King Landscaping Service (KLS) is a large landscaping company that designs and installs landscaping for corporate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
King Landscaping Service (KLS) is a large landscaping company that designs and installs landscaping for corporate clients. For example, KLS recently installed the new landscaping for a new office complex that is located in Tacoma, WA. The landscape installation involved the construction of footpaths and retaining walls, as well as the planting of many trees and bushes. KLS typically gets almost all of the materials that it uses for landscaping jobs (e.g., rock for pathways, trees, etc.) from supplier companies. Business Processes: The processing steps that KLS follows to pay its bills to its supplier companies are described below: The Accounts Payable (AP) department of KLS receives a supplier invoice directly from its supplier. The supplier invoice is a formal billing statement that tells the AP department what it owes the supplier for a previous purchase. The AP staff compares the billing information shown on the supplier invoice with the information shown on a "stock yard receipt notice." The "stock yard receipt notice" is a document that is prepared by KLS's Materials Department when materials sent by a supplier are received at KLS's stock yard (which is part of the Materials Department). This "stock yard receipt notice" (also known as the "shipping receipt slip," but the more common name is the "stock yard receipt notice") is sent from the Materials Department to the AP department immediately after materials are received at the stock yard. If AP employees find that the charges are accurate -- and if they have the authorization to make the payment -- they produce a payment check that is mailed to the supplier. The authorization decision to make the payment is determined by KLS's Authorization Department. Before each payment check is prepared, the AP department sends a request to the Authorization Department to authorize the payment. The Authorization Department then calculates the amount of funds available and responds to the AP department with a memo which indicates whether or not the payment can be made. At the beginning of each day, the Authorization Department gets the information needed to determine the funds available to spend from KLS's bank (which is named Northwest Bank). What you need to do: • Please prepare a context diagram describing King Landscaping Service's payables processing system. Assume that the processing performed by KLS's Accounts Payable (AP) department are internal to the system, while the processes performed by all the other departments and entities discussed above (Supplier, Materials Department, Authorization Department, Northwest Bank) are external to the system. King Landscaping Service (KLS) is a large landscaping company that designs and installs landscaping for corporate clients. For example, KLS recently installed the new landscaping for a new office complex that is located in Tacoma, WA. The landscape installation involved the construction of footpaths and retaining walls, as well as the planting of many trees and bushes. KLS typically gets almost all of the materials that it uses for landscaping jobs (e.g., rock for pathways, trees, etc.) from supplier companies. Business Processes: The processing steps that KLS follows to pay its bills to its supplier companies are described below: The Accounts Payable (AP) department of KLS receives a supplier invoice directly from its supplier. The supplier invoice is a formal billing statement that tells the AP department what it owes the supplier for a previous purchase. The AP staff compares the billing information shown on the supplier invoice with the information shown on a "stock yard receipt notice." The "stock yard receipt notice" is a document that is prepared by KLS's Materials Department when materials sent by a supplier are received at KLS's stock yard (which is part of the Materials Department). This "stock yard receipt notice" (also known as the "shipping receipt slip," but the more common name is the "stock yard receipt notice") is sent from the Materials Department to the AP department immediately after materials are received at the stock yard. If AP employees find that the charges are accurate -- and if they have the authorization to make the payment -- they produce a payment check that is mailed to the supplier. The authorization decision to make the payment is determined by KLS's Authorization Department. Before each payment check is prepared, the AP department sends a request to the Authorization Department to authorize the payment. The Authorization Department then calculates the amount of funds available and responds to the AP department with a memo which indicates whether or not the payment can be made. At the beginning of each day, the Authorization Department gets the information needed to determine the funds available to spend from KLS's bank (which is named Northwest Bank). What you need to do: • Please prepare a context diagram describing King Landscaping Service's payables processing system. Assume that the processing performed by KLS's Accounts Payable (AP) department are internal to the system, while the processes performed by all the other departments and entities discussed above (Supplier, Materials Department, Authorization Department, Northwest Bank) are external to the system.
