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Multiple-Choice Questions 66.   Which of the following is considered an integrated software system? a)  Material requirements planning systems (MRP I) b)  Manufacturing resource planning systems (MRP II) c)  Enterprise resource planning systems (ERP) d)  all of the above 67. Integrated accounting software programs generally include all of the following, except: a)Graphic reporting capabilities b)Internet connectivity c)One standardized chart of accounts d)The ability to handle multiple companies 68. The word “integrated” in the term “integrated accounting software” means: a)The software is color blind b)The software can interface with non-accounting software such as spreadsheets. c)The software combines several accounting functions in one […]

Question EX 5-29 Closing entries OBJ. 4 On July 31, 2016, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler, are as follows: Accumulated Depr.-Building Administrative Expenses Building Cash Common Stock Cost of Merchandise Sold Dividends Interest Expense Merchandise Inventory 100,000 455,000 ,437,000 4,500 160,000 6,000 21,500 $365,000 Notes Payable 440,000 Retained Earnings 810,000 Sales 78,000 75,000 775,000 15,000 6,000 115,000 Sales Tax Payable Selling Expenses Store Supplies Store Supplies Expense Prepare the July 31, 2016, closing entries for Serbian Interiors Company.

96. Which of the following is true regarding ERP costs? a)Enterprise systems tend to be less costly than integrated accounting software b)Enterprise systems are always less costly than best of breed software solutions c)Costs associated with reassigned employees have nothing to do with the true cost of an enterprise system d)There may be many costs that continue after systems implementation 97.   When we talk about a Value-Added Reseller within the context of accounting and enterprise software, we are referring to an individual or business that: a)  Usually assists small businesses to select entry-level, small business software b)  Is a qualified […]

81) A file of national sales data is ________ for an analysis of the relative performance of city sales regions. A) easy to use B) too fine-grained C) too coarse-grained D) ill-timed 82) Which of the following is a feature of a structured process? A) It is an informal process. B) It requires information systems that are supportive. C) It is easy to change or modify. D) It is controlled, rather than adaptive. 83) Which of the following is a feature of a dynamic process? A) It is a formally defined process. B) It is difficult to change or modify. […]

77.A transaction involving a charge to a non-existent customer account was entered into an accounts receivable and billing system that was batch processed.  This error should be detected by the computer system and appear in: a)The sort run error printout b)The edit run error printout c)The customer statements printout d)The master file update run error printout e)Some error printout other than those mentioned above 78.Transactions which were erroneous and had been previously rejected by the computer system apparently were not being reentered and reprocessed once they had been corrected.  This erroneous condition is best controlled by: a)Comparing a record count […]