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gavmur [86]
3 years ago
11

Fred is the purchasing manager at Marc's Auto Body and places orders for routine products such as office supplies and items need

ed for service and repair of vehicles. He typically purchases tools from the Snap-on dealer and orders a variety of nuts, bolts, and hardware from Grainger. He really likes purchasing from Grainger since he can utilize their website where he has an intranet portal to easily place orders and receive a company discount. Grainger makes it easy and convenient as well by providing a list of previously purchased items that Fred can select and simply click "reorder."
What type of purchase process does Fred use when buying these items from Grainger?

A) ​Straight rebuy
B) ​Modified rebuy
C) ​New-task purchase
D) Contracted purchase
Business
1 answer:
prohojiy [21]3 years ago
8 0

Answer:

A) ​Straight rebuy

Explanation:

Based on the information provided within the question it can be said that the purchasing process that Fred is using is called a Straight Rebuy. In a business context, this term refers to ordering supplies for the first time or as a reorder from a supplier from an approved list . This list contains suppliers that have been approved due to ease of use, good quality products, or low prices. Which in this case Grainger has all of these traits, which is why Fred prefers them.

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Answer:

E) General journal

Explanation:

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For example, the journal record for this transaction should be:

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4 years ago
Neil places an advertisement for his pastry shop, Neil's Pastries, in the local newspaper. He includes his phone number, website
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Answer:

Multichannel marketer

Explanation:

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3 years ago
Calculating Earnings per Share Little, Inc., reported earnings of $162,000 for 2013, and at the end of the year, had the followi
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Answer:

(a) Basic earnings per share = $2.70 per share

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Explanation:

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Where;

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

Basic earnings per share = $162,000 / 60,000 = $2.70 per share

(b) Calculate the diluted earnings per share for Little, Inc. for 2013. Round to two decimal places.

Diluted earnings per share = Earnings / (Number of shares of common stock +  Number of common shares for employee stock options) ............ (2)

Where;

Earnings = $162,000

Number of shares of common stock = 60,000

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Substituting the values into equation (2), we have:

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5 0
3 years ago
Read 2 more answers
Because it denotes a high price relative to the prices of competing products, ______ is sometimes called a "market-plus" approac
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Answer:

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because it denotes a high price relative to the prices of competing products. this strategy works best when demand is greater than supply.

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Exercise 4-2A Effect of inventory transactions on journals, ledgers, and financial statements: Perpetual system LO 4-1 Dan Watso
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Answer:

Explanation:

a. General Journal    

1

Dr Cash $27,500

Cr Common Stock  $27,500

2

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Cr Cash  $22,000  

3

Dr Cash $ 30,500

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4

Dr Cost of goods sold $ 15,600

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c)

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Gross Margin $ 14,900

d)

Cash Flow from Operating Activities:    

Purchase of Inventory ($22,000)    

Cash Sales made $ 30,500

Cash Flow from Operating Activities $8,500

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4 years ago
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