between a file processing system and a database system ANS: Some main differences between a database management system and a file processing system are: * Both systems contain a collection of data and a set of programs which access that data. A DBMS coordinates both the physical and the logical access to the data‚ whereas a file-processing system coordinates only the physical access. * A DBMS reduces the amount of data duplication by ensuring that a physical piece of data is available to all programs
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Threat of Substitute Products and Services-Low A new product in the market may satisfy the needs and wants of a common client in several ways (Porter‚ 2008). This threatens the profitability of the industry. For example‚ software storage applications may act as substitutes for hardware storage devices. If the substitute product presents a value proposal‚ which is distinctively dissimilar to‚ the current offers in the industry‚ the threat of the substitute is said to be high. It is however said to
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CHAPTRE ONE: ACCOUNTING THEORY Need for accounting ( as an introduction) 1-1Book keeping and accounting. Meaning and definition of book keeping Definition of accounting Differences between book keeping and accounting 1-2 accounting concepts and conventions and basis Accounting concepts Accounting conventions Basis of accounting 1-3the role of accountant in society and its relation ship with other disciplines relationship of accounting with other disciplines role of accountant in society
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6-B3 Dropping a Product Line Hambley’s Toy Store is on Regent Street in London. It has a magic department near the main door. Suppose that management is considering dropping the magic department‚ which has consistently shown an operating loss. The predicted income statements‚ in thousands of pounds (£)‚ follow (for ease of analysis‚ only three product lines are shown): General Electronic Magic Total Merchandise Products Department Sales £6‚000 £5‚000 £400 £ 600 Variable expenses 4‚090 3‚500
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The purpose of this report is discussing the case of Wilkerson Company that confronting tough competition in price cutting in pumps which caused to a big drop of pre-tax operating income from 10% to 3%. After observing the existing costing allocation‚ we found out there is an issue on the existing costing report that the manager could not be able to see the real situation. In light of this‚ there will be brought to the discussion on the feasibility of using an alternative costing method – Activity
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Office Product was a regional distributor of office supplies to institutions and commercial businesses. The company offered a comprehensive product line like simple writing implements and fasteners to specialty paper for modern high-speed copiers and printers. Warehouse personnel in the company’s distribution center unloaded truckload shipments from manufactures‚ and moved the cartons into designated storage location until customers request the items. Typically‚ the company shipped products to its
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[pic] Management Accounting Submitted to: Dr. James Tong MBA 507: Management Accounting Submitted by: Rajvinder Brar Student Id-0910183 Definition – Historical cost In accounting‚ historical cost is the original financial or monetary value of any economic item. It is based on a stable measuring assumption of a unit. Sometimes
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Case --- Diagnostic Products Corporation Sha Wu 1) Evaluate the design and the implementation of the performance bonus program at DPC. What changes would you suggest‚ if any? In this case‚ the FSE (field service engineers) is an important part of the whole corporation and also the system. The system is established to influence the performance of the FSEs to a desirable way and keep their customers satisfied. Therefore‚ the company designed a six areas method for the performance bonus program.
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Chapter 1 – Nature and regulation of companies RQ 9. Outline the differences between shares and debentures. Ordinary shares attract no fixed rate of dividend‚ carry voting rights and may participate in surplus assets and profits of the company – they represent ownership of x% of the company. Ordinary shares are classified as equity. The company may issue shares either fully paid or partly paid (s. 254A). If partly paid shares are issued‚ the shareholder is liable to pay calls on the shares
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3. Investigating Hierarchy from Below During my dissertation fieldwork‚ staying in two villages of different ranks broadened my experience with hierarchy and knowledge. As Traube (1989) argued‚ the form of cosmogonic knowledge is encompassing‚ rooted‚ comprehensive at the “trunk‚” or the source of hierarchy‚ but remains fragmented‚ partial and shallow at the tips. In Yap‚ the sociology of knowledge takes a slightly different form. Indeed‚ those who grew up in higher-ranking tabinaw are savvier with
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