Unit I Scholarly Activity

In this unit, you have learned about management information systems (MIS) and the importance of it. For this assignment, compose a paper that discusses the key differences between data, information, information technology (IT), and information systems (IS). Your paper should address the components listed below. 

Define what is meant by information. 

Define what is meant by data. 

Create two matrices (one for data and one for information) that illustrate the key differences between information and data, place the matrices into your paper, and briefly discuss the differences in one or two paragraphs. 

Each matrix should contain characteristics and/or facts about the subjects (data and information) that show how they are different. 

Define IT. 

Define IS. Using the five-component model as an example, discuss some differences between IT and IS. 

If you are using Microsoft Word, you can develop a matrix using this program. 

For an example of how to create a matrix using Microsoft Word, see the Microsoft.com explanation by clicking the link below. 

Microsoft. (n.d.). Create a matrix. Retrieved from https://support.office.com/en-us/article/Create-a-matrix-0E74423D-2E28- 4DEB-9223-A30C2312CC22 

You may use another computer software program that you are familiar with to create the matrices. However, you must submit your assignment in a Microsoft Word document, and the matrices should be included in the body of your paper. Your paper must be a minimum of two pages in length (not counting the title and reference pages), and you must use at least two resources as references. Any information from these resources must be cited and referenced in APA format.

"Is this question part of your assignment? We can help"

ORDER NOW

Enter the following transactions in the appropriate special journal of M/s Vas and Co. 1 answer below »

Enter the following transactions in the appropriate special journal of M/s Vas and Co.

2009

May 1

Bought goods from Mr. X Rs 30,000 as per invoice No. 15

May 3

Sold goods to Mr. Y Rs 40,000 as per invoice No. 32

May 3

Sold goods to Mr. Y Rs 40,000 as per invoice No. 32

May 7

Returned to Mr. X goods Rs 1,000 as per debit note No. 1

May 9

Y returned goods Rs 7,500 as per credit note No. 7

May 15

Purchased goods from Mr. Z Rs 50,000 as per invoice no. 51

May 19

Returned goods to Mr. Z Rs 1,600 as per debit note no. 9.

"Is this question part of your assignment? We can help"

ORDER NOW

Accounting entries for an integrated accounting system… 1 answer below »

1.Describe the materials recording procedure. ? 2.Distinguish between FIF, LIFO and Average cost methods of stores pricing. ? 3.Record the accounting entries for different methods (Integrated and Interlocking accounting system). ? 4.Describe Back-flush costing method.

"Is this question part of your assignment? We can help"

ORDER NOW

What is the nature of the SEC guidance concerning the reporting of LIFO liquidations?

1. Due to rising fuel costs, your client, Overstock.com, is considering adding a charge for shipping and handling costs on products sold through its website. What is the authoritative guidance for reporting these costs?

2. What guidance does the Codification provide concerning reporting inventories above cost?

3. What is the nature of the SEC guidance concerning the reporting of LIFO liquidations?

"Is this question part of your assignment? We can help"

ORDER NOW

What are the key motives for making capital expenditures? Discuss, compare, and contrast them. What.

What are the key motives for making capital expenditures? Discuss, compare, and contrast them.

What are the key motives for making capital expenditures Discus

"Is this question part of your assignment? We can help"

ORDER NOW

What are the major advantages of dollar-value LIFO? What are the major advantages of dollar value…

What are the major advantages of dollar-value LIFO?

What are the major advantages of dollar value LIFO

"Is this question part of your assignment? We can help"

ORDER NOW

At end of the year, a company has a $1,200 debit balance in Manufacturing Overhead. The company

At end of the year, a company has a $1,200 debit balance in Manufacturing Overhead. The company:

(a)makes an adjusting entry by debiting Manufacturing Overhead Applied for $1,200 and crediting Manufacturing Overhead for $1,200.

(b)makes an adjusting entry by debiting Manufacturing Overhead Expense for $1,200 and crediting Manufacturing Overhead for $1,200.

(c)makes an adjusting entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.

(d)makes no adjusting entry because differences between actual overhead and the amount applied are a normal part of job order costing and will average out over the next year.

"Is this question part of your assignment? We can help"

ORDER NOW

On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual…

On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,000 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)

"Is this question part of your assignment? We can help"

ORDER NOW

Income Tax Calculations 1 answer below »

Income Tax Calculations (50 Points)

Complete the following exercise. Submit journal entries in an Excel file and written segments in an MS Word document. Label each question clearly. For written answers, please make sure your responses are well-written, formatted per CSU-Global guidelines for APA Style, and have proper citation(s), if needed.

Johnny Bravo Company began operations in 2012 and has provided the following information.

1. Pretax financial income for 2012 is $100,000.
2. The tax rate enacted for 2012 and future years is 40%.
3. Differences between the 2012 income statement and tax return are listed below.

(a) Warranty expense accrued for financial reporting purposes amounts to $5,000. Warranty deductions
per the tax return amount to $2,000.
(b) Gross profit on construction contracts using the percentage-of-completion method for book purposes
amounts to $92,000. Gross profit on construction contracts for tax purposes amounts to $62,000.
(c) Depreciation of property, plant, and equipment for financial reporting purposes amounts to $60,000.
Depreciation of these assets amounts to $80,000 for the tax return.
(d) A $3,500 fine paid for violation of pollution laws was deducted in computing pretax financial income.
(e) Interest revenue earned on an investment in tax-exempt municipal bonds amounts to $1,400.

4. Taxable income is expected for the next few years.

Click here to download the Excel workbook containing the spreadsheets you will need for this exercise. Use the spreadsheetJournal Entries to prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2012. Draft the income tax expense section of the income statement, beginning with “Income before income taxes”

"Is this question part of your assignment? We can help"

ORDER NOW

Why does a retailer record its purchase of merchandise as a debit to purchases within the cost of… 1 answer below »

Why does a retailer record its purchase of merchandise as a debit to purchases within the cost of goods sold, instead of the asset inventory?

"Is this question part of your assignment? We can help"

ORDER NOW