analysis?

A: Sensitivity analysis:

Q: What factors influences the decision to employ real time data collection with batch updating rather…

A: Batch Processing through Real Time Data collection system:Real time processing process the…

Q: Give 5 examples of data and how this data can be converted into useful information.

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: For each of the following file processing operations, indicate whether a sequential file, indexed…

A: Access Method: Access method is the method by which data stored in the database can be located or…

Q: has hired you to review its sales order procedures for internal control compliance and to make…

A: Hey there since you have posted multiple questions, we can answer only first three questions for…

Q: When is a New AIS is needed?

A: AIS is accounting information system is a whole information system which provides information about…

Q: Which of the following statements is correct with respect to a Gantt chart?a. The x-axis of a Gantt…

A: The Gantt chart graph is similar to the bar graph which is used by the management in their decision…

Q: After all the ledgers had been drawn up, the following differences and errors were identified.…

A: Debtor Control account is a ledger account that analyses the amount owed to your company. The…

Q: What factor influences the decision to employ real-time data collection with batch updating rather…

A: Definition: Transaction process system: The transaction process system can be defined as a system…

Q: For each of the following file processing operations, indicate whether a sequential file, indexed…

A: Definition: Access Method: Access method is the method by which data stored in the database can be…

Q: Required: a. Identify two unusual trends/relationships, and explain what each could indicate. b. For…

A: Accounts receivables:Accounts receivables refers to current asset that record the amount of credit…

Q: (7) ( ) When the auditor want to know the change of cost-allocated method of several products, which…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Use the following information to answer the question.    Based on above data, determine the…

A: Given information : Outcome  Probability  Return Recession  20% -20% Expansion 25% 15% Boom…

Q: 17. In event study, why do we leave a gap between the estimation window and the event window?…

A: A analysis of an incident is a mathematical approach to measure the effect of an event on a…

Q: Here's the second part of the milestone if you could verify these numbers to being accurate?

A: Following Corrections are Required: 1. Break Even Units for Collars = $4028/$14.90 = 271 units 2.…

Q: Which of the following is not a benefit of using sensitivity analysis? A. More people can see the…

A: Sensitivity analysis defines how different terms and values(input), affect a particular dependent…

Q: What is the primary motive for using the approaches Time Study Standard Data and Predetermined Time…

A: Direct labor is regarded as the employers who are engaged in the production of goods or services in…

Q: Which of the following is a disadvantage of distributed data processing? a. End-user involvement in…

A: Distributed data processing is a method of computer networking. In this method, several computers in…

Q: Explain how and why changes in estimates are reported prospectively.

A: Accounting exchanges are those exchanges that legitimately influence the financial statements of a…

Q: POS stands for Point of Sale. List the benefits they have over traditional data collecting methods.

A: Ans. Point of Sale is the place where actual sale and purchase takes place. Payment is made at this…

Q: During implementation, if the system is behind schedule and if each program module is tested and no…

A: Module: A module can be defined as the component of a program. A program comprises of one or more…

Q: Can someone set up an excel sheet using the following data and show me the formula side, so I know…

A: Net Present value is sum of present value of cash flows. Present value of cash flow = Cash…

Q: Data in a data warehouse are in a stable state. Explain how this can hamper data mining analysis.…

A:

Q: If the system is behind schedule and if each program module is tested and no problems are found, is…

A: When every module is tested severally then they need to be tested along as a full. This is often…

Q: Evaluate alternative methods of sampling used in the process of gathering data to support desicion…

A: An organization like apple where the size is large and it is not possible to evaluate each and…

Q: What is an aging schedule? What can be learned from it? Does ithave any deficiencies when used to…

A: An aging schedule could be a summarized presentation of assets into separate time brackets that rank…

Q: Is a POS system that uses bar coding and a laser light scanner foolproof against inaccurate updates?…

A: POS System: Point of sale system is implemented in retail sectors where sale transaction takes…

Q: Review your notes and compile a list of confidence interval formulas we have learned so far and…

A: Confidence intervals are crucial metrics for statistical inference. Statisticians use a confidence…

Q: Substantive analytical procedures are more suitable to of transactions tending to be predictable…

A: As Per AS 2305: Substantive analytical procedures   " Analytical procedures are used as a…

Q: Which chart, a PERT or a Gantt, shows the project status at a glance for a given point in time?…

A:

Q: why we still need forensic accounting?

A: Introduction:   Forensic accounting is the support of finance professionals in resolving business…

Q: Matching Type: Choose appropriate controls with the given possible frauds and errors. - You can…

A: Possible Errors and Fraud Controls Details 1 C Monthly statements are mailed to all customers with…

Q: Consider the following four statements about value at risk (VaR): The choice of VaR confidence…

A: It leads to the problem with the usage of VaR in the practice. The uniformity of practice is not…