Computer-based accounting information systems

1. In computer-based accounting information systems, the general ledger is no longer required and is, to all intent and purposes, redundant.’ Discuss.

2. ‘Despite the rhetoric to the contrary, the internet-based “virtual shop” will never replace the traditional high street retail outlet.’ Discuss.

Don't use plagiarized sources. Get Your Custom Essay on
Computer-based accounting information systems
Just from $13/Page
Order Essay

Kiley plc is a UK-based retailer. The company regularly invests surplus funds in seven-day notice short-term deposits on the UK money market. Currently, such short-term deposits pay an interest of 5% per annum. Also currently, Kiley plc has cash payments for each month totalling £1,250,000, per month (or £15m pa). Assume transactions costs are £15.40 per transaction.

Required

Using the Baumol cash management model calculate how much Kiley plc should transfer to its bank account and briefly explain the main assumptions that are made when using the Baumol cash management model.

 

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.