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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:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income.

Perpetual Inventory System

A procedural method in inventory accounting that directly records every inventory sale or purchase with the aid of computerized point-of-sale systems and enterprise asset management software.

Sales Tax

A tax on sales or on the receipts from sales.

Credit Memo

A document issued by a seller to a buyer, reducing the amount owed, often due to a return or overcharge.