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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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A transaction in which things of value are traded by buyers and sellers

cluponka [151]

<span>Barter. Things of value are directly exchanged between a buyer and a seller without the involvement of money or other financial instruments. It is the simplest and oldest form of trade where a transaction is merely an exchange of one thing for another.</span>

3 0

2 years ago

Marketing cannot be successful if the product is not what the customer wants or if the quality is low.

makvit [3.9K]

The answer it true.

8 0

3 years ago

Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last thr

Semmy [17]

Answer:

a. (i) $1.40

(ii) $190,000

b. $3,410,000

Explanation:

The computation of fixed cost of maintenance annually and the variable cost of maintenance per visitor is shown below:-

a. (i) Variable cost per visitor = (Maintenance cost at highest number of visitors - Maintenance cost at lowest number of visitors) ÷ (Highest number of visitor - Lowest number of visitor)

= ($3,830,000 - $2,773,000) ÷ ($2,600,000 - $1,845,000)

= $1,057,000 ÷ $755,000

= $1.40

(ii) Fixed cost of maintenance = Total costs - Variable cost at that level

= $2,773,000 - $1,845,000 × $1.40

= $2,773,000 - $2,583,000

= $190,000

b. The computation of estimated maintenance costs is shown below:-

Estimated maintenance costs = Fixed costs + Variable cost per visitors × Number of visitors

= $190,000 + 2,300,000 × $1.40

= $190,000 + $3,220,000

= $3,410,000

6 0

3 years ago

The diagram shows an aspect of fiscal policy.

storchak [24]

Answer

C. The government spending to strengthen the economy

Explanation

The fiscal policy is applied by the government to influence the economy through adjusting revenue and spending levels. The Fiscal policy is applied with the monetary policy to give a direction of the economy and reach the set economic goals. In this case, taxation and money transfers has been applied.

6 0

3 years ago

Read 2 more answers

Welfare analysis: Basic concepts Identify whether each of the following statements best illustrates the concept of consumer surp

lianna [129]

Answer:

I sold a used laptop for $139, even though I was willing to go as low as $130 in order to sell it - producer surplus PRODUCER SURPLUS

Even though I was willing to pay up to $147 for a watch and even though the seller was willing to go as low as $137 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of watches. - neither NEITHER

Even though I was willing to pay up to $47 for a jersey sweater, I bought a jersey sweater for only $39. - CONSUMER SURPLUS

Explanation:

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell the product.

In this question, the producer surplus is $139 - $130 = $9

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

In this question, the consumer surplus is $47 - $39 = $8

I hope my answer helps you

3 0

3 years ago