Expert Answer:
Answer rating: 100% (QA)
Context Diagram The above figure is a context diagram for King Landscaping Services payables processing system The system is represented in the center ... View the full answer
Related Book For
Taxes and Business Strategy A Planning Approach
ISBN: 9780132752671
5th edition
Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon
Posted Date:
Students also viewed these general management questions
-
The ABC Corporation is a large multinational company that has facilities (both manufacturing and distribution) located in many U.S. states and in overseas countries. The firms long serving chief...
-
5. 4. 6. 2. 3. 1. Generally, a corporation is owned by its A) managers. B) board of directors and shareholders. C) shareholders. D) managers, board of directors, and shareholders. A firm's investment...
-
CEG Capital Inc. is a large holding company that uses long-term debt extensively to fund its operations. At December 31, the company reported total assets of $100 million, total debt of $55 million,...
-
Implement the method keys () for HashST.
-
Your client is confused. He owns shares in the Whistler Snow-Making Company (WSMC) and wants you to explain your recommendation. Both of you agree on the following: WSMC has an expected return of 12...
-
Determine the internal normal force, shear force, and bending moment acting at point C in the beam. A -1.5 m- 45 -3 m C 5 kN/m B Prob. F4-5 3 m
-
Water flows vertically upward in a circular cross-sectional pipe. At section (1), the velocity profile over the cross-sectional area is uniform. At section (2), the velocity profile is \[...
-
Suppose a perfectly competitive industry can produce Roman candles at a constant marginal cost of $10 per unit. Once the industry is monopolized, marginal costs rise to $12 per unit because $2 per...
-
Problem #3: A steady free jet of water exits a 0.5 inch diameter nozzle with uniform velocity V (point 1). The water jet impinges on a flat plate having a weight of 5 lbf and hinged at the left edge...
-
a. Each of the following figures shows a person (not to scale) located on Earth at either 40?N or 40?S latitude Rank the figures based on how much time the person spends in day period. from most to...
-
A \(2.0-\mathrm{kg}\) cart collides with a \(1.0-\mathrm{kg}\) cart that is initially at rest on a low-friction track. After the collision, the \(1.0-\mathrm{kg}\) cart moves to the right at \(0.40...
-
(a) Write an expression relating the average acceleration, \(\Delta p\), and \(\Delta t\) for an object of constant inertia \(m\). (b) Given your result in part \(a\), what can you say about the...
-
The position of a certain airplane during takeoff is given by \(x=\frac{1}{2} b t^{2}\), where \(b=2.0 \mathrm{~m} / \mathrm{s}^{2}\) and \(t=0\) corresponds to the instant at which the airplane's...
-
If two carts collide on a low-friction track, it is possible for both carts to slow down. Yet Eq. \(4.1\left(\frac{m_{1}}{m_{3}}=-\frac{\Delta v_{c x}}{\Delta n_{a x}} ight)\) seems to say that,...
-
EmKay Company is divided into two departments for accounting purposes. The direct labor hours and overhead costs for the last year are as follows: What selling price should the company quote on Job...
-
A commercial bank has capital of $5000 and a leverage ratio of 10. If the value of the bank's assets increases by 5%, then its capital has _____ to ______. a. increased / $7,500 b. increased / $5,500...
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
You are a summer associate at a large Wall Street investment bank and your direct supervisor has in-formed you that the Sunglass Hut (the acquirer) has engaged your firm to analyze the prospect of...
-
Provide an example of an asset that bears a negative implicit tax and carefully explain why the asset bears a negative implicit tax.
-
The compensation committee of a large public corporation engages you to help design a tax efficient compensation plan for the current chief executive officer (CEO). In a preliminary interview with...
-
Can you name five types of channels of communication?
-
How would you define your own leadership style? Do you have examples you can share with others on how you lead when called on?
-
Revisit the definition of strategic communication and then review the vignette at the beginning of the chapter. Match the different terms in the definition to the different entities in the vignette.
Study smarter with the SolutionInn App