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saveliy_v [14]
3 years ago
5

Explain what a data dictionary is, making sure to include definitions of the terms data element and record in your explanation.

Provide examples of each of these terms as you include them.
Business
1 answer:
Ksenya-84 [330]3 years ago
8 0

Answer:

Data dictionary gives a detailed information concerning business data.

Explanation:

• Data dictionary is also called a data definition matrix and it gives a detailed information concerning the data of a business. Data Dictionary gives more information about each character a business concept possess. It gives tools that makes you communicate the business stakeholder requirements better.

• Data: Data is a compilation of facts, such as measurements, numbers, words, and observations. Examples of data are email and name of students in a class.

• Element: a component of a whole or one of the components into which an entity may be determined by analysis. Every data element should be determined once in the data dictionary. Example include address and account number.

• Record: A record is made up of fields and it consists of all the data about a particular person or item in a database. Examples of record include tax returns, legal filings and driver's license.

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What occurs when the goods available are too few to satisfy individuals desire
LekaFEV [45]

Answer: Two elements in scarcity

Explanation: 1. Our wants 2. Our wants to fulfilling our wants.

Sorry if this wasn't the answer that u were looking for.

8 0
2 years ago
Samson Corporation sold the following during the year: Two delivery trucks purchased in March 2016 for $78,000 are sold in June
Marta_Voda [28]

Answer:

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

Explanation:

As for the provided information we have,

Sale of Trucks within a few months, as purchased in March and sold in June, therefore,

Sale price - Carrying value = $70,000 - $78,000 = -$8,000

Therefore, it is short term capital loss

Sale of land which is 5 years old, therefore, it will be long term.

Sales price - Carrying value = $400,000 - $80,000 = $320,000

Long term capital gain = $320,000

Machines are old and now depreciated, thus it will be long term

Sale price - carrying value = $75,000 - $200,000 = - $125,000 Long term capital loss

Building purchased 8 years ago will be long term in nature, therefore,

Sale price - carrying adjusted basis = $425,000 - $300,000 = $125,000 Long term capital gain.

Final Answer

Truck = Short term capital loss of $8,000

Land = Long term capital gain of $320,000

Machine = Long term capital loss of $125,000

Building = Long term capital gain of $125,000

Net effect Long term capital gain of $125,000

And Short Term Capital Loss of $8,000

7 0
2 years ago
Which describes the process of diagnosing an organization's external and internal environments, including deciding on a vision a
Rudiy27

Strategic planning

Explanation:

Process to identify the external and internal conditions of the organisation, determine a strategy and goal, formulate general goals, establish and choose general approaches, and allocate resources for the organization's objectives.

Strategic planning is the method of documenting and guiding the small company— by evaluating where they are and where they're going. The strategic plan actually provides them with the opportunity to record the mission, vision and principles and their lengthy-term goals and intervention plans to achieve them.

5 0
2 years ago
Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s
Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

n=1,300 +(0.3*900)\\n=1,570\ units

Since the company purchases each pet bed for $40, total budgeted purchases are:

P=\$40*n=\$40*1,570\\P=\$62,800

Garfield Corp's total budgeted purchases for March are $62,800.

6 0
3 years ago
At some colleges and universities, economics professors receive higher salaries than professors in some other fields.
koban [17]

Answer:

Explanation:

At some colleges and universities, economics professors receive higher salaries than professors in some other fields.

A. Why might this be true?

Economists have a higher opportunity cost working in academia than professors in other fields because in certain fields that are different from academic,there is a lack of labor opportunity for professor and even when such arise ,they are difficult to get and another reason may be that economists who are good in some fields may employ themselves in other firms with higher wages because of their real life first hand experience, even when some colleges and universities wants to hire them, got to spend a greater amount of money than for professors in some other fields.

B. Some other colleges and universities have a policy of paying equal salaries to professors in all fields. At some of these schools, economics professors have lighter teaching loads than professors in some other fields. What role do the differences in teaching loads play

In order for  university to employ working force which is hard to find, they put in place differences in teaching loads ,such differences in teaching load are intended to attract economics professors by providing nonmetary compensation

3 0
3 years ago
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