Explain the management and use of information systems
What will be an ideal response?
Information systems must be developed, maintained and, because business is dynamic, they must be adapted to new requirements. To create an information system that meets specific needs, one will have to take an active role in that system's development. In addition to management tasks, he or she will also have important roles to play in the use of information systems. For example, when using an information system, there will be responsibilities for protecting the security of the system and its data. One may also have tasks for backing up data.
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Flannery Company, a manufacturer of small appliances, had the following activities, allocated costs, and allocation bases
Activities Allocated Costs Allocation Base Account inquiry (hours) $79,000 2,700 hours Account billing (lines) $45,000 16,000 lines Account verification (accounts) $16,000 20,000 accounts Correspondence (letters) $12,000 1,000 letters The above activities are carried out at two of its regional offices. Activities Northeast Office Midwest Office Account inquiry (hours) 180 hours 200 hours Account billing (lines) 10,000 lines 9,000 lines Account verification (accounts) 1,600 accounts 650 accounts Correspondence (letters) 60 letters 150 letters What is the cost per letter for the correspondence activity? (Round your answer to the nearest cent.) A) $12.00 B) $45.00 C) $4.44 D) $0.80
Under the accrual method, the fair market value of a receivable is irrelevant.
a. true b. false