Give several reasons why a firm might want to use an enterprise application integration (EAI) rather than enterprise resource planning (ERP) system
What will be an ideal response?
The major benefit of EAI is that it enables organizations to use existing applications while alleviating many of the problems of information silos. Converting to an EAI system is not nearly as disruptive as converting to an ERP system, it can be less expensive, and it provides many of the benefits of ERP.
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Under the accrual basis of accounting, revenue is recorded when it is received in cash and expenses are recorded when they are incurred
Indicate whether the statement is true or false
Exhibit 11-05Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1.
MACRS Depreciation as a Percentage of the Cost of the AssetYear of Life3 5 7 10 1 33.33% 20.00% 14.29% 10.00% 2 44.45% 32.00% 24.29% 18.00% 3 14.81% 19.20% 17.49% 14.40% 4 7.41% 11.52% 12.49% 11.52% 5 11.52% 8.93% 9.22% 6 5.76% 8.92% 7.37% 7 8.93% 6.55% 8 4.46% 6.55% 9 6.56% 10 6.55% 11 3.28% ? Cost$ 105,000 Estimated Economic Life7 Estimated residual value$ 15,000 Depreciation for Financial Statementsstraight-line MACRS life5 MACRS Method200%-declining-balance ? ? Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 5? A. $6,048 B. $15,000 C. $12,096 D. $0
The payee has no rights in an instrument until the drawer or the maker has delivered it to the payee
Indicate whether the statement is true or false
Discuss the four channels that signal high/low expectations.
What will be an ideal response?