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serious [3.7K]
4 years ago
12

The purchasing function is one of the most value-enhancing functions in any organization, and therefore, it is not necessary to

periodically monitor the purchasing function’s performance against a set of standards or industry benchmarks
A) True
B) False
Business
1 answer:
Brums [2.3K]4 years ago
5 0

The Purchase function should be periodically monitored, so the given statement is false.

Option B.

<u>Explanation:</u>

Purchasing, one of the strategic functions of a firm is the process of acquiring the inventories or raw materials that a company requires to operate on or manufacture the final products. Since it has direct impact on the cost of the production, the purchase that every concern makes has to be rational.

When it comes to monitoring, there must be a periodical measurement of the purchasing function or performance as this plays a significant role in the supply chain of the whole production process.

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These are selected account balances on December 31, 2015. Land (location of the office building) $100,000 Land (held for future
lara31 [8.8K]

Answer:

$1,125,000

Explanation:

The total amount of property, plant, and equipment will appear under the Non-Current Assets section of the Balance Sheet. Thus prepare the Non Current Asset Section as follows :

Non Current Asset Section

Land                                                        $100,000

Land held for future use                        $150,000

Office Building                                       $700,000

Equipment                                             $450,000

Office Furniture                                      $150,000

Accumulated Depreciation                 ($425,000)

Total                                                      $1,125,000

7 0
3 years ago
Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assumi
vlada-n [284]

Answer: Consumption = $6 trillion

government purchases = $1.3 trillion

national saving = $0.7 trillion and

investment = $0.7 trillion

Explanation:GDP is the market value of all final goods and services within an economy during a given period.

GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)

National Savings/ Investment = Private saving + public saving = $0.5 trillion +$ 0.2 trillion = $0.7 trillion.

Government purchases = Taxes - Public saving = $1.5 trillion - $0.2 trillion = $1.3 trillion

Since, GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)

Therefore, Consumption = GDP - Investment - Government Expenditure

Consumption = $8trillion - $0.7trillion - $1.3trillion = $6 trillion

5 0
3 years ago
Sustainability is:
daser333 [38]

Answer:

Option c) the ability to sustain long term bottom line growth with stable supply base.

Bottom line or the triple bottom line includes three-dimensions people, profit and planet. TBL focuses on such sustainability by understanding the impact of organization's activities on profitability, society and the environment altogether.

8 0
3 years ago
Mews Corporation has the following information reported on the balance sheet as of December 31 of the current​ year: Common​ Sto
mr_godi [17]

Answer:

Number common stock shares issued will be 5000

So option (C) will be correct answer.

Explanation:

We have given amount = $60000

Common stock par value = $10

Number of share issued =\frac{60000}{10}=6000

Treasury stock = 1000 shares

We have to find the number common stock shares issued.

Shares of common stock outstanding = number of shares issued - treasury issued = 6000-1000 = 5000 shares

So option (C) will be correct answer  

5 0
4 years ago
Amara has taken out a fixed rate mortgage for $145,000 at 4.04% for 20 years or 240 months her payments are $882 what is the tot
grigory [225]

Answer:

Answer:

`175,200$

Explanation:

730x240= Answer

8 0
3 years ago
Read 2 more answers
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