Design the tables for this revenue process

Assignment Help Accounting Basics
Reference no: EM132074050

Question - Ian's place sells pet supplies to dog and cat owners. To sell its products, the marketing department requires sales personnel to call on the pet store retailers within their assigned geographic territories. Salespeople have an application on their mobile phones that allows them to record sales orders and send these sales orders directly to the company network for updating the company's sales order file.

Each day, warehouse personnel review the current sales orders in its file, and where possible, pick the goods and ready them for shipment. (Ian's Place ships goods via common carrier, and shipping terms are generally FOB from the shipping point.) When the shipping department completes a shipment, it also notifies the billing department, which then prepares an invoice for the customer. Payment terms vary by customer, but most are "net 30." When the billing department receives a payment, the billing clerk credits the customer's account and records the cash received.

Requirements

1. Identify the resources, events, and agents involved in the revenue process at Ian's Place.

2. Develop an E-R diagram for this process.

3. Design the tables for this revenue process. Note that you will need tables for each resource, event, and agent, as well as tables for each many-to-many relationship.

Reference no: EM132074050

Questions Cloud

Entered lease agreement for new manufacturing facility. : Jenny Enterprises has just entered a lease agreement for a new manufacturing facility.
How many shares were issued on september : Castalia Inc. issued shares of its $0.80 par value common stock on September 4, 2013, for $8 per share. How many shares were issued on September 4, 2013
What is the expected variable cost : Simon's relevant range for production is 100,000 to 120,000 units. If 115,000 units are produced next year, What is the expected variable cost
Bob owned this land if the price of land has been increasing : ow long has Bob owned this land if the price of land has been increasing at 6 percent per year?
Design the tables for this revenue process : Design tables for this revenue process. Note that you will need tables for each resource, event, and agent, as well as tables for each many-to-many relationship
How much must you deposit each month to fund your retirement : If you think you can earn an interest rate of 10.79 percent compounded monthly, how much must you deposit each month to fund your retirement?
Discuss the behavioral issues involved in standard cost : Problem - Behavioral Effect of Standard Costs. Discuss the behavioral issues involved in Merit Inc.'s standard cost dilemma
What was his annual return on this investment : If the account is currently worth $93,400, what was his annual return on this investment?
Faced by norsk management in redesign logistics system : List and classify decisions faced by Norsk management in a redesign logistics system.

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