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Use MaxIFS to calculate the Highest Paid-in-Full Transaction Amount.

Use MaxIFS to calculate the Highest Paid-in-Full Transaction Amount.

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Use MaxIFS to calculate the Highest Paid-in-Full Transaction Amount.

### Reid Furniture Store Financial Analysis #### Overview: This document provides a detailed analysis of transactions and payment statistics for Reid Furniture Store. Below information includes payment requirements, monthly payments, and insights into paid-in-full transactions categorized by weekday. Additionally, a detailed transaction record for different departments is also included. #### Payment Details: - **Required Down Payment**: 15% - **Number of Monthly Payments**: 48 #### Paid-In-Full Transactions by Day: 1. **Sunday** - **No. of Paid-in-Full Transactions**: (Data not provided) - **Sum of Paid-in-Full Transactions**: (Data not provided) - **Average of Paid-in-Full Transactions**: (Data not provided) - **Average Amount Above $4,000**: (Data not provided) - **Highest Paid-in-Full Transaction Amount**: (Data not provided) 2. **Monday** - (Similar details as Sunday) 3. **Tuesday** - (Similar details as Sunday) 4. **Wednesday** - (Similar details as Sunday) 5. **Thursday** - (Similar details as Sunday) 6. **Friday** - (Similar details as Sunday) 7. **Saturday** - (Similar details as Sunday) #### Transaction Record: | **Number** | **Date** | **Weekday Number** | **Weekday** | **Department** | **Type** | **Amount** | **Down Payment** | **Balance** | **Last PMT Date** | |-------------|--------------|-------------------|-------------|----------------|-------------|------------|------------------|-------------|-------------------| | 2021-001 | 3/1/2021 | 2 | | Bedroom | Finance | 13,826 | | 13,826.00 | | | 2021-002 | 3/1/2021 | 2 | | Bedroom | Finance | 6,880 | | 6,880.00 | | | 2021-003 | 3/1/2021 | 2 | | Living Room | Finance | 8,378 | | 8,378.00 | | | 2021-004 | 3/1/2021 |
Transcribed Image Text:### Reid Furniture Store Financial Analysis #### Overview: This document provides a detailed analysis of transactions and payment statistics for Reid Furniture Store. Below information includes payment requirements, monthly payments, and insights into paid-in-full transactions categorized by weekday. Additionally, a detailed transaction record for different departments is also included. #### Payment Details: - **Required Down Payment**: 15% - **Number of Monthly Payments**: 48 #### Paid-In-Full Transactions by Day: 1. **Sunday** - **No. of Paid-in-Full Transactions**: (Data not provided) - **Sum of Paid-in-Full Transactions**: (Data not provided) - **Average of Paid-in-Full Transactions**: (Data not provided) - **Average Amount Above $4,000**: (Data not provided) - **Highest Paid-in-Full Transaction Amount**: (Data not provided) 2. **Monday** - (Similar details as Sunday) 3. **Tuesday** - (Similar details as Sunday) 4. **Wednesday** - (Similar details as Sunday) 5. **Thursday** - (Similar details as Sunday) 6. **Friday** - (Similar details as Sunday) 7. **Saturday** - (Similar details as Sunday) #### Transaction Record: | **Number** | **Date** | **Weekday Number** | **Weekday** | **Department** | **Type** | **Amount** | **Down Payment** | **Balance** | **Last PMT Date** | |-------------|--------------|-------------------|-------------|----------------|-------------|------------|------------------|-------------|-------------------| | 2021-001 | 3/1/2021 | 2 | | Bedroom | Finance | 13,826 | | 13,826.00 | | | 2021-002 | 3/1/2021 | 2 | | Bedroom | Finance | 6,880 | | 6,880.00 | | | 2021-003 | 3/1/2021 | 2 | | Living Room | Finance | 8,378 | | 8,378.00 | | | 2021-004 | 3/1/2021 |
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