Remittance advice from their monthly statements

Assignment Help Operation Management

Reference no: EM131128432

Using the following case study, draw a physical flow data diagram:

Fred's Electrical, Inc. sells electrical parts to electrical contractors in the northwestern United States. Fred's customers mail their payments - attached to the stub(ie: remittance advice [RA]) from their monthly statements - to Fred's accounts receivable (AR) office. An AR clerk confirms that the check amount agrees with the amount on the RA and sends the checks to the cashier. The AR clerk prepares batch totals of the customer numbers, invoice numbers, and amount paid. The AR clerk then enters the batch totals and RAs into the computer, where the AR master data are updated to record the payment. The computer reconciles the batch totals, confirms job completion, and reports discrepancies, if any, to the AR clerk.

Reference no: EM131128432

Questions Cloud

Should robots be held to the same moral standards as humans : Should robots be held to the same moral standards as humans? As technology advances, should robots become a source of moral worry? How much privacy should we demand at work? What are legitimate kinds and methods of monitoring employees?

Construction contract between state 0 and contractor c : In a public construction contract between state "0" and contractor "C", the contract stated that the unit price for rock excavation will apply to all rock removed above or below these quantities. C was required to include 1,000 cubic yards of rock ex..

The efficiency of the geologist sampling service : Oil Co. must determine whether or not to drill for oil in the South China Sea. It costs $200,000 to drill; and if the oil is found the net value is estimated to be $900,000. At present, Oil Co. believes there is a 40% chance that the field contains o..

Remittance advice from their monthly statements : Fred's Electrical, Inc. sells electrical parts to electrical contractors in the northwestern United States. Fred's customers mail their payments - attached to the stub(ie: remittance advice [RA]) from their monthly statements - to Fred's accounts rec..

Identify a problem in your current job or previous job : Identify a problem in your current job or a previous job, such as inadequate use of technology, inefficient procedures, spotty customer service, poor product quality, low morale, or a personnel problem. Assume your boss agrees with your criticism and..

Reduce their material cost of producing units : Assume that your R&D team has a new design for their product Able next round that can reduce their material cost of producing units from $8.59 to $7.73. They pass on half of all cost savings by cutting the current price to customers. For simplicity: ..

What would be the estimated demand on quarter : Gamboa Log needs your group help to forecast its services demand for next quarter. The company provided your group the shown history of its service demand, in dollars terms. Your group has three models in mind that could help Gamboa Log estimate the ..

User Account

All Pages