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3 years ago

What is the difference between an invoice and a purchase order?

Business

1 answer:

Snowcat [4.5K]3 years ago

5 0

Answer:

C. An invoice is provided to the customer by the business and a

purchase order is filled out by the customer.

Explanation:

An invoice is a business document prepared by a business, addressed to a customer to claim payments for goods sold or services provided. It contains the details of the merchandise or services offered, their prices, any discounts, taxes due, and the total amount to be paid. Customers are expected to make payments against invoices presented within an agreed period.

A purchase order is a document prepared by a customer, addressed to a business detailing the goods or services that the customer has decided to purchase. A purchase order instructs an enterprise to supply a customer with the stated products or services.

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You are considering a savings bond that will pay $ 100 in 9 years. If the interest rate is 1.9 %, what should you pay today for

Dmitrij [34]

Answer:

You should pay $84.42 today for the bond.

Explanation:

bond price = value of bond/[(1 + interest rate)^number of years]

= $100/[(1 + 1.9%)^9]

= $100/(1.185)

= $84.42

Therefore, You should pay $84.42 today for the bond.

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3 years ago

Will feckless unexpectedly inherits $10,000 from a rich uncle. he is observed to consume fewer hamburgers than he used to.

daser333 [38]

<span>This would show that Will does not have a homothetic preference for hamburgers. Such preferences are shown to not be effected by income or scale, and since Will has changed his eating preferences based upon this new source of income, such a description would not fit this good.</span>

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3 years ago

Simon, the CEO of a consumer electronics firm, receives a huge positive response from the industry experts and consumers for int

Anastasy [175]

Answer:

creative

Explanation:

He could either be a humble, extroverted, born or creative leader. From these options the most intuitive answer would be that he is a creative leader given that he has introduced "breakthrough technologies" in the companies products which would only be possible through a great amount of initiative and creativity.

The term "breakthrough technologies" is the key word in answering this question as it refers to innovation that has never been seen before. Thus, it would require a great deal of creativity to think of and successfully introduce and implement into a company.

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3 years ago

On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders us

Lera25 [3.4K]

Answer:

Option (b) is correct.

Explanation:

Given that

Amount of merchandise purchased = $5,800

Credit terms = 2/10 and n/10

Using a perpetual system and gross method,

Therefore, the Journal entry is as follows:

On May 1,

Merchandise inventory A/c Dr. $5,800

To accounts payable $5,800

(To record the purchase of merchandise on account at May 1)

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3 years ago

Mountain Foods is developing a new line of fruit-flavored salsas. It hires a firm to give away samples of salsa to customers and

Elza [17]

Answer:

Test marketing

Explanation:

Product development process are the steps involved in taking a concept, creating a product, and making it available to the final consumer.

The test marketing step of the product development process that entails release of limited amount of a product to the consumer to gauge consumer response.

It is a marketing strategy the occurs with or without the consent of the consumer.

In the give scenario Mountain Foods gives away samples of salsa to customers and gather feedback on their perceptions of the product. Three different products will be given away in three specific markets: peach salsa in Georgia, cherry salsa in Michigan, and orange salsa in Florida.

This is test marketing.

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3 years ago