When You Are Given a Set of Tables and Asked

question 5

Multiple Choice

When you are given a set of tables and asked to create a database to store their data,the first step is to ________.

• A)assess the existing tables' structure and content
• B)design the database structure
• C)create one or more new tables
• D)move the data into the new database
• E)design the applications that will use the database

Recognize the impact of sales discounts on cash collections and how they are recorded.

Understand the net cost calculation of goods when payment is made within the discount period.

Grasp the treatment of freight costs and their implications on seller's and buyer's accounting records.

Understand how sales returns, allowances, and discounts are accounted for and their impact on financial statements.

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Definitions:

Cost of Equity

The return a company requires to decide if an investment meets capital return requirements, often used in the capital asset pricing model to determine the risk-adjusted costs of financing.

Pre-tax Cost

The cost of an investment or expense before the effect of taxes is taken into account.

Flotation Costs

The expenses incurred by a company in issuing new securities, including underwriting, legal, and registration fees.