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Fantom [35]
3 years ago
7

Budd, the purchasing agent for Lake Hardware Wholesalers, has a relative who owns a retail hardware store. Budd arranged for har

dware to be delivered by manufacturers to the retail store on a C.O.D. basis, thereby enabling his relative to buy at Lake's wholesale prices. Budd was probably able to accomplish this because of Lake's poor internal control over _________.A. Purchase requisitions.B. Cash receipts.C. Perpetual inventory records.D. Purchase orders.
Business
1 answer:
Anon25 [30]3 years ago
5 0

Answer:

D. Purchase orders

Explanation:

A purchase order is a document legally binding a buyer and a sellerr. It is the official confirmation of an order.

It entails the details of the items the buyer agrees to buy at a certain price, the delivery date and terms of payment for the buyer.

Purchase orders includes details such as purchase order number, the shipping date, billing address, shipping address, quantities and price.

Purchase orders are used when buyers want to purchase goods from a seller, and helps sellers to track payment. It is prepared by the buyers.

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What must audit firms do to perform financial statement audits for public companies? a. Register with the Public Company Account
TEA [102]

Answer:

a. Register with the Public Company Accounting Oversight Board.

Explanation:

As per the standards of Auditing an auditor has to be registered as an public accounting firm, and then only it can perform audit for public companies.

For this, it has to be registered with PCAOB United States.

where, PCAOB stands for Public Company Accounting Oversight Board.

Therefore, correct option is a.

8 0
3 years ago
Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided ___________.
Natali [406]
Until the mid-1700s, the 13 colonies often had diverse histories and economies, which provided <span>little incentive for them to join together to meet shared goals.
Since these colonies were so different, they didn't have any common cause or a reason to band together so as to achieve such common goals. 
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4 0
3 years ago
In a small open economy with a floating exchange rate, if the government imposes a tariff on foreign goods, then in the new shor
mel-nik [20]

The correct answer is C) imports will decrease and exports will decrease by an equal amount.

In a small open economy with a floating exchange rate, if the government imposes a tariff on foreign goods, then in the new short-run equilibrium: imports will decrease and exports will decrease by an equal amount.

In a floating exchange rate, the currency price of the nation is set by supply and demand. The forex market allows supply and demand to determine the currency exchange rate. The opposite of this situation is a controlled rate in countries where the federal government exert control to the currency.

6 0
4 years ago
In the airline industry, consolidation among fuel providers serving airport facilities would be considered as ____ factor in the
faltersainse [42]

Answer:

The correct answer is letter "C": an increase in the bargaining power of suppliers of a critical input.

Explanation:

Porter's Five (5) Forces is an analysis scheme created by Harvard School Professor Michael E. Porter (<em>born in 1947</em>). The ultimate goal of this analysis is to help managers set their expectations because profitability decreases as competition increases. Three of the five forces relate to industry (horizontal) participants - <em>the threat of substitutes established rivals, and new entrants</em>. The other two relate to the vertical participants - <em>the bargaining of suppliers and consumers</em>.

In the case, as airline fuel suppliers are consolidating, this would represent the bargaining of suppliers factor in Porter's theory. They could joint to decide quantities supplied or even prices.

3 0
3 years ago
Which set of sides will make a triangle
Ymorist [56]
The sum of the lengths of any two sides<span> of a </span>triangle<span> is greater than the length of the third </span>side<span>.</span>
3 0
4 years ago
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