Entries by Grace Wahito

What are some of the advantages and disadvantages of the four most common methods

February 12, 2020 in /by

What are some of the advantages and disadvantages of the four most common methods for gathering information for a systems survey? Which one(s) of them makes the most sense for food industry and why Without extensive planning on SDLC, companies tend to either over or under-spend. What could be the dangers of either extreme? What is […]

 

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It is possible that after months of work and evaluation of a new AIS the decision is made to outsource

February 12, 2020 in /by

It is possible that after months of work and evaluation of a new AIS the decision is made to outsource the function. What are the advantages and disadvantages to outsourcing? Isn’t this analysis something performed by Accountants? Discuss the importance of a systems team compromised of multiple disciplines. What is involved in the systems survey? Do […]

 

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Nigel elects to treat the cutting of timber as a sale or exchange under § 1231.

February 12, 2020 in /by

Nigel elects to treat the cutting of timber as a sale or exchange under § 1231. Nigel purchased the land for $120,000 and the timber for $210,000 several years ago. On the first day of 2012, the timber was appraised at $230,000, and in September 2012, it was cut and sold for $238,750. What is […]

 

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Please check my answer! 1. (TCO 3) At the end of the period it is necessary

February 12, 2020 in /by

Please check my answer!1. (TCO 3) At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (15 points) and (2) provide an example of the closing of an expense account, Salary Expense in the form of a journal entry. (10 points) (Points : 25) My answer: […]

 

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