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2 years ago

What factor is usually agreed upon prior to the submission of a purchase order?

Business

1 answer:

tester [92]2 years ago

4 0

Answer:

number of products to be purchased

Explanation:

A purchase order is prepared by a customer and addressed to a trader. The document instructs the trader to supply the customer with the goods stated in the purchase order document.

Before a customer writes the purchase order, an agreement is made on the quantity to be ordered. The trader has to confirm that they have the required quantity in the stores, or it will be availed within a reasonable time.

The price is agreed at the quotation stage. The customer first sends an inquiry, which the customer responds to with a quotation.

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In attempting to become financially organized a person must ?

IgorC [24]

A person must frequently discover the complexity of his or her financial situation.

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2 years ago

Behavioral economists attribute some consumer behavior to the endowment effect. Which of the following is an example of the endo

Andrews [41]

Answer:

B. being unwilling to sell a vase for a price that is greater than the price you would be willing to pay to buy the vase if you didn't already own it

Explanation:

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2 years ago

The par value of a stock:

SCORPION-xisa [38]

Answer:

A) is used to determine minimum legal capital balances at issuance

Explanation:

The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock. The Par Value of common stock is derived by Par value per share * No. of Issued Shares.

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2 years ago

The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freigh

Bas_tet [7]

Answer:

c,d and e

Explanation:

The correct statements given in the options are as stated below:

(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.

This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.

(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.

This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods

(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.

This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery

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2 years ago

The capitalized cost of any investment may be determined using the equation P = A/i where P is the capitalized cost, A is the an

statuscvo [17]

Answer: True

Explanation: The matching principle is used to compute capitalized costs by companies and it records expenses in the same period as the related revenues by matching the cost of an asset to the time periods in which it is used, and is therefore generating revenue.

Capitalized cost is also given as the present worth of cash flows which go on for an infinite period of time. In other words, the worth of cash flows does not leave the company when items are purchased. This is because the monetary value is retained in the form of a fixed or intangible asset.

The capitalized cost of any investment can be determined using the equation, P = A/i. Where P is the capitalized cost, A is the annual amount and i is the interest rate.

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2 years ago