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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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4. Problems and Applications Q4 A price change causes the quantity demanded of a good to increase by 12%, while the total revenu

Klio2033 [76]

Answer:

False

Explanation:

Demand is inelastic

Demand is inelastic if a change in price has little or no effect on quantity demanded. The coefficient of elasticity is less than one because the percentage change in price is greater than the percentage change in quantity demanded

If demand is inelastic and prices fall, the quantity demanded would rise. But the rise in quantity demanded is less than the price reduction. Therefore, total revenue would fall.

I hope my answer helps you

6 0

4 years ago

Payment is received from customers who were billed earlier for services provided for them. For this transaction, identify the ef

Nina [5.8K]

Answer:

b.There is no effect on the accounting equation as one asset account increases while another asset account decreases.

Explanation:

On billing the customer, sales account would have been credited and accounts receivables debited.

On payment by the customer, accounts receivables would be credited and cash account debited.

Hence there will be no increase/decrease in asset as cash and receivables would nil off.

As such, the right option is b.There is no effect on the accounting equation as one asset account increases while another asset account decreases.

4 0

3 years ago

Carter's preferred stock pays a dividend of $1.40 per quarter. If the price of the stock is $69.00, what is its nominal (not eff

anygoal [31]

Answer:

Carter's preferred stock nominal annual expected rate of return is 8.12%.

Explanation:

Nominal annual expected rate of return of a preferred stock can be described as the current or unadjusted rate of return of the stock.

The nominal annual expected rate of return can be calculated as follows:

Nominal annual expected rate of return = Annual preferred stock dividend per share / Preferred stock price ............. (1)

Where;

Annual preferred stock dividend per share = Dividend per quarter * 4 = $1.40 * 4 = $5.60

Preferred stock price = $69.00

Substituting the values into equation (1), we have:

Nominal annual expected rate of return = $5.60 / $69.00 = 0.0812, or 8.12%

Therefore, Carter's preferred stock nominal annual expected rate of return is 8.12%.

3 0

3 years ago

When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a ___ s

spin [16.1K]

They are using the market niche strategy.

7 0

4 years ago

McConnell Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, a par value of $1,000, and a cu

muminat

Answer:

6.52%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

As per Given Data

Face value = F = $1,000

Selling price = P = $1,036

Number of periods = n = 16.5 years x 2 = 33 periods

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

As we have the YTM, We need to calculate the Coupon Payment using YTM formula.

6.3% = [ C + ( $1,000 - 1,036 ) / 33 ] / [ ( $1,000 + 1,036 ) / 2 ]

6.3% = [ C - $1.09 ] / $1,018

C - $1.09 = $1,018 x 6.3%

C - $1.09 = $64.134

C = $64.134 + 1.09 = $65.224

Coupon Rate = 65.224 / $1,000 = 0.065224 = 6.5224%

3 0

3 years ago