You will draw a business process data model (REA diagram) with cardinalities for the operating events for
Fantastic news! We've Found the answer you've been seeking!
Question:
You will draw a business process data model (REA diagram) with cardinalities for the operating events for PPE Supply's sales/collection process described in the narrative. Remember to distinguish between operating events and information events. Information events are not captured in the data model; only the operating events.
Transcribed Image Text:
Required: Prepare a hand drawn REA model with cardinalities for the operating events, resources, and agents in PPE Supply's Sales/Collection Cycle. Professionalism and neatness count-use a ruler, draw and print legibly. What to upload to Blackboard PPE SUPPLY Take a picture and submit your work as an electronic copy in pdf format. This electronic copy is required for your assignment to be graded. Use the upload link in the Assignment tab in Blackboard. Due Date: Submit into Blackboard anytime up to Sunday, February 14, 2021 at 11:59 pm Recommendations: 1. Give yourself ample time to complete this assignment, you will be tested on this Assignment. 2. Be sure to be able to differentiate between operating events and information events. REA models only include operating events. Use Crow's Feet notation for cardinalities. 3. Review your course resources for creating the REA model (textbook chapter 19, course module relating to creating the REA model, prior Assignment 1 problems and solutions available as practice on Blackboard) to better prepare for this graded assignment. The following is the narrative of the sales/collection process for PPE Supply. PPE Supply, headquartered in Knoxville, Tennessee, is an emerging industry maker of KN95 surgical masks and other personal protective gear at a fair cost to anyone who needs them. PPE Supply is new to the market, created in 2020 to address the critical shortage of medically effective, high grade face masks, gloves, and other personal protective gear; a demand created by the introduction of the COVID 19 virus to the world population. Its market share is small compared to the industry leader. The company looks to increase its market share, however, by becoming more responsive to customer and hospital/medical supply chain demands than its competitors. PPE Supply would like your help documenting its sales and collection process using an event driven ERP. PPE Supply's customers are retail companies. PPE Supply does not sell to the general public. When customers need personal protective gear, they place an order online at PPES upply.org which updates the Sales Order Transaction file. When orders are received, a sales representative prints two copies of the customer sales order and one copy of a stock release document. The sales representative staples one copy of the customer sales order to the stock release and sends it to the warehouse department. The other copy of the sales order is filed numerically in the sales department. If an item in the order is out of stock, the order and stock release will be held until all items are available to be picked in the warehouse. A warehouse clerk at the Knoxville manufacturing site receives the stock release and sales order. With these documents the clerk will pick and scan the goods for each order using a handheld scanner. This serves to update the Pick Transaction file. Only in stock items can be ordered as no backorders are allowed. After the pick, the warehouse clerk forwards the inventory items ordered and the stock release and order documents to the shipping department. A shipping clerk proceeds to update the Shipment Transaction file for each pick event and prints the packing list and three copies of the shipping notice. The packing list is included in the package. The common carrier representatives arrive every day between 4p.m. and 5:30 p.m. to pick up shipments to customers. The shipping clerk gives the common carrier representative each customer's original shipping notice, and the packaged inventory items. The stock release, a copy of the shipping notice, and the sales order are stapled together and sent to the billing department. The last copy of the shipping notice is filed numerically in the Shipping Department. The Billing Department receives the customer order, stock release, and shipping notice documents. With these documents. A billing clerk then prepares the invoice and emails it to the customer. An electronic copy is saved in the department. Once the invoice has been sent, the billing clerk sends the sales order, stock release, and shipping notice to the Accounts Receivable Department. At the end of each month, an accounts receivable clerk will email customers with balances owing. PPE Supply accepts installment payments. The cash receipts clerk receives the checks and updates the Cash Receipts Transaction file. The accounting manager electronically deposits the checks into the appropriate cash acct at the end of each business day. Note: Returns are allowed. That is, customers may return items if the goods are damaged during shipment. Required: Prepare a hand drawn REA model with cardinalities for the operating events, resources, and agents in PPE Supply's Sales/Collection Cycle. Professionalism and neatness count-use a ruler, draw and print legibly. What to upload to Blackboard PPE SUPPLY Take a picture and submit your work as an electronic copy in pdf format. This electronic copy is required for your assignment to be graded. Use the upload link in the Assignment tab in Blackboard. Due Date: Submit into Blackboard anytime up to Sunday, February 14, 2021 at 11:59 pm Recommendations: 1. Give yourself ample time to complete this assignment, you will be tested on this Assignment. 2. Be sure to be able to differentiate between operating events and information events. REA models only include operating events. Use Crow's Feet notation for cardinalities. 3. Review your course resources for creating the REA model (textbook chapter 19, course module relating to creating the REA model, prior Assignment 1 problems and solutions available as practice on Blackboard) to better prepare for this graded assignment. The following is the narrative of the sales/collection process for PPE Supply. PPE Supply, headquartered in Knoxville, Tennessee, is an emerging industry maker of KN95 surgical masks and other personal protective gear at a fair cost to anyone who needs them. PPE Supply is new to the market, created in 2020 to address the critical shortage of medically effective, high grade face masks, gloves, and other personal protective gear; a demand created by the introduction of the COVID 19 virus to the world population. Its market share is small compared to the industry leader. The company looks to increase its market share, however, by becoming more responsive to customer and hospital/medical supply chain demands than its competitors. PPE Supply would like your help documenting its sales and collection process using an event driven ERP. PPE Supply's customers are retail companies. PPE Supply does not sell to the general public. When customers need personal protective gear, they place an order online at PPES upply.org which updates the Sales Order Transaction file. When orders are received, a sales representative prints two copies of the customer sales order and one copy of a stock release document. The sales representative staples one copy of the customer sales order to the stock release and sends it to the warehouse department. The other copy of the sales order is filed numerically in the sales department. If an item in the order is out of stock, the order and stock release will be held until all items are available to be picked in the warehouse. A warehouse clerk at the Knoxville manufacturing site receives the stock release and sales order. With these documents the clerk will pick and scan the goods for each order using a handheld scanner. This serves to update the Pick Transaction file. Only in stock items can be ordered as no backorders are allowed. After the pick, the warehouse clerk forwards the inventory items ordered and the stock release and order documents to the shipping department. A shipping clerk proceeds to update the Shipment Transaction file for each pick event and prints the packing list and three copies of the shipping notice. The packing list is included in the package. The common carrier representatives arrive every day between 4p.m. and 5:30 p.m. to pick up shipments to customers. The shipping clerk gives the common carrier representative each customer's original shipping notice, and the packaged inventory items. The stock release, a copy of the shipping notice, and the sales order are stapled together and sent to the billing department. The last copy of the shipping notice is filed numerically in the Shipping Department. The Billing Department receives the customer order, stock release, and shipping notice documents. With these documents. A billing clerk then prepares the invoice and emails it to the customer. An electronic copy is saved in the department. Once the invoice has been sent, the billing clerk sends the sales order, stock release, and shipping notice to the Accounts Receivable Department. At the end of each month, an accounts receivable clerk will email customers with balances owing. PPE Supply accepts installment payments. The cash receipts clerk receives the checks and updates the Cash Receipts Transaction file. The accounting manager electronically deposits the checks into the appropriate cash acct at the end of each business day. Note: Returns are allowed. That is, customers may return items if the goods are damaged during shipment.
