The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.
Explanation:
The main purpose of strategic sourcing is to save money, acquisition process, supplier performance, and minimizing risk.
Based on the seven steps the strategic source processing is performed. They are profile the category means that it defines the categories and commodities in it.
The second step is supply market analysis describes about the cost components of the products or service. Develop the strategy is the next step in which decides where to buy while minimizing risk and cost and how to develop sourcing strategy. The next step is selecting source process which is used as a request for proposal process.
Then negotiate and selection suppliers is used to conduct multiple rounds of negotiation to get a shortlist.
The sixth step is implement and integrate are used for implementation process. The final step is benchmark and track results is the key element for sourcing process.
Answer:
an act of breaking the terms set out in a contract.
Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:
Assets
=
Liabilities
+
Equity
Assets=Liabilities+Equity
With a double entry system, credits are offset by debits in a general ledger or T-account.
So debit is the answer
Answer:
19.82%
Explanation:
Midpoint method = Q2 - Q1 / [(Q2 + Q1) / 2] / P2 - P1 / [(P2+P1) / 2]
3.33 = 2000 - 1000 / [(2000 + 1000) / 2] / P2 - P1 / [(P2+P1)/2]
3.33 = 0.66 / (P2 - P1) / [(P2+P1)/2]
By cross multiplying we have
0.66 = 3.33 [ (P2 - P1) / [(P2+P1)/2]
divide both sides by 3.33
19.82% = The mid point change in price.
Answer:
The interest expense company recorded during Year 2 on the 7% debentures is $27,535,600
Explanation:
As the interest expense is different from the interest payment made on the debenture. It also includes some other costs. Effective interest rate includes the effects of all related costs of debentures. So the interest expense of a debenture will base the effective interest rate of the debenture.
We can calculate the Interest expense on 7% debtures as below
Interest Expense = Value of Debenture x Effective interest rate
Interest Expense = $188,600,000 x 14.6%
Interest Expense = $27,535,600
