Etc. Flashcards
Hash total
meaningless sum which normally has no other use than to prove the completeness with which a batch has been processed.
When calc cost of capital the cost assigned to RE should be…
lower than the external common equity
Distributed processing environment
Useful when processing is done in mulitple locations. it enables processing of a large volume of transactions and fast access to data.
What does automated equipment controls in a computer processing system designed to detect errors arising from?
designed to detect, report, or prevent, operational errors within the computer processing equipment.
What do you have to assume when using the economic order quantity formula?
periodic demand - unknown
What is a call provision?
allows the corp to call the bond even if the bondholder does not want to dispose of the investment
What is a derivative?
a financial contract that derives its value from the performance of an asset, index, or interest rate
Computer integrated manufacturing projects
reduces the costs of spoilage, reworked units, and scrap
What is the high low formula?
Cost at high point - cost at low point / high activity point - low activity point = variable rate
Product cost formula
Direct material + direct labor + applied overhead
What are capital budgets a budget for?
a budget of future expenditures for buildings and equipment
What kind of control would detect an error in a keyed amount? $12 instead of $122
batch control total
How do you calc the real value (when something was inflated)
repaid amount / 1 + inflation rate
Validity check
determines whether a character is a legitimate item of the given character set.
What type of hedging allows an american to lock in the price in dollars to pay a british supplier in pounds in 3 months?
buying british pounds call options. call options allow the importer to lock in the price of british pounds at the current exchange rate
