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Marat540 [252]
3 years ago
11

Abby has created custom statues made out of scrap metal for over ten years. Abby has kept detailed records of every statue she h

as ever created. For every sale, she obtains the customer's name and address, and a description of the statue. Ready to take her business to the next level, Abby has hired you to construct an accounting information system, which she wants modeled after her paper records. As you look over her records, you notice that some customer last names have different first names in different records. For example, R. Framington Farnsworth, Bob Farnsworth, and Sam Farnsworth all seem to be the same person. You explain to Abby that every customer must be identified by a unique customer number in the AIS. You are referring to the _____
Business
1 answer:
Nady [450]3 years ago
4 0

Answer:

The correct answer is update anomaly.

Explanation:

The normalization process is a standard that basically consists of a process of conversion of the relations between the entities, avoiding:

  1. Data redundancy: repetition of data in a system.
  2. Update anomalies: data inconsistencies as a result of redundant data and partial updates.
  3. Deletion anomalies: unintentional loss of data due to other data being deleted.
  4. Insertion anomalies: inability to add data in the database due to the absence of other data.

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Bobby consumes only chocolate and vanilla ice cream and he is spending all of his income. For the last scoop of chocolate and va
tangare [24]

Answer:

D. not changing his purchases of chocolate and vanilla

6 0
4 years ago
This month, Susan, the branch manager of Intrepid Car Rentals, has heard several complaints from customers that Intrepid employe
REY [17]

Answer:

The answer is: policy

Explanation:

Company's policy are guidelines that can affect its operation, plans and objectives. They are the rules that outline the activities and responsibilities of the company's employees and employers. They serve as rules of conduct within the company.

4 0
3 years ago
Which of these statements is true regarding women in the united states workforce?
Svetradugi [14.3K]

Both A and B, but not C.

6 0
3 years ago
The Hylands Hotels are liquidating their partnership. Before selling the assets and paying liabilities, the capital balances for
Georgia [21]

Answer:

Ia. Debit Cash $84,000

Credit Non-cash asset $75,000

Gain on sale $9,000

Ib. Debit Gain on sale $9,000

Credit Martha, capital $3,600

Credit Nathan, capita $3,600

Credit Orin, capital $1,800

Ic. Debit Accounts payable $36,000

Credit Cash $36,000

Id. Debit Martha, capital $48,600

Debit Nathan, capita $39,600

Debit Orin, capital $27,800

Credit Cash $116,000

IIa. Debit Cash $35,000

Loss on sale $40,000

Credit Non-cash asset $75,000

IIb. Debit Martha, capital $16,000

Debit Nathan, capital $16,000

Debit Orin, capital $8,000

Credit loss on sale $40,000

IIc. Debit Accounts payable $36,000

Credit Cash $36,000

IId. Debit Martha, capital $29,000

Debit Nathan, capita $20,000

Debit Orin, capital $18,000

Credit Cash $67,000

Explanation:

Ia. During the sale on non-cash asset, we debit the cash we received during the sale and credit the the non-cash asset and another credit of gain on sale. So we debit cash $84,000 credit Non-cash asset to remove it from the book in the amount of $75,000 and another credit of $9,000 gain on sale.

Ib. The gain we credited earlier will be allocated to the partners based on the profiy and loss sharing ratio.

Debit Gain on sale $9,000

Credit Martha, capital (9,000 x 2/5) $3,600

Credit Nathan, capital (9,000 x 2/5) $3,600

Credit Orin, capital (9,000 x 2/5) $1,800

Ic. To record payment to creditor, we simply debit Accounts payable in the amount of $36,000 and credit Cash in the same amount of $36,000.

Id. The cash subject for allocation is the remaining amount after we deduct the cash we paid to outside creditor plus the amount we received from the sale on non-cash asset.

Beginning cash $68,000 - $36,000 (payment to creditor) + $84,000 (cash received from sale of non-cash assets) = $116,000

$116,000 - (45,000 + 36,000 + 26,000) = $9,000

We now allocate the cash based on the capital balances of the partners and divide the excess based on the profit or loss sharing ratio.

Debit Martha, capital (45,000 + (9,000 x 2/5)   $48,600

Debit Nathan, capital (36,000 + (9,000 x 2/5)  $39,600

Debit Orin, capital (26,000 + (9,000 x 2/5)       $27,800

Credit cash    $116,000                  

IIa. During the sale on non-cash asset, we debit the cash we received during the sale and credit the the non-cash asset. The difference between Cash received and the value of an asset will be charged to gain or loss. So we debit cash $35,000 and another debit of loss on sale in the amount of $40,000 then credit Non-cash asset to remove it from the book in the amount of $75,000..

Ib. The loss we Debited earlier will be allocated to the partners based on the profit and loss sharing ratio.

$75,000 - $35,000 = $40,000

Debit Martha, capital (40,000 x 2/5) $16,000

Debit Nathan, capital (40,000 x 2/5) $16,000

Debit Orin, capital (40,000 x 2/5) $8,000

Credit loss on sale $40,000

Ic. To record payment to creditor, we simply debit Accounts payable in the amount of $36,000 and credit Cash in the same amount of $36,000.

Id. The cash subject for allocation is the remaining amount after we deduct the cash we paid to outside creditor plus the amount we received from the sale on non-cash asset.

Beginning cash $68,000 - $36,000 (payment to creditor) + $35,000 (cash received from sale of non-cash assets) = $67,000

$67,000 - (45,000 + 36,000 + 26,000) = ($40,000)

We now allocate the cash based on the capital balances of the partners and divide the losses based on the profit or loss sharing ratio.

Debit Martha, capital (45,000 - (40,000 x 2/5))   $29,000

Debit Nathan, capital (36,000 + (40,000 x 2/5))  $20,000

Debit Orin, capital (26,000 + (40,000 x 2/5))       $18,000

Credit cash    $67,000

7 0
3 years ago
In year 2, Kilroy Company purchased land for a new office building at a purchase price of $325,000. There was an existing buildi
melisa1 [442]

Answer:

Correct option is C

Explanation:

Cost of Land:-

Purchase Cost = $325000

Demolition Cost = $12000

Cost of Attorneys for the Purchase Contract = $7500

Grading Cost= $18000

Less:- Scrape Sold = $3500

<u>Total Cost of Land= $359000 </u>

Cost of Building:-

Cost of Architect Design= $40000

Cost of Building Permits= $8000

Cost of Construction of Building= $1275000

<u>Total Cost of Building=  $1323000</u>

There is no Cost that will be reported as expenses as all the cost need to be capitalised.

8 0
4 years ago
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