BEC 1 Flashcards
distributed data processing system is useful when processing is done in multiple locations. It enables processing of a large volume of transactions and fast access to data.
distributed data processing system is useful when processing is done in multiple locations. It enables processing of a large volume of transactions and fast access to data.
Regression analysis determines the functional relationship between variables and provides a measure of probable error. Multiple regression analysis involves the use of two or more independent variables (such as the number of shipments and the weight of materials handled) to predict one dependent variable (inventory warehouse costs).
Regression analysis determines the functional relationship between variables and provides a measure of probable error. Multiple regression analysis involves the use of two or more independent variables (such as the number of shipments and the weight of materials handled) to predict one dependent variable (inventory warehouse costs).
A revolving credit agreement is a formal legal commitment, usually by a bank, to extend credit up to some maximum amount to a borrower over a stated period.
A revolving credit agreement is a formal legal commitment, usually by a bank, to extend credit up to some maximum amount to a borrower over a stated period.
The geometric average depicts the compound annual return earned by the investor. This method is preferred for evaluating long-term investments.
The geometric average depicts the compound annual return earned by the investor. This method is preferred for evaluating long-term investments.
Closed-loop verification helps ensure that a valid and correct customer account has been entered; after the code is entered, this system looks up and displays additional information about the selected code. For example, the operator enters a customer code, and the system displays the customer’s name and address.
Closed-loop verification helps ensure that a valid and correct customer account has been entered; after the code is entered, this system looks up and displays additional information about the selected code. For example, the operator enters a customer code, and the system displays the customer’s name and address.
NRV is the predicted selling price in the ordinary course of business less reasonably predictable costs of completion and disposal. The joint cost of $54,000 is reduced by the NRV of the by-product ($4,000) to get the allocable joint cost ($50,000).
NRV is the predicted selling price in the ordinary course of business less reasonably predictable costs of completion and disposal. The joint cost of $54,000 is reduced by the NRV of the by-product ($4,000) to get the allocable joint cost ($50,000).
Commercial paper is issued by the corporation.
Commercial paper is issued by the corporation.
Control activities encompass policies and procedures that ensure that management’s directives are carried out.
Control activities encompass policies and procedures that ensure that management’s directives are carried out.
The accounting rate of return is calculated as:
ARR = Annual incremental accounting income/initial (or average) investment
The accounting rate of return is calculated as:
ARR = Annual incremental accounting income/initial (or average) investment
Residual income is equal to division income minus the required rate of return. Therefore residual income is equal to $240 [$400 income − ($1,600 total assets × 10% required return)]
Residual income is equal to division income minus the required rate of return. Therefore residual income is equal to $240 [$400 income − ($1,600 total assets × 10% required return)]
Free cash flow equals NOPAT plus depreciation minus the change in working capital minus capital expenditures.
Free cash flow equals NOPAT plus depreciation minus the change in working capital minus capital expenditures.
Inventory Turnover = COGS/Average Inventory
Inventory Turnover = COGS/Average Inventory
Since the percentage change in supply (8%) was greater than the percentage change in price (4%), supply is elastic.
Since the percentage change in supply (8%) was greater than the percentage change in price (4%), supply is elastic.
Economic value added is equal to net operating profit after taxes minus the cost of the capital invested.
Economic value added is equal to net operating profit after taxes minus the cost of the capital invested.
Risk assessment is, “…the process of identifying, analyzing, and managing the risks involved in achieving the organization’s objectives.”
Risk assessment is, “…the process of identifying, analyzing, and managing the risks involved in achieving the organization’s objectives.”
