Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Continue with Innovius, the small software solutions company which specializes in web design and small business applications development. Use the following summary of the Revenue
Continue with Innovius, the small software solutions company which specializes in web design and
small business applications development. Use the following summary of the Revenue cycle to
complete the requirements below.
New software projects at Innovius are handled by a sales consultant in the sales
department who enters the software project order information into the project tracking
system. This information about each software project in the project tracking system
database is accessed and viewed by the software developers who work on and complete
the projects. The software project is not delivered to the customer until the entire project
is complete. Upon completion of the software project, it is delivered and installed by a
technical consultant.
When a new software project order is received, the customer sends a downpayment of
of the expected project cost. Upon completion, delivery, and installation of the
software project, the customer receives an invoice for which the first payment is due
within days. The customer may then make equal installment payments of each
due days, days, and days, respectively. Innovius does not utilize monthly
statements, and each software project is billed with a separate invoice. All customer
cash receipts are processed by a cash receipts clerk and are deposited on a daily basis in
the checking account.
Using the information provided for Innovius prepare an REA Data Model for the Revenue Cycle,
including cardinalities using the guidelines and appropriate symbols as described in Chapter of the
textbook. The REA model should be wellformatted, easy to follow, and include appropriate cardinality
notations. Prepare the REA model using LucidChart submit as a pdf file ALSO, create the appropriate
table structures Chapter which would be implemented in a relational database for this model. See
the stepbystep guidelines on how to create an REA model in Lucid Chart with cardinalities and how to
add the tables in LucidChart. The tables should be included in the same pdf file with the REA model.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started