In the last few months, the company you work for has grown 43%. Up until now, payroll has been managed manually using Excel spreadsheets. To increase efficiency and ease of payroll management, the decision has been made to purchase an off-the-shelf software solution. How would you decide what criteria was needed and which solution would work best for your organization?

In the last few months, the company you work for has grown 43%. Up until now, payroll has been managed manually using Excel spreadsheets. To increase efficiency and ease of payroll management, the decision has been made to purchase an off-the-shelf software solution. How would you decide what criteria was needed and which solution would work best for your organization?

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter6: Data Mining

Section: Chapter Questions

Problem 6P

See similar textbooks

Similar questions

Assume you are the project manager for the Tidal 2 software project. You have been asked to calculate the expected cost for the project. Your company's database indicates that developers can handle eight function points each person-month and that the cost per developer at your firm is $8,400 per month. You and your team of five developers have come up with the following requirements: (Round your "Estimated duration" answer to 2 decimal places.) Elements Inputs Outputs Inquiries Files Interfaces Count 27 21 21 45 35 Complexity Low Low High Medium High Calculate the total number of function points and the estimated cost and duration of the Tidal project? (Use “complexity weighting"). Estimated total number of function points Estimated cost Estimated duration months
Jade Ltd is now considering how to obtain a computer software. The director of Jade Ltd has noticed that over the last 20 years, many companies have spent a great deal of money internally developing new intangible assets, such as software. You have been asked by the director to provide your advice on the accounting treatments of the two possibilities below: (i) Employ its own programmers to write software that the company will use (ii) Purchase computer software externally, including packages for payroll and general ledger. Required: In accordance with IAS 38 / AASB 138 Intangible Assets, discuss whether internally developed intangible assets should be recognised, and explain the differ in the accounting treatments for the two possible options.
Downtown! is a rapidly growing web-based retailer with about 100 management and technical support employees at its headquarters office in Florida. Mary Estrada, the firm’s IT manager, is planning a new information system that will give users better access to sales and marketing data and trends. She has a concern, however. She knows that users often request reports but use only a small portion of the data. In many offices she sees inboxes filled with printed reports gathering dust. Mary asked for your opinion: What if new system users could design most of their own reports without assistance from the IT staff, by using a powerful, user-friendly report writer program? Do you think they would request as many reports or the same types of reports? What are the pros and cons of giving users total control over output?
JPL, Inc. has provided its sales and expense data for the most recent period. The Controller has asked you prepare a spreadsheet that shows the related CVP Analysis computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. • Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, =B5" was entered, the formula would output the result from cell B5. or 75 in this example. • Beslc Math functlons: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: - (plus sign to add). - (minus sign to subtract). * (asterisk sign to multiply). and / (forward slash to divide). From the Excel Simulation below, if in a blank cell "=85+B6" was entered, the formula would add the values from those cells and output the result, or 120 in this example. If using the other math symbols the result would output an…
Camptown Togs, Inc., a children’s clothing manufacturer, has always found payroll processing to becostly because it must be done by a clerk. The numberof piece–goods coupons received by each employeeis collected and the types of tasks performed by eachemployee are calculated. Not long ago, an industrialengineer designed a system that partially automatesthe process by means of a scanner that reads thepiece–goods coupons. Management is enthusiasticabout this system, because it utilizes some personalcomputer systems that were purchased recently. It isexpected that this new automated system will save$45,000 per year in labor. The new system will costabout $30,000 to build and test prior to operation. Itis expected that operating costs, including incometaxes, will be about $5,000 per year. The system willhave a five-year useful life. The expected net salvagevalue of the system is estimated to be $3,000.(a) Identify the cash inflows over the life of theproject.(b) Identify the cash outflows…
Job analysis might be conducted for all of the following reasons, except When new jobs are created When downsizing takes place When the organization is founded and jobs are initiated for the first time When jobs are changed significantly Following the last meeting for the HR department at XYZ Company, the HR manager Mirna has recently announced that all employees are expected to add the foilowing footneote to their email signature block: "XYZ Company is looking for amazing employees!". Thus, which of the following statements is true regarding the HR department decision? " It is seeking totrain employees through promotional policies It is seeking to recruit employees through employee enlistment It is seeking to train employees through employee referrals It is seeking to recruit emplovees through employee referrals
