Problem regarding the pine valley furniture

Assignment Help Accounting Basics
Reference no: EM131006115

Pine Valley Furniture

Alex Schuster began Pine Valley Furniture (PVF) as a hobby. Initially, Alex would build custom furniture in his garage for friends and family. As word spread about his quality craftsmanship, he began taking orders. The hobby has since evolved into a medium-sized business, employing more than fifty workers. Over the years, increased demand has forced Alex to relocate several times, increase his sales force, expand his product line, and renovate PVF's information systems. As the company began to grow, Alex organized it into functional areas-manufacturing, sales, orders, accounting, and purchasing. Originally, manual information systems were used; however, as the business began to expand rapidly, a minicomputer was installed to automate applications.

In the beginning, a process-oriented approach was utilized. Each separate application had its own data files. The applications automated the manual systems on which they were modeled. In an effort to improve its information systems, PVF recently renovated its information systems, resulting in a company-wide database and applications that work with this database. PVF's computer-based applications are primarily in the accounting and financial areas. All applications have been built in-house, and when necessary, new information systems staff is hired to support PVF's expanding information systems.

a. How did PVF go about developing its in- formation systems? Why do you think the company chose this option? What other options were available?

b. One option available to PVF was an enterprise-wide system. What features does an enterprise-wide system, such as SAP, provide? What is the primary advantage of an enterprise-wide system?

c. PVF will be hiring two systems analysts next month. Your task is to develop a job advertisement for these positions. Locate several websites or newspapers that have job advertisements for systems analysts. What skills are required?

d. What types of information systems are currently utilized at PVF? Provide an ex- ample of each type.

Reference no: EM131006115

Questions Cloud

What is a bargain purchase option : What is a bargain purchase option? How does it differ from other purchase options?
Recall the application-water privatization : Recall the Application. The British Experience with water privatization showed that:
Write about tn vs gardner case : Read and write about TN V. GARDNER and CONNER V. GRAHAM cases
How is labor allocation between two sectors : Imagine a country with two specific factors land and capital and one mobile factor of production labor. In this economy there are two industries each of which uses one specific factor and both industries use mobile factor labor. How is labor allocati..
Problem regarding the pine valley furniture : Alex Schuster began Pine Valley Furniture (PVF) as a hobby. Initially, Alex would build custom furniture in his garage for friends and family. As word spread about his quality craftsmanship, he began taking orders.
Examining the common traits of serial killers : For several years, "The MacDonald Triad", named after the forensic psychiatric, JM MacDonald, was used as a predictive tool when examining the common traits of serial killers
Gives an equation of the tangent line to the graph : Find an equation of the tangent line to the graph of y = f (x) at the point with x = 6. Choose one of the options and then explain your reasoning in one sentence.
Using production possibility frontier for both countries : Suppose there are two countries Home and Foreign. They have two factors of production, labor and capital. Using production possibility frontier for both countries show that at the same ratio of relative consumption of aircraft to cloth (Da/Dc) in two..
Recognizing the computing environment : A computer programmer suddenly transported from the 1950s to the 2000s would have trouble recognizing the computing environment that had evolved just fifty years later. What dramatic changes might oc- cur in the next ten years?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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