Normalise a spreadsheet of data into tables

Assignment Help Financial Accounting
Reference no: EM133000658

Normalise a spreadsheet of data into tables in the third normal form in order to eliminate data anomalies.

Introduction

Good Fortune Restaurant Supplies (GFRS) is owned by Anna Vuong, a graduate of UWS. GFRS has grown rapidly and has found that managing its Sales function is essential to providing excellent customer service and operating profitably. GFRS has asked you to design a database that will help it control its sale and cash collection operation. GFRS sells ingredients and supplies to several different restaurants, food and drink outlets, and processed food factory. Donna Hay is the account manager who looks after all sale-related activities. Paul Murray is the creditor manager who is responsible for assessing and approving customer credit applications. Anna Vuong is the accounts receivable manager who is responsible for cash collection and accounting function. All orders from customers are processed by account officer/manager, and approved by credit officer/manager. The cash payments are received by the accounts receivable officer/manager. Sale orders from customers are confirmed with a printed customer purchase order signed by customer's purchasing agent. Normally, GFRS delivers shortly after orders are received and approved. A partial delivery of a sale order to a customer is acceptable.

When a delivery/shipment to customer is made, an invoice is prepared by one of the four account officers/manager and sent to the customer. A remittance advice is attached to the bottom of the invoice. Customers are required to tear off the remittance advice and sent it back with their payments. Anna has made an arrangement with each customer that a direct bank transfer is made by the customer per month to FRS's bank account to cover all invoices issued for the previous month. This arrangement has reduced the chance of bad debt and internal control issues in relation to cash collection.

The business stores its sale and cash collection transactions on a worksheet. Anna claims that she has done her best to make sure the data on the worksheet is correct.

Attachment:- SID.rar

Reference no: EM133000658

Questions Cloud

How much was Celtics net cash flow from investing activities : Cash payments to banks for repayment of money borrowed totaled $9,700. How much was Celtics' net cash flow from investing activities
How much of the expenses is allocated : Under the IRS method, how much of the $16,000 in Tier 3 expenses (depreciation) is allocated above the line
How do calculate the minimum number of units of silpol : What is the expected operating income? Calculate the minimum number of units of SilPol that would have to be sold in order to justify further processing of GR37
What the company ending equity is : What the company's ending equity is? Darden has beginning equity of 277000 total revenues of 63000 and total expenses of 25000.
Normalise a spreadsheet of data into tables : Normalise a spreadsheet of data into tables in the third normal form in order to eliminate data anomalies.
Discuss whether the classification of a financial instrument : Discuss whether the classification of a financial instrument as a debt or equity under IAS 32 is relevant to investors in making economic decisions
Which the two ratios most commonly used by mortgage lender : Which the two ratios most commonly used by mortgage lenders to evaluate the ability to pay mortgage loan are the? Current ratio and mortgage debt service ratio.
Which will be the increase in the price of bond a : The price of the bond will fall by $0.42. If the yield goes down by 1 basis point, which of the following will be the increase in the price of Bond A
What amount of gain or loss should be recognized in loss : What is the interest expense for the year ended December 31, 2021? CHIA-SEED Company issued 7,000 of 15% ?1,000 bonds at 95.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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