The Rea Model with cardinalities are shown below :-
Formula One Formula one sells auto parts at fourteen stores in Northern Virginia and Washington, DC....
Formula One Formula one sells auto parts at fourteen stores in Northern Virginia and Washington, DC. The following describes the business processes Formula One uses for the acquisition of inventory items. Formula One has a purchasing department centrally located at company headquarters in Burke, VA. The acquisition/payment process begins when a store manager determines a need for inventory at his/her location. The manager enters the requested items directly into the ERP system to generate a purchase requisition form. A purchasing...
Formula One Formula one sells auto parts at fourteen stores in Northern Virginia and Washington, DC. The following describes the business processes Formula One uses for the acquisition of inventory items. Formula One has a purchasing department centrally located at company headquarters in Burke, VA. The acquisition/payment process begins when a store manager determines a need for inventory at his/her location. The manager enters the requested items directly into the ERP system to generate a purchase requisition form. A purchasing...
I need some help with to create the REA model and how textual information is converted into an REA model.You get some description of the firm's expenditure cycle, and are asked to create the REA model. Formula one sells auto parts at fourteen stores in Northern Virginia and Washington, DC. The following describes the business processes Formula One uses for the acquisition of inventory items. Formula One has a purchasing department centrally located at company headquarters in Burke, VA. The...
Help with this problem, please. Conceptual Model: Draw an REA model with cardinalities for the operating events, resources, and agents in the Formula One inventory acquisition/payment process. Please be sure to include cardinalities with your relationships, thank you. Formula One Formula one sells auto parts at fourteen stores in Northern Virginia and Washington, DC. The following describes the business processes Formula One uses for the acquisition of inventory items. Formula One has a purchasing department centrally located at company headquarters...
Help with this problem, please. Conceptual Model: Draw an REA model with cardinalities for the operating events, resources, and agents in the Formula One inventory acquisition/payment process. Please be sure to include cardinalities with your relationships on the relationship lines, similar to the additional attachment I'm including, thank you for all help. Please keep the resource entities on the left, and the agents on the right-hand side, with the events in the middle if you can use the additional attachment...
A purchasing clerk at corporate headquarters checks the system for open requests. Based on the system’s purchase requisitions, the purchasing clerk prepares each purchase order using the ERP system. A request may need to be split into more than one order as not all vendors supply every item. To obtain volume discounts, the clerk combines all requests for similar items into one purchase order. Each purchase order instructs the vendor to ship the inventory items directly to the appropriate stores....
3.4 Beccan Company is a discount tine dealer operating 25 retail stores in a large metro politan area. The company purchases all tires and related supplies using the company's central purchasing department to optimize quantity discounts. The tires and supplies are received at the central warehouse and distributed to the retail stores as needed. The perpetual inventory system at the central facility maintains current inventory records, designated reorder points, and optimum order quantities for each type and size of time...
You are recently employed as a business analyst at Bell Studio, an Adelaide-based wholesaler of art supplies. Bell Studio sources its inventories from manufacturers in Australia, China, Japan and New Zealand. The company has a centralised accounting system with networked terminals at different locations. Bell Studio’s expenditure cycle procedures are described as follow: Purchases System The process begins when the purchasing clerk checks the inventory subsidiary ledger at his/her computer terminal each morning. When the quantity of an item is...
Mount Pleasant Community College (MPCC) is a medium-sized academic institution that employs about 200 full-time faculty and 250 staff personnel. There are 11,439 students enrolled at the college for the 2014–2015 school year. The Purchase Process. The college’s budget for purchases of equipment and supplies is about $18,000,000 annually. Allen Lee is in charge of the Purchasing Department. He reports directly to the Vice President of Finance for the university. Allen supervises four purchasing clerks and three receiving personnel. The...
INTERNAL CONTROL ANALYSIS A company that produces component parts for automobile manufacturers has grown rapidly since its incorporation several years ago. Management is concerned about internal controls over the purchasing cycle because the cost of goods sold percentage has continued to rise even though it seems that many of the raw materials and supplies used in production are costing less. The following description of the purchasing process is available: Pre-numbered purchase requisitions are used to order ...