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Case Based Critical Thinking Questions

question 63

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Case Based Critical Thinking Questions
Brij has just been promoted to Marketing Manager of a non-profit organization responsible for soliciting over three million dollars in donations annually. His company solicits donor information from local chapters of the non-profit organization. Brij decides to create an Access database that will allow him to keep all donor information in one database and create reports as well as marketing documents using the database. Based on your knowledge of importing and sharing Access data, answer the questions below.
-Brij has contacted each local chapter of the non-profit organization and asked for local donor information. Some local chapters use Excel to record the information, some use Access, and some use other database or spreadsheet applications. To streamline the import process, Brij has asked each local chapter to send him the information in a(n) ____ document that is well suited for data exchange among many different programs.

Definitions:

Net Collection Float

The difference between check deposits recorded in the book balance and the amount of checks that have actually been cleared or credited to the bank account.

Outstanding Cheques

Cheques issued by a company that have not been deposited or cashed by the recipient by the end of the accounting period.

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its price, reflecting the ability of a company or individual to meet immediate and short-term obligations.

Precautionary Motive

The desire to hold cash or other liquid assets to meet unexpected needs and financial emergencies.