Identify four problems with system

Assignment Help Financial Accounting
Reference no: EM13136573

Stevenson Apparel is a manufacturer of fashion clothing that has just opened its first large retail store for selling in-season clothes at regular prices. The company's competitive strategy depends on a comprehensive point-of-sale (POS) system supporting online,up-to-tht-minute sales totals, day-to-day tracking of stock information, and quick checkout of customer purchases. Because cashiers were already familiar with electronic cash registers, management decided that only minimal training was required. Cashiers enter four-digit stock tracking numbers (STNs) into one of the POS terminals that retrieves price and description data , computes the tax and total amount due, accepts the type of payment, and controls the cash drawer. A unique STN identifies each of the 9,500 pieces of merchandise. The central computer server maintains stock information.

In the first month of operation, new cashiers were awkward using the new system. They eventually became proficient users but were frustrated with the slow printing of sales tickets and the unpredictable action of their cash drawers. Each checkout stand has a telephone that cashiers use to call for appoval of credit-card transactions. Customers become impatient when creit approvals delayed the checkout process or when the computer was down, thus stopping all sales, including cash sales. Identify four problems with the system and how you would remedy each of them.

Reference no: EM13136573

Questions Cloud

Calculate the total kinetic energy of the gaseous mixture : A 100.-L flask contains a mixture of methane (CH4) and argon at 25C. The mass of argon present is 228 g and the mole fraction of methane in the mixture is 0.650.
Citizen policy choices and agenda setting : How does cultural change influence citizen policy choices and agenda setting? Provide two examples to explain the influence of cultural change.
Ppropriate journal entry to record purchases of shares : Prepare the appropriate journal entry to record the June purchases of shares under the employee share purchase plan.
What is the final temperature of the water : Twenty grams of liquid mercury at 98.0 °C is placed in 47.0 g of water initially at 25.0 °C. What is the final temperature of the water, assuming the styrofoam calorimeter absorbs no heat at all?
Identify four problems with system : Customers become impatient when creit approvals delayed the checkout process or when the computer was down, thus stopping all sales, including cash sales. Identify four problems with system and how you would remedy each of them.
Find the average unloading time : Flights arriving at the airport spend anywhere from 50 to 130 minutes in security before unloading passengers. If the unloading times follow the uniform probability distribution, find the average unloading time.
Reasons for policy termination : What are some of the reasons for policy termination? What are some of the roadblocks to policy termination? How might these roadblocks be minimized?
Calculate the market value of massey-ferguson equity : Assuming the market value of Massey-Ferguson's debt equals 70 percent of book value, calculate the market value of the company on October 31, 1980. (The market value of debt is well below the $2.5 billion book value due to the prospect of bankrupt..
How many double bonds are present : How many double bonds are present in the "best" resonance structure of the phosphate ion?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate at what amount is the investment in securities

Illustrate at what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2013? What is the total net income reported in 2013 under each of these methods?

  Calculate its expected cost savings for the coming year

If Heartland can increase inventory turnover from its present level of 9 times a year to a level of 12 times per year, compute its expected cost savings for the coming year.

  Prepare the essential journal entries

Prepare the essential journal entries                              What is the Dollar Value of Cost of Goods Sold at January 31? What is the Dollar Value of Ending Inventory at January 31?

  Explain how much higher is the manager bonus

The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. Explain how much higher is the manager's bonus if FIFO is adopted instead of LIFO?

  Accountant for ps group ltd

You are working as an accountant for PS Group Ltd. Your directors have asked you to prepare the necessary consolidation journal entries (20 marks) and a report (20 marks) answering the following question about consolidation procedures.

  Explain how the double-declining-balance method is computed

Explain how the double-declining-balance method is computed. Provide an example of how this method could be used on the new delivery truck purchased for $300,000 to be used for 4 years with a salvage value of $5,000 for year one only.

  Implement better internal controls

Weakness in internal controls and measures to implement better internal controls.

  Evaluate return on common stockholders'' equity

Evaluate return on common stockholders' equity - Based on the preceding information, calculate return on common stockholders' equity.

  Purpose the journal entries that rod corporation

Purpose the journal entries that Rod Corporation recorded during 20X4 related to its investment in Stafford Corporation, considering Rod uses the equity method in accounting for its investment.

  Calculation of share of profits to partners

Calculation of share of profits to partners - What will the profit and loss sharing ratios be after Delta's investment and determine if the subsidiary is operating in a highly inflationary economy

  Elucidate the amount of goodwill or other intangible assets

Based on Nike Inc's acquisition of Converse (shoe company): elucidate the amount of goodwill or other intangible assets derived from the transaction and explain whether or not you support that this value was created as a result of the business co..

  Record the journal entries-transaction using the net method

Record the journal entries related to this transaction using the net method of recording purchases and Which method do you prefer? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd