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Webster, Inc. sells plumbing supplies to contractors in the southern region of the United States. Each month, the IT division at Webster prints monthly statements and sends them to the accounts receivable (AR) department, where a clerk mails them to the customers. Webster's customers mail their payments back to Webster, where a clerk in AR batches the checks and sends them to the cashier. The AR clerk then uses the payment stub to enter the payments into the computer, where the AR master data is updated to record the payment.a) Prepare a table of entities and activities for the Webster, Inc. process described above.b) Construct a context diagram based on the table prepare in part (a).c) Prepare a physical DFD based on the output from parts (a) and (b).d) Prepare an annotated table of entities and activities based on the output from parts (a)-(c). Indicate on this table the groupings, bubble numbers, and bubble titles to be used in preparing a level 0 logical DFD.e) Prepare a logical DFD (level 0 only) based on the table prepared in part (d).f) Construct a systems flowchart based on the narrative and the output from parts (a)-(e).
Assuming that the cash balance at the beginning of the month was $7,450, prepare a statement of cash flows that displays operating, investing, and financing activities and that reconciles the beginning and ending cash balances.
Flores Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting.
Prepare a make or buy analysis showing the annual advantage or disadvantage of accepting the outside supplier's offer.
Carlos Company purchases $30,000 of equipment on January 1, 2011. The equipment is expected to last five years and be worth $5,000 at the end of that time. Prepare the entry to record one year's depreciation expense of $5,000 for the equipment as ..
Calculate the gross wages of each worker for Week 4. Show clearly the basic pay, overtime pay and bonus pay; Using the answer in (a), analyze the total gross wages of the workers into Direct Wages and Indirect Wages;
Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2011?
Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.
SDD has also developed a second software package. They incurred development costs of $500,000. They are trading this software package in exchange for a small office building. The fair market value of this building is $675,000. Use $285,000 as the ..
The parent company's share of the fair value of the net assets of a subsidiary may exceed acquisition cost. How must this excess be treated in the preparation of the consolidated financial statements? What is the reasoning that supports this treat..
Current sales would not be affected by the special order and no additional fixed costs would be incurred on the special order. Missouri company's change in profits if the order is accepted will be a ______
Using the above information for ABC co., prepare a pension work sheet for 2008. Indicate (credit) entries by parentheses. Calculated amounts should be supported. Prepare the journal entries to reflect the accounting for the company's pension plan f..
The character of any income or loss will be ordinary if the contributed property is sold by the partnership within five years after the date of contribution regardless of the character of the asset in the hands of the partnership.
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