Expert Answer:
Answer rating: 100% (QA)
The REA Resources Events Agents model is used to represent business processes The Resources represent the assets of the company the Events are the actions that happen to these assets and the Agents ar... View the full answer
Related Book For
Statistics The Exploration & Analysis of Data
ISBN: 978-1133164135
7th edition
Authors: Roxy Peck, Jay L. Devore
Posted Date:
Students also viewed these accounting questions
-
The article You Will Be Tested on This (The Chronicle of Higher Education, June 8, 2007) describes an experiment to investigate the effect of quizzes on student learning. The goal of the experiment...
-
Critical Care Hospital Critical Care Hospital will be purchasing a CATSCAN (computerized axial tomography scanner) in the next six months. The CATSCAN equipment will be installed in the radiology...
-
Supply chain dynamics can cause excessive costs and poor customer service. Explain how the redesign of a supply chain can help to mitigate the effects of supply chain dynamics.
-
State the degree and leading coefficient of the polynomial f(x) = 4 + x = 2x 2 - 7x 3 .
-
An admissions counselor, examining the usefulness of x1 = total SAT score and x2 = high school class rank in predicting y = freshman grade point average (GPA) at her university, has collected the...
-
The Dorans Dairy's principal activity is buying milk from dairy farmers, processing the milk, and delivering the milk to retail customers. You are engaged in auditing the retail accounts receivable...
-
Jill Riggins owns and operates Jills Java coffee shop. She proposes to account for the shops assets at their current market value in order to have current amounts on the balance sheet. Which...
-
To ensure highway safety and protect driver health, Congress charged federal agencies with regulating the hours of service of commercial motor vehicle operators. Between 1940 and 2003, the...
-
Discuss two examples of cost in each of the following classification. (10 marks) Classification according to behavior Classification according to time Classification according to traceability iv....
-
The Fashion Rack has a monthly accounting period. All transactions are recorded in a general journal. Postings are made from the general journal to the accounts receivable ledger, accounts payable...
-
A bond issue with a face amount of $700,000 bears interest at the rate of 8%. The current market rate of interest is 10%. These bonds will sell at a price that is: Multiple Choice a. Equal to...
-
What suggestions would you make to a nascent social entrepreneur to make her or him more effective in marketing and communicating social impact across various stakeholders?
-
According to some observers, the lines between corporate social entrepreneurship and CSR are becoming increasingly blurred. Do you agree? Why or why not?
-
What do you think are some of the greatest environmental challenges facing our world today? Those facing your own community?
-
With the social venture identifed in question 3 in mind, consider the three or four key outcomes that they should be measuring over time. What method would you recommend to the social entrepreneur to...
-
Discuss the importance of conducting a sSWOT analysis.Apply the guide to your own green opportunity identif ed in #3.
-
Simplify: 16+ 25. Provide your answer below:
-
Write a function that reads a Float24_t value: Float24_t float24_read(void) A legitimate float24 value string is of the form: "mantissabexponent" where the mantissa (m) and the exponent (e) may have...
-
The article Doctors Cite Burnout in Mistakes (San Luis Obispo Tribune, March 5, 2002) reported that many doctors who are completing their residency have financial struggles that could interfere with...
-
Americium 241 (241Am) is a radioactive material used in the manufacture of smoke detectors. The article Retention and Dosimetry of Injected 241Am in Beagles (Radiation Research [1984]: 564 575)...
-
The following statement appeared in the article Dimensions of Adjustment Among College Women (Journal of College Student Development [1998]: 364): Regression analyses indicated that academic...
-
Four employees in an office have annual salaries of $30,000, $35,000, $45,000, and $70,000. a. Compute the mean salary. b. Compute the median salary. c. Each employee gets a $1000 raise. Compute the...
-
Consider the following data set: a. Show that the mean and median are both equal to 5. b. Suppose that a value of 26 is added to this data set. Which is affected more, the mean or the median? c....
-
Consider the following data set: a. Compute the mean and median. b. Based on the mean and median, would you expect the data set to be skewed to the left, skewed to the right, or approximately...
Study smarter with the SolutionInn App