Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Problem 5-4 [LO 5-5, LO 5-6] Skip to question Beach Cities Rentals rents almost anything. They rent tools, equipment, trucks for everything from

Required information

Problem 5-4 [LO 5-5, LO 5-6]

Skip to question

Beach Cities Rentals rents almost anything. They rent tools, equipment, trucks for everything from home remodeling projects to major construction projects. They also rent office equipment, such as desks, file cabinets, chairs, tables, and office dcor items. Finally, they rent furniture for short term home staging or long-term use. They have become well known in the area for having what their customers want. Construction companies, contractors, real estate agents, office managers, and individual homeowners and renters all rely on Beach Cities to have what they need in stock. The following case describes Beach Cities processes for renting its inventory to customers:

Rental inventory and inventory categories

Beach Cities categorizes its inventory by the type of inventory. Each inventory item is identified internally by the inventory number (retail inventory #) and categories are tracked by inventory category number (inventory category #). The inventory category # serves as Beach Cities catalog number for its catalog and website. For example, Beach Cities catalog could list executive desk chairs (category number 420), but internally it tracks each individual desk chair in inventory.

Contracts

Because Beach Cities is so popular with a variety of organizations, such as construction companies, major contractors, real estate agents, office managers, and others in the area, it regularly negotiates contracts for equipment rental. The contracts give customers special considerations, such as delivery of equipment to the customers location, waiver of the requirement for advance deposit, and priority reservations. Contracts can specify that the customer will pay a premium over the regular rental prices to receive special services or they can specify whether the customer will receive volume discounts over the regular rental prices. Contracts dont apply to specific inventory items or categories of inventory items. Instead, they obligate the customer to a minimum dollar commitment for rentals over the period of the contract as well as the percentage premium or discount on the standard rental costs. Some customers negotiate multiple contracts depending on their needs, but each contract is established separately.

Reservations, rental tickets, and delivery

Beach Cities customers must make rental reservations in advance. Each reservation applies to one or more categories of items to be rented on some future date or dates. Customers under contract must specify which contract number applies when they make the reservation. At the time of each specific rental, a Beach Cities employee prepares one rental ticket for each item that the customer rents. The rental ticket notes the time that the rental started and the amount of deposit on the item (if the rental is not under contract). Generally, Beach Cities requires a 25% deposit at the time of the rental, but that amount is negotiable and is usually waived for customers with contracts (depending on the specific terms of the contract). For an extra charge, Beach Cities delivers the items to the customers location, using its own delivery trucks. It tracks which truck is used for each rental ticket. It tracks its inventory of delivery trucks separately from its rental inventory. When the customer returns the rental items (or Beach Cities picks them up), a Beach Cities employee updates the rental tickets with the rental end time and calculates the charges applicable to each rental ticket. The customer must pay for the remainder of the charges at that time, including delivery charges and contract premium charges. If the customer rented multiple items, the customer can pay for all rental tickets with one check.

Other information

Beach Cities classifies its customers by customer type for planning purposes. Beach Cities records information about all agents, resources, and type images before they are linked to other entities. It tracks all employee information in one employee class.

Required:

Use the information above and a list of attributes below to develop UML class models and a corresponding table listing for Beach Cities sales process. Then, fill in the missing information on the model and tables provided.

UML Class Diagram

Problem 5-4 Part 1

Required:

1. Select from the following options for the missing information in the UML class diagram above.

  1. Customer types
  2. Inventory categories
  3. Rental tickets
  4. Delivery trucks
  5. Cash disbursements
  6. Purchases
  7. Cashiers
  8. 0..1
  9. 1..1
  10. 0..*
  11. 1..*

Enter the letter for the correct option for missing information in the UML class diagram here.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Safety Health And Environmental Auditing A Practical Guide

Authors: Simon Watson Pain

1st Edition

1439829470, 978-1439829479

More Books

Students also viewed these Accounting questions

Question

x-3+1, x23 Let f(x) = -*+3, * Answered: 1 week ago

Answered: 1 week ago

Question

b. Why were these values considered important?

Answered: 1 week ago