What is the fundamental problem of information silos? How can this problem be remedied?
What will be an ideal response?
The fundamental problem of information silos is that data are duplicated in isolated systems. The most obvious fix is to integrate the data into a single database and revise applications (and business processes) to use that database. Another remedy is to allow the isolation, but to manage it to avoid problems.
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Madison Company earned net income of $75,000 during the year ended December 31, 2016
On December 20, Madison declared the annual cash dividend on its 8% preferred stock (par value, $150,000 ) and a $0.50 per share cash dividend on its common stock (45,000 shares). Madison then paid the dividends on January 10, 2017. Prepare the journal entries to record the declaration and the distribution of the dividends. Explanations are not required. What will be an ideal response
If a real estate licensee fails to disclose certain property defects to the buyer, the buyer has how long to file a civil suit in court toward the agent?
a. 2 years b. 3 years c. 4 years d. 5 years