The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called purchasing
What is the purchasing means?
Purchasing is the organized acquisition of goods and services on behalf of the buying entity. Purchasing activities are needed to ensure that needed items are obtained in a timely manner and at a reasonable cost.
What are the 3 types of purchasing?
There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement
Why is purchasing important?
Purchasing is generally responsible for spending more than 50 percent of all the revenues the firm receives as income from sales. More money is often spent for purchases of materials and services than for any other expense, and the spend in services is rapidly increasing.
Learn more about purchasing:
brainly.com/question/15206922
#SPJ4
True because it is a liability with a normal debit balance
Answer:
$3,750
Explanation:
(142,500-100000)*50% = 21,250
25,000-21,250 = $3,750
Answer:
To get a somewhat detailed report of how your business is doing.
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. If you get a SWOT analysis, then you're learning the strengths, weaknesses, opportunities, and threats of your business. You then can use the analysis to change your business based on what your analysis says.
Answer:
Explanation:
The amount that should be reported as accrued interest payable for this note would be calculated as:.
= 4,000,000 × 10% × 9/12
= 4,000,000 × 0.1 × 0.75
= 300,000
The amount should be $300,000.
