Identify four problems with system

Assignment Help Financial Accounting
Reference no: EM13136573

Stevenson Apparel is a manufacturer of fashion clothing that has just opened its first large retail store for selling in-season clothes at regular prices. The company's competitive strategy depends on a comprehensive point-of-sale (POS) system supporting online,up-to-tht-minute sales totals, day-to-day tracking of stock information, and quick checkout of customer purchases. Because cashiers were already familiar with electronic cash registers, management decided that only minimal training was required. Cashiers enter four-digit stock tracking numbers (STNs) into one of the POS terminals that retrieves price and description data , computes the tax and total amount due, accepts the type of payment, and controls the cash drawer. A unique STN identifies each of the 9,500 pieces of merchandise. The central computer server maintains stock information.

In the first month of operation, new cashiers were awkward using the new system. They eventually became proficient users but were frustrated with the slow printing of sales tickets and the unpredictable action of their cash drawers. Each checkout stand has a telephone that cashiers use to call for appoval of credit-card transactions. Customers become impatient when creit approvals delayed the checkout process or when the computer was down, thus stopping all sales, including cash sales. Identify four problems with the system and how you would remedy each of them.

Reference no: EM13136573

Questions Cloud

Calculate the total kinetic energy of the gaseous mixture : A 100.-L flask contains a mixture of methane (CH4) and argon at 25C. The mass of argon present is 228 g and the mole fraction of methane in the mixture is 0.650.
Citizen policy choices and agenda setting : How does cultural change influence citizen policy choices and agenda setting? Provide two examples to explain the influence of cultural change.
Ppropriate journal entry to record purchases of shares : Prepare the appropriate journal entry to record the June purchases of shares under the employee share purchase plan.
What is the final temperature of the water : Twenty grams of liquid mercury at 98.0 °C is placed in 47.0 g of water initially at 25.0 °C. What is the final temperature of the water, assuming the styrofoam calorimeter absorbs no heat at all?
Identify four problems with system : Customers become impatient when creit approvals delayed the checkout process or when the computer was down, thus stopping all sales, including cash sales. Identify four problems with system and how you would remedy each of them.
Find the average unloading time : Flights arriving at the airport spend anywhere from 50 to 130 minutes in security before unloading passengers. If the unloading times follow the uniform probability distribution, find the average unloading time.
Reasons for policy termination : What are some of the reasons for policy termination? What are some of the roadblocks to policy termination? How might these roadblocks be minimized?
Calculate the market value of massey-ferguson equity : Assuming the market value of Massey-Ferguson's debt equals 70 percent of book value, calculate the market value of the company on October 31, 1980. (The market value of debt is well below the $2.5 billion book value due to the prospect of bankrupt..
How many double bonds are present : How many double bonds are present in the "best" resonance structure of the phosphate ion?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd