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2 years ago

The document that the purchasing department prepares and sends to the vendor to place an order is:

Business

2 answers:

oee [108]2 years ago

6 0

Answer: (B) Purchase order.

Explanation: The purchase order is a document used to formalize a purchase, which must have all the characteristics or details of it, such as the date of purchase, payment terms, name of the buyers, among others. These purchases can be cash (0 days) or a credit (30-90 days) to determine the agreement that the company has with its suppliers.

vagabundo [1.1K]2 years ago

3 0

Answer:

The correct answer is letter "A": Purchase requisition.

Explanation:

A purchase requisition is a document used to facilitate a product or service transaction as part of the accounting process. For stock purchases or production equipment, procurement specifications can also be used to create products for resale. Purchase requisitions are typically used by government agencies to authorize expenses.

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Compute cost of goods sold for 2015 using the following information. Finished goods inventory, Dec. 31, 2014 $ 345,000 Work in p

lord [1]

Answer:

$991,300

Explanation:

Given that,

Finished goods inventory, Dec. 31, 2014 = $345,000

Work in process inventory, Dec. 31, 2014 = $83,500

Work in process inventory, Dec. 31, 2015 = $72,300

Cost of goods manufactured, 2015 = $918,700

Finished goods inventory, Dec. 31, 2015 = $283,600

We need to calculate cost of goods manufactured first.

Cost of goods manufactured:

= Cost of goods manufactured, 2015 + Beginning work in process inventory - Ending work in process inventory

= $918,700 + $83,500 - $72,300

= $929,900

Cost of goods sold for 2015:

= Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory

= $345,000 + $929,900 - $283,600

= $991,300

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3 years ago

Saul and Pepper have been friends since kindergarten. Both Saul and Pepper have good part-time jobs. Pepper deposits a portion o

ella [17]

Answer:

1. Both IOUs pay out the same amount of money ($107)

2. Saul’s loan from Pepper is less risky

3. Yes, Pepper should lend Saul the money. Yes, John should lend Jackson the money

Explanation:

1. Let calculate the amount of money to be paid on each IOU:

At the end of one month, Saul's IOU = $ (100 + 100 * 0.07) = $107

Saul pays back $107 to Pepper at the end of one month

At the end of three months, Jackson's IOU = $ (100 + 100 * 0.07) = $107

Jackson pays back $107 to John at the end of three months

Hence, both Saul and Jackson pay the same amount on their IOUs

Whilst both IOU of Saul and Jackson pay out the same amount, they do so under different time durations. Saul’s IOU to Pepper pays out the amount of money in a shorter duration of time (one month) as compared to that of Jackson which takes three months.

2. Saul's loan from Pepper is less risky. This is because Saul and Pepper have been friends for a verl long time (since kindergarten); that's ample time to have known one another. There is little to no surprise to be displayed between them as they pretty much know all there is to know about one another. This stands in contrast with Jackson with whom John recently became friends; although he has a reputation of being reliable but there is still a greater decree of uncertainty about him since its a new friendship. For example, Jackson could default on his IOU agreement.

On the other hand, while Saul's loan from Pepper is to be payed back in one month, Jackson's loan from John is to be returned over a time span of three months. This gives Jackson more time to spread out repayment much more conveniently than Saul but then again, that's what Saul spends most of his income on.

Saul is taking the loan to advance his investment in his baseball collection which could yield more income for Saul

Hence, overall, Saul's IOU seems less risky

3. Yes, Pepper should lend Saul the money. Asides the fact that they have been friends for over a decade (at the least), Saul already spends his income on building his baseball card collection anyway. It's a win-win for both party; Saul gets the satisfaction of adding an extra valuable card to his collection while Pepper gets the satisfaction of getting an extra $7 from her loan to Saul which she can add to her savings.

Yes, John should John lend the money to Jackson. Jackson already has a strong work and office etiquette which is evident by his reliability. Furthermore, if all goes as agreed, John and Jackson's new friendship could be further deepened and strengthened.

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2 years ago

Suppose a city that operates local electric and natural gas companies wants to raise revenues by increasing its rates for electr

leva [86]

Answer: Inelastic

Explanation:

Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.

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2 years ago

A manufacturer replenishes their packaging materials according to the economic order quantity model. They use 25,000 cases of pa

Sergio [31]

Answer:

$300,000 in total, $6000 per order

Explanation:

25,000/500 = 50

50*12=600

500*12=6000

50*6000=300000

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