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The Beach Dude (BD) employs a legion of current and former surfers as salespeople who push its surfing-oriented products to various customers (usually retail outlets). This case describes BD's sales and collection process. Each BD salesperson works with a specific group of customers throughout the year. In fact, they often surf with their customers to try out the latest surf gear. The BD salespeople act laid-back, but they work hard for their sales. Each sale often involves hours of surfing with their customers while the customers sample all the latest surf wear. Because BD makes the best surfing products, the customers look forward to the visits from the BD salespeople. And, they often buy a lot of gear. Each sale is identified by unique invoice number and usually involves many different products. Customers pay for each sale in full within 30 days, but they can combine payments for multiple sales. BD manages its clothing inventory by item (e.g., XL BD surfer logo T-shirts), identified by product number, but it also classifies the items by clothing line (the lines are differentiated by price points as well as the intended use of the clothing, e.g., surfing products, casual wear, etc.). a. Draw a UML class diagram that describes the Beach Dudes sales and collection process. b. Using Microsoft Access, implement a relational database from your UML class diagram. Identify at least three fields per table. c. Describe how you would use the relational database to determine the Beach Dude's accounts receivable.
Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds by Titus Co.:
Assume that Procter and Gamble had a 10% increase in sales in 2007 and that there was no change in costs except for increases associated with the higher volume of sales, compute the predicted 2007 oparating income for procter and gamble its percen..
The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. If management decides to buy part 114 from the outside supplier rather than to c..
On January 2, 2007, Pacer Corporation issued 30,000 shares of 6% cumulative preferred stock at $100 par value. On December 31, 2010, Pacer Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to ..
Creating a perception of detection can act as a deterrent to fraud. What are some ways companies attempt to create such a perception?
redhawk inc. is a merchandiser that provided the following information number of units sold ----------- 10000 selling
identify at least three 3 risk factors inherent in estimating the amount of customer write-offs. explain the procedural
Which audit procedure is most effective in testing credit sales for overstatement?
Do you agree with Arnold's reasoning for not reporting any allowance for future uncollectible accounts? Explain.
Prepare the operating section of the statement of cash flows under the indirect method and the direct method.
Messier Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. Explain Computation of Bond Liability
what is the net operating income earned by product m12Caccording to the company's accounting system? Show work.
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