Bumble Beasley Wanted to Create Three Database Tables for the Information

question 51

Essay

Bumble Beasley wanted to create three database tables for the information items shown below: supplies table, purchases table and purchases/supplies table.Apply the principles of normalization to show how he should organize them.Specify primary keys by underlining and foreign keys with bracket
"As of" date for beginning inventory
Beginning quantity on hand
Cost per unit purchased
Cost per unit-beginning inventory
Item description-office supplies
Office supplies item number
Purchase date
Quantity purchased
Transaction number
Vendor ID

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Definitions:

Percentage of Receivables

A method used to estimate the amount of receivables that will not be collected by calculating a percentage based on historical data.

Key Parties

Key parties refer to the main individuals or groups involved in a specific area of business, such as stakeholders in a project or transaction.

Note

A financial document that represents an agreement for one party to pay another by a certain date, often used to denote debt.

Receivables Owners

Individuals or entities that are entitled to receive payments from customers or clients for goods delivered or services provided.