Which of the following is an external source of data for a database?
a. company records
b. information supplied by employees
c. last year’s sales reports
d. suppliers’ forecasts
e. company reports
d. suppliers’ forecasts
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The tax expense for the financial statements often agrees with the taxes payable
Indicate whether the statement is true or false
An enterprise resource planning (ERP) is a ________.
A) hardware system that controls the access of employees to different levels of production in a firm B) software system used by small companies to record revenue and expenses C) hardware system of electronic linkages that allows different computers to share the same information D) software system that can integrate all of a company's functions, departments, and data into a single system
Transaction frequency refers to _______.
a. The rate at which funds are transferred after completion of a contract b. The number of people employed to negotiate a contract c. The number of products being transferred within a single contract d. None of the above
Division X makes a part with the following characteristics: Production capacity 25,000unitsSelling price to outside customers$18 Variable cost per unit$11 Fixed costs, total$100,000 Division Y of the same company would like to purchase 10,000 units each period from Division X. Division Y now purchases the part from an outside supplier at a price of $17 each. Suppose Division X has ample excess capacity to handle all of Division Y's needs without any increase in fixed costs and without cutting into sales to outside customers. If Division X refuses to accept the $17 price internally and Division Y continues to buy from the outside supplier, the company as a whole will be:
A. worse off by $20,000 each period. B. worse off by $70,000 each period. C. worse off by $60,000 each period. D. better off by $60,000 each period. E. better off by $10,000 each period.