Accounting Information Systems
10th Edition
ISBN: 9781337619202
Author: Hall, James A.
Publisher: Cengage Learning,
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Chapter 9, Problem 18P
To determine
Draw an ER diagram representing company’s revenue cycle.
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The following describes the revenue cycle procedures for a hypothetical company.The sales department clerk receives hard-copy customer orders and manually prepares a six-part hardcopy sales order. Copies of the sales order are distributed to various departments as follows: Copies 1, 2, and 3 go to the shipping department, and Copies 4, 5, and 6 are sent to the billing department where they are temporarily filed by the billing clerk.Upon receipt of the sales order copies, the shipping clerk picks the goods from the warehouse shelves and ships them to the customer. The clerk sends Copy 1 of the sales order along with the goods to the customer. Copy 2 is sent to the billing department, and Copy 3 is filed in the shipping department. When the billing clerk receives Copy 2 from the warehouse, she pulls the other copies from the temporary file and completes the documents by adding prices, taxes, and freight charges. Then, using the department PC, the billing clerk records the sale in the…
AM is a trading entity. Purchases are on credit, with 70% paid in the month following the date ofpurchase and 30% paid in the month after that.Sales are partly on credit and partly for cash. Customers who receive credit are given 30 days topay. On average 60% pay within30 days, 30% pay between 30 and 60 days and 5% pay between60 and 90 days. The balance is written off as irrecoverable. Other overheads, including salaries,are paid within the month incurred.AM plan to purchase new equipment at the end of June 2015, the expected cost of which isP250,000. The equipment will be purchases on 30 days credit, payable at the end of July.The cash balance on 1 May 2015 is P96,000.The actual/budgeted figures for the six month to July 2015 were:
ACTUAL
BUDGETED
FEB P000
MARCH P000
APRIL P000
MAY P000
JUNE P000
JULY P000
Credit sales
100
100
110
110
120
120
Cash sales
30
30
35
35
40
40
Credit Purchases
45
50
50
55
55
60
other overhead expenses
40
40
40
50
50
50
Required:a.…
AM is a trading entity. Purchases are on credit, with 70% paid in the month following the date ofpurchase and 30% paid in the month after that.Sales are partly on credit and partly for cash. Customers who receive credit are given 30 days topay. On average 60% pay within30 days, 30% pay between 30 and 60 days and 5% pay between60 and 90 days. The balance is written off as irrecoverable. Other overheads, including salaries,are paid within the month incurred.AM plan to purchase new equipment at the end of June 2015, the expected cost of which isP250,000. The equipment will be purchases on 30 days credit, payable at the end of July.The cash balance on 1 May 2015 is P96,000.The actual/budgeted figures for the six month to July 2015 were:
actual
budgeted
FEB P000
MAR P000
APRIL P000
MAY P000
JUNE P000
JULY P000
credit sales
100
100
110
110
120
120
cash sales
30
30
30
35
40
40
credit purchases
45
50
50
55
55
60
other overhead expenses
40
40
40
40
50
50…
Chapter 9 Solutions
Accounting Information Systems
Ch. 9 - Prob. 1RQCh. 9 - Prob. 2RQCh. 9 - Prob. 3RQCh. 9 - Prob. 4RQCh. 9 - Prob. 5RQCh. 9 - Prob. 6RQCh. 9 - Prob. 7RQCh. 9 - Prob. 8RQCh. 9 - Prob. 9RQCh. 9 - Prob. 10RQ
Ch. 9 - Prob. 11RQCh. 9 - Prob. 12RQCh. 9 - Prob. 13RQCh. 9 - Prob. 14RQCh. 9 - Prob. 15RQCh. 9 - Prob. 16RQCh. 9 - Prob. 17RQCh. 9 - What are the conditions for third normal form...Ch. 9 - Prob. 19RQCh. 9 - Prob. 20RQCh. 9 - Prob. 21RQCh. 9 - What is a user view?Ch. 9 - Prob. 23RQCh. 9 - Prob. 24RQCh. 9 - Prob. 25RQCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQCh. 9 - Prob. 11DQCh. 9 - Prob. 12DQCh. 9 - Prob. 13DQCh. 9 - Prob. 14DQCh. 9 - Prob. 15DQCh. 9 - Discuss the accounting implications of the update,...Ch. 9 - Prob. 17DQCh. 9 - Prob. 18DQCh. 9 - Prob. 19DQCh. 9 - Prob. 20DQCh. 9 - Prob. 1MCQCh. 9 - Prob. 2MCQCh. 9 - Prob. 3MCQCh. 9 - Prob. 4MCQCh. 9 - Prob. 5MCQCh. 9 - Prob. 6MCQCh. 9 - Prob. 7MCQCh. 9 - Prob. 8MCQCh. 9 - Prob. 9MCQCh. 9 - Prob. 10MCQCh. 9 - Prob. 11MCQCh. 9 - Prob. 12MCQCh. 9 - Prob. 13MCQCh. 9 - Prob. 14MCQCh. 9 - Prob. 15MCQCh. 9 - Prob. 16MCQCh. 9 - Prob. 17MCQCh. 9 - Prob. 18MCQCh. 9 - The Mega Supply Corporation has three divisions:...Ch. 9 - Prob. 2PCh. 9 - Lesters Rentals is located in Cincinnati, Ohio....Ch. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6PCh. 9 - Prob. 7PCh. 9 - Prob. 8PCh. 9 - Prob. 9PCh. 9 - Prob. 10PCh. 9 - Prob. 11PCh. 9 - Prob. 12PCh. 9 - Prepare the 3NF base tables needed to produce the...Ch. 9 - Prob. 14PCh. 9 - Prob. 15PCh. 9 - Prob. 16PCh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24P
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