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Bonadio Ekectrical Supplies distributes electrical components to the construction idustry. The company began as a local suookier 15 yrs ago and has rwon rapidly to become a major competitor in the north central US. As the business grew and the variety of components to be stocked expanded, Bonadio aquired a compauter and implemetned an inventory control system. Other applications such as accounts receivable, accounts payable and payroll and sales analysis were gradually computerized as each function expanded. Because if its operational importance, the inventory system has been upgraded to an online syste, while all other applications are operating in bach mode. Over the years, the company has developed or acquired more than 100 applications porgrams and maintains hundreds of files. Bonadio faces stiff competitiors from local suppliers throughout its marketing area. At a managment meeting the sales manager complained about the difficulty in obtaining immediate currnet information to respond to customer inquiries. Other maangers stated that they also had difficulty obtaining timely data from teh system. As a result the controller engaged a consulting firm to explore the situation. The consultant recommended installing a database mangerment system and the company complied empliying Jack Gibbons as the database adminstrator. At a recent mangement meeting Gibbons presented an overview of the BBMS. Gibbons explained that the database approch asssumes an orgranziational data oriented viewpoint assigned to applications, information is more appropariately used and managed for the entire organization. The operating system physically moves data to and from disk storage, while the DBM is the software prgram that controls the data definition library that programs and query software and teh taks of the application programmers and user are simplied. Under dtabase approach the data avalabke to all users within security guidelines
a. Explain the basic difference between a file oriented system and a database system.
b. Descrobe at least 3 advantages and at least 3 disadvantages of the database system.
c. Describe the duties and responsibilties of Jack Gibbons the database administrator.
If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?
The Talley Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,000, (3) dividends paid of $25,000, and (4) income taxes. What are the firm..
The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital.
The material price variance was 1370 favorable and find the standard price per kilogram for raw material?
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Ohio Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2012, when the tax rate was 40%. Income tax expense reported by Ohio on its year end December 31, 2013 income statement is:
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Accounts receivable arising from sales to customers amounted to $40,000 and $35,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000. Exclusive of the effect of other adjustments, t..
Colgate-Palmolive Company has just paid an annual dividend of $0.96. Analysts are predicting an 11% per year growth rate in earnings over the next five years.
Pumpkin Bags (PB) is a desiger of high quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse.
In order to make the appropriate decision, the manager computed the annual interest rate associated with the sales discount. This annual rate is approximately ??
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