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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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A company purchased new equipment for $60,000. The company paid cash for the equipment. Other costs associated with the equipmen
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Answer: The cost of the equipment is $66,500.

Explanation: Under IAS 16 Property, Plant and Equipment, the cost of an asset comprises:

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In the question, $60,000 was the purchase price, the transportation cost of $1,000 was necessary to bring the asset to the location intended by management, $3,000 was the sales tax and the installation cost of $2,500 was also necessary for the asset to function as intended by management. So all these costs would be capitalized as the cost of the equipment as $66,500.

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3 years ago
n a free-market system, the allocation of benefits and costs is determined primarily by a. Interaction between a private party a
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Answer:

The answer to this question is A. Interaction between a private party and another private party

Explanation:

A free market economy, otherwise known as a capitalist economy is one that is controlled by private individuals with little or no government control.

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7 0
3 years ago
Evan is single and has AGI of $277,300 in 2020. His potential itemized deductions before any limitations for the year total $52,
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$24,402.50

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$277,300 x 7.5% = $20,797.50

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Charitable contributions are also deductible = $2,500

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A business that collects sales tax must pay the tax quarterly.<br> True<br> False
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Answer:

True

Explanation:

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2 years ago
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