BelAir Tech Implements a New Information System and Sees a 5

question 44

Multiple Choice

BelAir Tech implements a new information system and sees a 5 percent increase in monthly sales after implementation.This is a(n) ________ of the system.

• A) intangible benefit
• B) tangible cost
• C) tangible benefit
• D) recurring cost
• E) non-recurring cost

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Definitions:

Vouchers

Documents that serve as evidence of a transaction and propose a future payment, detailing the conditions and amounts to be paid.

Cash Register Tape

A continuous roll of paper used in a cash register to record transactions.

Debt Management

Strategies and processes used by individuals or organizations to handle their debt effectively.

Days' Sales Uncollected

A financial ratio that measures how efficiently a company is collecting revenue from its credit sales by calculating the average number of days that sales remain uncollected.