Answer:
This re-establishes the industry/DoD exchange of Logistics Support Analysis Record (LSAR) data in a common format:
a. GEIA-STD-0007
Explanation:
The GEIA-STD-0007 standard is designed to provide users with a uniform set of data tags for all or portions of logistics product. It can be used by government establishments and businesses. The standard defines logistics data generated during the requirement definition and design of an industry or government system, as part of the Logistics Support Analysis Record (LSAR), in a common format.
Modified rebuy
A company buyer is involved in a modified rebuy situation when they choose to alter parameters, such as quality or choices, for previously purchased goods.
MODIFIED REBUY - It is a purchasing scenario in which a person or business purchases items that have already been acquired, but modifies either the supplier or another aspect of the prior order. when a business is able to save a ton of time thanks to modified rebuy, businesses keep lists of supplies and goods that can be repurchased from the same source or another supplier from a pre-approved list who has already been on board and is familiar with the requirements. This modification indicates adjustments made to the supplier's or the client's needs.
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Answer:
Entries are given below
Explanation:
The entry that should be made on January 1 would be
Cash 501,600(w1) Debit
Premium on bonds 61600(w2) Credit
Bonds payable 440000 Credit
<u>Working 1 </u>
Cash proceeds = $440,000/100 x $114
Cash proceeds = $501600
<u>Working 2 </u>
Premium = selling price of bond - Face value of the bond
Premium = $501,600 - $440,000
Premium = 61600
Answer:
Note receivable is a written promise by a supplier agreeing to pay a sum of money in the future.
While
Account receivable is the funds owed by the customers.
