Identify the resources, events, and agents

Assignment Help Accounting Basics
Reference no: EM131759638

Having troubles with the 3rd question of this assignment. Not sure where to start of what the answer is.

Case Analyses

7-20. Ian's Place (The REA Model and E-R Diagrams)

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

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

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

Question 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: EM131759638

Questions Cloud

Firm retain monopoly power : Explain. List some restrictions on the mobility of resources that might help a firm retain monopoly power.
Discuss how is the adjustment recorded : How is the adjustment recorded? Indicate each account affected, whether the account is increased or decreased
Social and economic costs : In setting its ultimate monetary policy goals, the fed reserve takes into account the social and economic cost of high unemployment
Prepare the appropriate journal entries for quickstream : On January 1, 2018, QuickStream Communications leased telephone equipment from Digium, Inc. Digium's cash selling price for the equipment is $1,607,604.
Identify the resources, events, and agents : Identify the resources, events, and agents involved in the revenue process at Ian's Place
Discuss the implications of the issue on field of journalism : Identify and discuss at least two real-world situations in relation to the topic. Discuss the implications of the issue on the field of journalism.
Calculate amount of loss recorded on the sale of building : On January 1, 2018, XYZ Company paid $380,000 to purchase land, building, and equipment. The market values of these assets on that date were: land $80,000.
Produce computer simulation and description of simulation : Your tasks are two fold: to produce computer simulation and put all the files in a folder and provide a 1000 words description of the computer simulation
Major laws that regulate water pollution : What are the major laws that regulate water pollution? How are NPDES permit limits calculated?

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