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Input Controls and Data Processing
You have been hired by a catalog company to computerize its sales order entry forms. Approximately 60 percent of all orders are received over the telephone, with the remainder either mailed or faxed in. The company wants the phone orders to be input as they are received.
The mail and fax orders can be batched together in groups of fifty and submitted for data entry as they become ready. The following information is collected for each order:
Required: Determine control techniques to make sure that all orders are entered accurately into the system. Also, discuss any differences in control measures between the batch and the real-time processing.
Jane Kent is a licensed CPA. During the first month of operations of her business, Journalize transactions, post, and prepare a trial balance
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Information on four investment proposals is given - Compute the profitability index. Rank the projects according to NPV and then profitability index
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