The San Gabriel Valley Chapter of the Institute of Management

question 15

Multiple Choice

The San Gabriel Valley chapter of the Institute of Management Accountants sponsors four computer seminars each year: Access, Excel, PowerPoint and QuickBooks. Participants can sign up for any or all of the seminars; pricing varies with the number of seminars and with the participant's membership and professional status. For example, a student member of the IMA can sign up for one seminar for $30, or all four for $100. A non-member of the IMA, whether a student or not, would pay $50 for one seminar or $150 for all four. Elliot receives registrations via e-mail and collects payment at the beginning of each seminar.
-A Level Zero data flow diagram of the preceding process would include ___ numbered circles.

• A) One.
• B) Two.
• C) Three.
• D) Some other number.

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Definitions:

Foreign Subsidiary

A company that is partially or wholly owned and controlled by a parent company but operates in a different country.

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business.

Indirect Form

Often used in reporting cash flows, an approach that adjusts net income for changes in balance sheet accounts to derive cash flow from operating activities.

Exchange Rate

The value of one currency for the purpose of conversion to another. It determines how much of one currency can be exchanged for another currency.