Answer:
D. Purchase orders
Explanation:
A purchase order is a document legally binding a buyer and a sellerr. It is the official confirmation of an order.
It entails the details of the items the buyer agrees to buy at a certain price, the delivery date and terms of payment for the buyer.
Purchase orders includes details such as purchase order number, the shipping date, billing address, shipping address, quantities and price.
Purchase orders are used when buyers want to purchase goods from a seller, and helps sellers to track payment. It is prepared by the buyers.
Answer:
Have defined value creation too narrowly in terms of financial performance thereby contributing to black swan events ( B )
Explanation:
Black swan events are events that come as a surprise to a company or individual with great / devastating effects and these events are usually due to inappropriate foresight to the problem.
A company that generates huge profits is not supposed to reduce the maintenance budget because ill maintained equipment will not result to efficient production and huge profits. the leaking of their pipelines and the significant environmental problem is an example of the Black swan event due to the trimming of maintenance budget by the Management.
In a process cost system, the application of factory overhead usually is recorded as an increase in work in process inventory control.
<h3>
What is the process costing system?</h3>
- When a large number of similar products are manufactured, a process costing system accumulates costs.
- A process costing method is used by any large-scale firm who produces huge quantities of identical commodities.
- A petroleum refinery is a perfect example of a process costing environment since it is hard to trace the cost of a specific unit of oil as it passes through the refinery.
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Answer:
Qualitative data
Explanation:
Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.
For example sex, state of origin, citizenship, name, and so on.
On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.
Basically qualitative data is descriptive rather than quantitative
Answer:
The highest median income in purchasing power terms was in 1995, then 2005, 2015, and last 1985
Explanation:
To solve this question we must transform the median household income into comparable units. To do so we use the CPI data given in the problem.
We can arrange everything in a spreadsheet like the attached figure. In column A we have the years, in B the nominal median household income, in the third the CPI divided by 100, this will allow us to deflate and calculate the median income in constant 1982-1984 us dollars (since 1982-1984 will be the numeraire at 1). We do that by dividing column B by C, which is shown in column D.
With these values then we have all the median incomes in comparable units. We now can order and compare them
