Denmark Corporation sells computer equipment to businesses in the western region of the United States. Each month, the IT division at Demark Corporation prints monthly statements and sends them to the accounts receivable (AR) department, wherea clerk mails them to the customers. This corporation's customers mail their payments back to Denmark, where a clerk in AR batches the checks and sends them to the cashier. The AR clerk then uses the payment stub to enter the payments into thecomputer, where the AR master data are updated to record the payment. Please use this to complete the diagrams and charts below. Please use excel or word for the diagrams.Problem 1. Please create a table of entities and activitiesProblem 2. Draw a context diagram to support the entities in problem 1.Problem 3. Draw a physical DFD. Please use MS products i.e. word or excel to create this diagram

Context diagramA context diagram is a type of data flow diagram (DFD) that represents the boundaries…

Answered: Denmark Corporation sells computer…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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“As soon as the customer places an Order, it is received by the Sales department and a Sales Order is created. The Sales Order is sent to the Finance Department to check if the customer has any outstanding balance for more than 60 days. The AR Clerk at the Finance Department checks and sends the results back to the Sales Department. If there is an outstanding balance for more than 60 days, the Sales Department puts the Order on hold and notifies the customer. Otherwise, the Order Entry Clerk creates an Order Confirmation and sends it to the customer. Simultaneously a Picking List is generated and sent to the Order Fulfilment Department who picks up the next set of process steps. The Order Fulfilment Department receives the Picking List and determines which Warehouse is closest to the Customer location. The Picking List is sent to that Warehouse location. There, the items from the Picking List are picked. An Invoice is generated and printed. The items are packed along with the printed…
On-Balance Sheet Items (Assets) (in millions) Cash $ 10,000 Government securities 30,000 Interbank deposits 5,000 Home loans to personal finance customers 20,000 Loans to corporate customers 75,000 Total Balance Sheet Assets $140,000 Off-Balance Sheet Items Standby letters of credit backing corporate borrowings $ 10,000 Long term unused loan commitments made to private corporations 20,000 Total Off-Balance Sheet Items $30,000 Bank Capital Common stock (par value) $ 1,000 Surplus 1,500 Retained earnings 1,500 Subordinated debentures 2,000 Minority interest in subsidiaries 1,000 Allowance for loan and lease losses (reserves) 1,000 Non cumulative perpetual preferred stock 1,000 Intermediate term preferred stock 4,000 Equity commitment notes 2,000 Basel…
50-The type of deposit account preferred by business organizations is: Recurring deposits Current deposits Savings bank deposits Fixed deposits
QuickBooks Online allows the creation of bank rules. In which 3 situations would they be useful?(Select all that apply) A. To automatically split a transaction B. To automatically assign a transaction type C. To automatically assign a payee to the transaction D. To automatically delete a transaction E. To automatically record a monthly journal entry
A small medical supply company sells cash only, the cash sale procedure involves several steps:- The sales clerkprepares apre-numbered sales invoice in triplicate. The sales clerk takes copy 1 and 2 together with the payment and present them to the cashier. The cashier validates the original copy and gives it to the customer. The third copy of the sales invoice staysin the invoice book when the invoice book has been depleted all 3rdcopy of the invoices is filed in the sales office. “by invoice books”. At the end of each day the cashier prepares a Sales summary, a deposit slip in duplicate and counts the cash. He or she takesthe cash tothe Bank and deposit it.The cashier retains a copy of the deposit slip the other copy is validated by the bank. The cashier then gives the accountant the sales summary, the 2nd copy of the invoices and the validated deposit slip. The accountant agrees the numbers prepare the journal entry Files the documents as follows Sales summaries by date Invoices…
Tha back end of a payment system comprises I. Clearing and settlement. O II. Settlement and instrument of payment. O II. Clearing, settlement, and access point. O IV. Clearing and instrument of payment. Ov. Clearing, settlement, and instrument of payment. O VI. Access point, and user interface.
Adjusted Bank Balance. Mary's last bank statement showed an ending balance of $208.32. This month, she deposited $787.01 in her account and withdrew a total of $271.89. Furthermore, Mary wrote a total of five checks, two of which have cleared. The two checks that have cleared total $182.73. The three remaining checks total $122.15. Mary pays no fees at her bank. What is the balance shown this month on Mary's bank statement? What is the adjusted bank balance? The balance shown this month on Mary's bank statement is CLUD (Round to the nearest cent.)
Buy 99 is a wholesales company selling stationery. The company starts its order processing when it receives an order from the customer. After the company accepts the order, the clerk will check the order against the inventory; if the inventory has sufficient stock, the clerk will reserve the stock and charge the customer credit card for the order. If the inventory has insufficient stock, the clerk will notify the customer and ends the process. If the clerk charges the credit card successfully, the clerk will register the payment. At the same time, the clerk will also generate a pick-and-pack slip, followed by updating the inventory. After completing the registration of payment and the updating of inventory, the clerk will notify the customer. If the clerk did not charge the credit card successfully, the clerk will cancel the reservation of the stock and then notify the customer about the failure of the payment. Draw an Activity Diagram to document the above system.
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The mailroom receives checks and remittanceadvices from customers in payment of their accountsreceivable. The clerk reviews the documents for completenessand correctness, sends the checks to thecash receipts department, and sends the remittanceadvices to the AR department. The AR clerkreceives the remittance advices and updates the customers’AR records from the PC in the AR department.The cash receipts clerk receives the checks andposts them to the cash receipts journal from the PCin the department. The clerk then sends the checks tothe bank for deposit.RequiredPrepare a system flowchart of the proceduresdescribed previously.
35) Orders for a stock trading system are coded as follows from left to right: i. The first character is 'B' for a "buy" order, 'S' for a "sell" order ii. The number of shares to buy or sell iii. The stock ticker symbol in all uppercase letters for a "buy" order or alf lowercase letters for a "sell" order iv. If the order is a "limit" order with a specific buy/sell price, the requested price in pennies, otherwise the price should be omitted and the order will be a market order at the current asking price for the stock v. If the order is a "limit" order with an expiration time, the character 'T' followed by the number of minutes until the order expires and should no longer be executed

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