Answer:
$56,600.00
Explanation:
The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:
amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)
ending balance of equipment is $304,700
beginning balance is $341,200
cost of equipment sold is $93,100
amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00
Answer:CPI, GDP Deflator
Explanation:CPI(consumer price index) is a macroeconomic measure used to determine the level of inflation in countries like the United States of America.
GDP Deflator is also a macroeconomic measure that measures the price level of all the new products produced domestically within a country in a specified year or period.
Both GDP DEFLATOR AND CPI ARE VERY USEFUL IN DETERMINING THE PERFORMANCE OF AN ECONOMY AS GDP DEFLATOR MEASURES DEFLATION,CPI MEASURES PRICE INFLATION IN A SPECIFIC OR BASE YEAR UNDER REVIEW.
Answer:
Inquiry Letter
Sometimes a business can send this to a supplier to find out if they have a certain good in stock.
Purchase Requisition
This is a document used by a department in a company to request that those in charge of procurement acquire some goods for them.
Quotation
This is a document sent by a supplier to the prospective buyer informing them of the goods they have and their selling price.
Purchase Order
This is the document that shows a formal request for goods from a supplier.
Delivery Note
This is used to confirm that the buyer has received the goods they ordered. The buyer will typically sign this document to confirm receipt.
Invoice
A supplier prepares and sends this to the buyer to show them the goods they ordered and the prices so that the buyer knows how much they owe.