You Are Hired by a Consulting Company to Assist in Creating

question 55

Essay

You are hired by a consulting company to assist in creating an accounting system for a company that sells exclusively online. List the fields needed for the Customer table and the Inventory table. Identify the primary key in each table.

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Definitions:

Beginning Inventory

The value of goods available for sale at the start of an accounting period.

Administrative Expense

Expenses that are not directly tied to the production of goods or services, including salaries of executive officers, legal and office expenses.

Sales Commissions

Financial compensation paid to sales representatives, usually a percentage of the sales they generate, as an incentive to increase sales performance.

Indirect Labor

Labor costs of employees who support the production process but are not directly involved in the active production of goods or services.