Exam 15: Using Management Information Systems and Accounting Information

The cash that Coca-Cola receives from providing customers with Coke and other soft drinks and juices would appear in the ____ section of the statement of cash flows.

Jane Cook started a small manufacturing firm two years ago. Now, after two years, she decides it is time to hire an accountant to work in the office and process all her financial data. This accountant will be a

An airplane that FedEx owns and uses to deliver packages is a(n) ____ of FedEx.

Mary Nettles works for a marketing and advertising firm. She must choose one ad piece from a number of potential ad pieces. To ensure that she makes the right decision, she should

Describe the three activities of a statement of cash flows. Where does each section fall on the statement and what does it account for? ​

Walmart takes its net sales and subtracts the cost of goods sold during the previous period. The result is Walmart's

​The number of times a company sells and replaces its merchandise inventory in one year is known as

Management and employees are the groups that would be most likely to evaluate the risk associated with investing in a company's stocks, bonds, or securities.

Long-term liabilities need not be repaid for at least one year.

The Cheese Shoppe's liabilities total $59,000 and its owners' equity is $124,000. Which of the following is true?

What is the correct order for the balance sheet?

The number of times a firm sells and replaces its merchandise inventory in one year is known as its

Typically, the majority of the data gathered for an MIS come from external sources.

Energizer offers its customers a reduction in price if they pay for their shipments of batteries within ten days of receiving them. This is a(n)

​What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?

During the year Comer, Inc., had $200,000 in goods available for sale. At the end of the accounting period it had an ending inventory of $40,000. The cost of goods sold by Comer was therefore

The specific types of information that managers need depend on their area of management and on their

In your own words, describe the relationship between information and risk and how this relationship could impact the business decision-making process. ​

Most data gathered for an MIS come from

Selling expenses are considered to be a type of