Briefly describe GUI
What will be an ideal response?
Any kind of communication, including that between the user and the application, is based on a language, and any language consists of symbols and syntax, or the rules for organizing symbols. The sender and the receiver of a message must agree both on the meaning of symbols and how they are organized.
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The use of the effective interest method to amortize a discount associated with the acquisition of an investment in bonds results in
A) the recognition of more interest income over the life of the investment than would result from the use of the straight-line method. B) the recognition of a constant amount of interest income each period. C) the recognition of less interest income over the life of the investment than would result from the use of the straight-line method. D) the recognition of a varying amount of interest income each period.
Legacy systems are
a. old manual systems that are still in place. b. flat file mainframe systems developed before client-server computing became standard. c. stable database systems after debugging. d. advanced systems without a data warehouse.
Equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is
A) $11,636 B) $16,000 C) $11,000 D) $8,000
Paragon Products sells a special type of navigation equipment for $1,400
Variable costs are $800 per unit. When a special order arrived from a foreign contractor to buy 44 units at a reduced sales price of $1,000 per unit, there was a discussion among the managers. The controller said that as long as the special price was greater than the variable costs, the sale would contribute to the company's profits and should be accepted as offered. The vice president, however, decided to decline the order. Which of the following statements supports the decision of the vice president? A) The order is not likely to affect the regular sales. B) The company is operating at 70% of its production capacity. C) The variable costs of $800 includes variable costs of packing the product. D) The company will need to hire additional staff to execute this order.