Answer:
The <u>FIRST STEP</u> of the procure-to-pay cycle is ordering;
Explanation:
The procure to pay cycle is the set of activities required to follow through a buying process in a company, it includes identifying the need, looking for and assigning a vendor, approving the vendor's specifications, receiving the supplies and finally paying the money owed to the vendor. This process consists of five steps:
- ordering
- follow up and expediting
- receipt and inspection
- settlement and payment
- records maintenance
It would be A, since they are practicing efficiency.
Answer:
$18,500
Explanation:
1500 *$50 *6%
= $4500 Preferred Dividend
$4500 *2 years = $9000
$4500 - Amount paid $2,000
= $2500
$21,000 - $2500
= $18,500
Therefore the dividends received by the common stockholders in 2020 will be $18,500
