What is a decision support system?
What will be an ideal response?
Answer: A decision support system (DSS) is an interactive computer-based system that creates virtual business models and tests them with different data to see how they respond. This type of system is particularly useful for managers who face a particular kind of decision repeatedly since it is designed to challenge managers and provide helpful recommendations.
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Journal entries are required if the bank reconciliation includes outstanding checks
Indicate whether the statement is true or false
Excellent, Inc sells accounting textbooks
The following information summarizes Excellent's operating activities for the year: Merchandise Inventory, January 1 $10,000 Merchandise Inventory, December 31 7,000 Purchases 95,000 Selling and Administrative Expenses 65,000 Sales Revenue 180,000 Required: Prepare Excellent, Inc's income statement for the year ended December 31. What will be an ideal response