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Nikolay [14]
3 years ago
6

James is a purchasing agent for Peterbuilt and has responsibility for purchasing and stocking MRO employed to maintain Peterbuil

t’s office facilities. James normally automatically reorders from the same vendors when supplies run low. This is an example of what type of organization purchase decision?
Business
1 answer:
bezimeni [28]3 years ago
3 0

Answer: James is a purchasing agent for Peterbuilt and has responsibility for purchasing and to maintain Peterbuilt’s office facilities.

This is an example of  <u>ROUTINE PURCHASE CONDUCT.</u>

Explanation:

Many products are purchased under conditions of <em>low consumer participation </em>and absence of significant brand differences. There is considerable evidence that consumers are little involved in buying most of the <em>low-cost products </em>and that they are <em>purchased frequently. </em> Routine purchases are those made in <em>small quantities</em>, it is characteristic that is to <em>cover the needs</em> with a low risk investment.

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On June ​1, 2018​, High Performance Cell Phones sold $ 25 comma 000 of merchandise to Ackerman Trucking Company on account. Acke
Aleks04 [339]

Answer and Explanation:

The journal entries are shown below:

On June 1

Anthony Trucking Company   $25,000

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(Being the sale of merchandise is recorded)

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Cash  Dr $6,000

   To Account Receivable   $6,000

(Being the cash received is recorded)

On September 5

Bad debt Expense  $18,000

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(Being the bad debt expense is recorded)

On March 5

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Only these journal entries are required

3 0
3 years ago
The impact of interest rate changes in the PV of $100 due in 20 years compared to the PV of $100 due in one year are:
kherson [118]

Answer: c. greater because interest rate changes have a greater impact on distant cash flows than near-term cash flows.

Explanation:

Interest rate changes have a greater impact on distant cashflows because those cashflows will be exposed to the interest rates for longer. This means that they will be subjected to more discounting than a cashflow that is due in one year which would be subject to only a single year of discounting.

For instance, assume the required rate of return for two investments is 10%. One investment yields $10,000 in 20 years and another yields $10,000 in 2 years .

The present value of both are:

= 10,000 / (1 + 10%)²⁰                                                  = 10,000 / ( 1 + 10%)²

= $1,486.43                                                                  = $8,264.46

<em>Notice the difference. The longer term investment was more exposed to interest rate effects. </em>

8 0
3 years ago
The entries for the debit account titles in the "Account Title" column are written
Mice21 [21]

The correct answer is A. about one-half inch away from the left side. This is the format followed in listing down entries of account titles for better readability. This is one way of highlighting the account title column and give emphasis on the accounts falling under the debit category.

8 0
4 years ago
What are different types of expenditure and examples of each
tensa zangetsu [6.8K]
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Capital Expenditure is the amount incurred in acquiring long term assets like land, buildings, equipments (which are used for the purpose of earning revenues). These costs are reflected in the account of Property, Plant and Equipment.

Revenue Expenditure is cost incurred in one accounting year wherein the benefits are also enjoyed in the same period only. It does not increase the earning capacity of the business, instead, it maintains the existing earning capacity of said business. This expenditure is recurring in nature like salaries and wages, selling and distribution expenses.

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6 0
3 years ago
Britney, a teenager, starts her own business of selling cupcakes to coffee shops and restaurants. she strives to increase either
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The contrast to this approach is called <em>market orientation</em>, where the business seeks to understand what the customer wants and needs and believe that the answer to this would mean increased profits and revenue for the company.

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