The following describes the expenditure cycle for a hypothetical company. The company has a centralized computer system with terminals located in various departments. The terminals are networked to a computer application, and digital accounting records are hosted on a serverin the data processing department. Each day, the computer in the data processing center scans the inventory records looking for items that must be replenished. For each item below itsreorder point, the system creates a digital purchase order and prints two hard copies. A technician in the data center sends the purchase orders to the purchasing department clerk.Upon receipt of the purchase orders, the purchasing clerk reviews and signs them. He sends Copy 1 to the supplier and files Copy 2 in the purchasing department.A few days later, the supplier ships the order and the goods arrive at the receiving department. The receiving clerk reviews the digital purchase order from his terminal, inspects the goods,…
The following describes the expenditure cycle for a hypothetical company.The company has a centralized computer system with terminals located in various departments. The terminals are networked to a computer application, and digital accounting records are hosted on a server in the data processing department. Each day, the computer in the data processing center scans the inventory records looking for items that must be replenished. For each item below its reorder point, the system creates a digital purchase order and prints two hard copies. A technician in the data center sends the purchase orders to the purchasing department clerk. Upon receipt of the purchase orders, the purchasing clerk reviews and signs them. He sends Copy 1 to the supplier and files Copy 2 in the purchases department.A few days later, the supplier ships the order and thegoods arrive at the receiving department. The receiving clerk reviews the digital purchase order from his terminal, inspects the goods, creates a…
Until a year ago, Dagwood Printing Company had always operated in a centralized computer environment. Now, 75 percent of the office employees have a PC. Users have been able to choose their own software packages, and no documentation of end-user-developed applications has been required. Next month, each PC will be linked into a local area network and to the company’s mainframe. Required a. Outline a plan of action for Dagwood Printing Company to ensure that the proper controls over hardware, software, data, people, procedures, and documentation are in place. b. Discuss any exposures the company may face if the devised plan is not implemented.
After doing an account analysis of cost estimation and giving the results to your boss, you discovered an error in the supporting data. In 6 out of the 24 months of data you had accidentally dropped off the last three 000's from the costs. Therefore, you thought $10,000,000 was only $10,000. You informed your boss about the error, they had already passed on the data to the CFO who was going to use it in a presentation to the board of directors tomorrow. Your boss does not want to tell the CFO about the error. What do you do?
When a company has post-acquisition expenditures related to Property, Plant, and Equipment it must determine whether the amount should be expensed as an ordinary repair or capitalized as a major repair, addition, or betterment. This requires considering the nature of the expenditure and the use of judgment. Many companies use a threshold amount. Any expenditure below the threshold is expensed. Items over the threshold are examined and a decision is made about whether to expense or capitalize the item. This approach is justified by both materiality and considering costs and benefits. For example, a company with $94 million in net property, plant, and equipment and $250 million of operating expenses would not consider a $100 repair as material. Plus, if the company had to spend thousands of dollars examining every repair expenditure, the costs of doing the analysis could easily outweigh the benefits. SouthEast Equipment has a large number of machines and equipment that are available for…
Camptown Togs, Inc., a children's clothing manufacturer, has always found payroll processing to be costly because it must be done by a clerk. The number of piece-goods coupons received by each employee is collected and the types of tasks performed by each employee are calculated. Not long ago, an industrial engineer designed a system that partially automates the process by means of a scanner that reads the piece-goods coupons. Management is enthusiastic about this system, because it utilizes some personal computer systems that were purchased recently. It is expected that this new automated system will save $41,000 per year in labor. The new system will cost about $35,000 to build and test prior to operation. It is expected that operating costs, including income taxes, will be about $4,500 per year. The system will have a five-year useful life. The expected net salvage value of the system is estimated to be $3,500. Assume that the cash flows occur continuously throughout the year. (a)…