You Have Been Hired to Create an Information System for the TeaTime

question 13

Multiple Choice

You have been hired to create an information system for the TeaTime Tea House. You have met with the owner of the company to get a general idea of what they need and have decided to use the modified waterfall SDLC model.
-The first phase of the SDLC is ____.

• A) planning
• B) design
• C) implementation
• D) analysis

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Definitions:

Gross Accounts Receivable

The total amount owed to a company by its customers before deducting any allowance for doubtful accounts.

Accrual Accounting

A financial recording approach in which earnings and expenditures are documented upon being accrued, without considering the timing of the associated cash movements.

Sell Receivables

The process of selling a company's accounts receivable to a third party at a discount in order to obtain immediate cash.

Ending Balance Sheet

A financial statement showing a company's assets, liabilities, and equity at the final moments of an accounting period.