In reviewing the purchase request package, you should ensure funding is available and required approvals and certifications have been obtained.
<h3>What is
funding?</h3>
The act of providing resources to finance a need, program, or initiative is known as funding. While this is normally in the form of money, it can also be in the form of an organization's or company's work or time.
Asset financing is the borrowing or lending of money using a company's balance sheet assets, such as short-term investments, inventory, and accounts receivable. The corporation borrowing the funds is required to give the lender a security interest in the assets.
Retained earnings, borrowed capital, and equity capital are the primary sources of finance. Retained earnings from business operations are used by companies to expand or deliver dividends to shareholders. Businesses generate capital by either borrowing from a bank privately or going public.
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I would say 4
Hope this helps!!
Answer:
d.how frequently during the year the accounts receivable are converted to cash
Explanation:
The formula to compute the account receivable turnover is shown below:
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
The Average accounts receivable would be
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
This ratio derives that how much frequently is there for converting the account receivable to cash
hence, the correct option is d.
Answer:
that is my answer hopes it helps you
Explanation:
i say the Accounts playable and the bank
Answer: 27.28 units
Explanation:
From the question, we are told that a company wants to determine its reorder point (R) and that demand is variable and they want to build a safety stock into R. We have also been given the information that the company wants to have a service level of 95 percent and that average daily demand is 8, lead time is 3 days and the standard deviation of demand during lead time is 2.
It should be noted that a service level of 95% will have a desired z score of 1.64. To get the desired value of R, we multiply the average daily demand by the number of the days in lead time and then add to the multiplication between the standard deviation during the lead time and the desired z score. Mathematically, this will be expressed as:
= (8 × 3) + (2 × 1.64)
= 24 + 3.28
= 27.28
Therefore, the desired value of R = 27.28 units
