Case d fairfield novelties inc

Assignment Help Accounting Basics
Reference no: EM13677322

Case D Fairfield Novelties Inc. (Cash Receipts Process)
Assume that customers have been billed and have sent in a payment with copy 3 of the invoices, on which they have filled in the amount remitted. The cash receipts clerk compares the check to the amount written on the invoice and, in a space reserved, enters the amount received so that it can be computer scanned.
Checks and these invoices copies are batched. The invoice copies are sent to the IT department. The deposit slip is prepared, in triplicate, and the checks are deposited. Copies of the batch totals and deposit slip copy 2 are filed separately by date. Copy 3 of the deposit slip is sent to the treasurer's office.
The IT department uses an optical scanner to process the invoice copies. This run occurs each evening at 10 pm. Customer's accounts are posted, and a cash receipt listing is produced and sent to cash receipts each morning, where it is check against and filed with the related batch totals. A copy of the cash receipts listing is sent to the treasurer's office.
P11-1 For the case assigned by your instructor, complete the following requirements
a. Prepare a table of entities and activities
b. Draw a context diagram
c. Draw a physical data flow diagram (DFD)
d. Prepare an annotated table of entities and activities. Indicated on this table the groupings, bubble numbers and the bubble titles to be used in preparing a level 0 logical DFD
e. Draw a level 0 logical DFD

Reference no: EM13677322

Questions Cloud

The cost accounting system : The cost-accounting system
What is the change in entropy of the gas : In a reversible process called isothermal expansion, 457 J of heat are transferred into a quantity of gas in an engine from the hot reservoir, while 352 J of heat are transferred out to the cold reservoir. The temperature of the gas is 473 K at the b..
Determine what is the percent efficiency of the engine : Through one engine cycle, a lawnmower engine does 55.2 J of net work. In the process, it expels 153 J of energy as heat. Determine what is the percent efficiency of the engine?
Airplane is flying during a thundercloud at a height : An airplane is flying during a thundercloud at a height of 2100 m. (This is a very dangerous thing to do because of updrafts, turbulence, and the possibility of electric discharge.) If a charge concentration of +50.0 C is above the plane at a height ..
Case d fairfield novelties inc : Case D Fairfield Novelties Inc
Does it affect the total linear attenuation coefficient : A narrow beam containing 2000 mono energetic photons is reduced to 1000 photons with a slab of copper 10-2 m thick. What is the total linear attenuation coefficient of the copper slab for these photons? If the thickness of the copper slab doubled, do..
How does this differ from us gaap : How does this differ from US GAAP?
Heavy-light ball are dropped in absence of air resistance : A heavy ball and a light ball are dropped in the absence of air resistance. The two balls will experience the same acceleration. The heavier ball will experience a greater acceleration.
Electric force balances weight of ball near earths surface : The electric field near the surface of Earth points downward and has a magnitude of 150 N/C. What is the ratio of the magnitude of the upward electric force on an electron to the magnitude of gravitational force on the electron? What charge must be p..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd