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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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Land O’Lakes makes a light butter with canola oil that has 60 percent less cholesterol and 50 percent less fat and calories than
nika2105 [10]

Answer: Competitive advantage.

Explanation:

It is the advantage a company has over their competitors that allows them to produce goods and services of the same or even better quality and benefit as their competitors but at lower price level. This is important because it gives a company an edge over their competitors.

Competitive advantage is characterised by customer services, quality product and service, quality braiding, good distribution network.

4 0
3 years ago
How will the depreciation of the Japanese Yen vis-à-vis the USD impact FDI from U.S. into Japan?
ivann1987 [24]

Answer:

Generally, when a currency depreciates, that results in higher foreign direct investment. I.e. if the currency of any country depreciates, investing in that country becomes cheaper for foreign companies, e.g. land, equipment or existing facilities are worth less if the investors brings an appreciated foreign currency.

In this specific case, if the yen depreciates, US foreign direct investment in Japan should increase.

6 0
3 years ago
An individual bank will lose reserves to another bank when a check is written and deposited at the second bank.A) True B) False
ddd [48]

<u>Answer:</u>

False

<u>Explanation:</u>

As our government gave  the right to banks to question any queries regarding another bank details if the transaction is being processed. All the information that are needed from the bank to withdraw the money and deposit the money should be given to analyse whether the person will return the fund on given time. It is useful in getting suitable knowledge about that person and banks can also communicate about the coming problems and what pros and cons they might be facing in coming years so that they can be warned.

3 0
3 years ago
Which of the following are examples of debt overhang? Which examples are likely to lead to a cutback in spending?
kvv77 [185]
The correct answer for the question that is being presented above is this one: "<span>c. Your friend's parents take out a loan to buy her ea condo to live in while she is at college. Meanwhile, the housing market plummets. By the time your friends leaves college, the condo os worth significantly less than the value of the loan."</span>
8 0
3 years ago
Suppose you reside in the Caribbean and purchase exclusive territory rights for a McDonald's franchise. You can construct as man
konstantin123 [22]

Answer:

This is a form of artificial monopoly.

Explanation:

In artificial monopoly a large firm exists with smaller firms in the same market. The large firm does not have a comparative advantage in production efficiency bit still drives the competition out of business.

Large firms use restrictive measures that prevents new form from entering the market. The other type of monopoly is the natural monopoly.

Having exclusive rights to open a MacDonald's in the Carribean where you can construct as many locations as you want is called artificial monopoly. The firm has successfully barred other firms from opening a MacDonald's in the Carribean.

5 0
3 years ago
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