In Some Cases, Developing Systems That Provide Data in near Real

question 66

Essay

In some cases, developing systems that provide data in near real time is much more difficult and expensive than producing data a few hours later. Provide an example that supports this statement.

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Definitions:

Sales Discounts

Price reductions offered by sellers to encourage prompt payment by buyers.

Credit Sales

Sales made by a business where payment is allowed to be deferred until a later date.

Perpetual Inventory System

An inventory management method where updates are made continuously to record sales and purchases instantly.

Merchandise Inventory Account

An account on the balance sheet that represents the cost of goods available for sale, including items purchased for resale.