Shown here is a partial entity-relationship diagram of a purchase system. Describe the business rules represented by the cardinalities in the diagram.

Q: Use the flowchart above to answer these questions: a. What accounting document is represented by…

A: A flowchart depicts the individual phases of a process in a logical sequence. It is a general tool…

Q: Define sales journal.

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Which of the following activities would use number of customer orders as an activity base?     A.…

A: Activity-based costing: It is a method that helps in finding the activities performed by a company…

Q: Identify and define the two major types of controls in an accounting information system.

A: Accounting Controls Accounting controls are the policies and procedures that a company adopts to…

Q: Interanational Business Class Q:How to analyze demand and customers?

A: Supply and demand are the relationship between the quantity of a product that producers want to sell…

Q: Research and discuss two business rules that should be incorporated into the Sales/Collections…

A: Business Rules for Sales/Collections: 1) All customer payments must be verified and recorded prior…

Q: Explain the transaction management system of delivery management system like pathao.

A: DMS (Delivery management software) is a digital logistics solution that is used for planning,…

Q: What document intiates the sales process

A: Answer: Sales order procedures involves accepting a customer order and processing it, filling the…

Q: Explain purchase accounting

A: Purchase accounting means any premium paid by bidder in excess of the value of books of aims assets…

Q: What document initiates the sales process?

A:

Q: how to make  accounting eqution grid?

A: Accounting equation says that total assets should always be equals to total liabilities and…

Q: Define and explain subsidiary ledgers in merchandising business?

A: Subsidiary ledgers are the ledgers that contain information about specific control accounts in…

Q: Define each of the following terms:e. Purchase accounting

A: Purchase accounting: Purchase accounting is the process of reviewing the liabilities and assets of a…

Q: Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer…

A: Definition: REA model: The graphical representation which shows the re-engineered accounting system…

Q: Identify the following users as either an internal (I) or an external (E) user. Distribution manager

A: Users of the information: Users of information can be classified as internal and external users.…

Q: Provide one example of a transaction that affect  service business and  merchandise business.

A: Business refers to all those organization or company who engaged in any type of industrial,…

Q: The GAAP is an acronym that represents which of the following?Choose one answer.a. Principles for…

A: GAAP refers to as the Generally Accepted Accounting Principles.

Q: Explain an example of business segment.

A: A business segment is a part of a company that can be identified by the products it provides or by…

Q: Summarize on what you understand from the purchase cycle system

A: Purchase Cycle System- Purchasing Cycle system refers to as system of buying product and service.

Q: What is purpose of sales journals?

A: Sales journal: It is one form of special journal book, which records all the sales transactions that…

Q: What different accounting transaction process needs a data warehouse? Why?

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: Check All That Apply Invoice Receive Payment Pay Bills

A: Invoice and Receive payment refers to the "Customers and Sales" transaction.

Q: A relational database system contains the following inventory data: part number, description,…

A:

Q: Explain the model business coporation act.

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: What is the business value of the Lexis-Nexis DSS?

A: Business valuation is the process of evaluating the economic value of a whole company or company…

Q: Explain the internal business process perspective.

A: The internal business process perspective.

Q: Define LIFO inventory pools.

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Identify the following users as either an internal (I) or an external (E) user. Purchasing manager

A: Users of the information: Users of information can be classified as internal and external users.…

Q: Briefly describe each of the following documents or records: purchase requisition, purchase order,…

A: A purchase transaction is a business activity where goods or services are acquired from a seller in…