Daisy's Dollar Store (DDS) is a small retail enterprise that purchases inventory at low prices (typically 65 cents per item) and sells the inventory at not quite so low prices (typically $1 per item). Goods are purchased in bulk quantities from wholesalers who specialize in dollar store merchandise. Services such as utilities are purchased from other suppliers. DDS is family-owned but has had to borrow money from its bank at several points in time. Because DDS is family-owned and operated, the attitude is "we'll just do whatever it takes to make the business work" and they have decided not to track labor at any level of detail. DDS always repays its loans and is a profitable business. Goods are sold to customers who come into the store and select the merchandise from the display racks. DDS does not advertise; it has a prime location in a high traffic area and generates plenty of business without advertising. Customers are required to pay cash; no checks or credit cards are accepted. DDS does not "hold" items; everything is sold on a first come-first served basis.
Required:
Create a value system level REA model for Daisy's Dollar Store

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The Answer of Daisy's Dollar Store (DDS) is a small retail enterprise that purchases inventory at low prices (typically 65 cents per item) and sells the inventory at not quite so low prices (typically $1 per item). Goods are purchased in bulk quantities from wholesalers who specialize in dollar store merchandise. Services such as utilities are purchased from other suppliers. DDS is family-owned but has had to borrow money from its bank at several points in time. Because DDS is family-owned and operated, the attitude is "we'll just do whatever it takes to make the business work" and they have decided not to track labor at any level of detail. DDS always repays its loans and is a profitable business. Goods are sold to customers who come into the store and select the merchandise from the display racks. DDS does not advertise; it has a prime location in a high traffic area and generates plenty of business without advertising. Customers are required to pay cash; no checks or credit cards are accepted. DDS does not "hold" items; everything is sold on a first come-first served basis.
Required:
Create a value system level REA model for Daisy's Dollar Store

Daisy's Dollar Store (DDS) Is a Small Retail Enterprise That