Answer:
B. procure-to-pay cycle.
Explanation:
Procure to pay -
It is the method of purchasing , requisitioning , accounting or paying for any services or goods .
It is the set of activities , which are needed firstly , to detect the need , to assign the supplier , approve it , acknowledge the receipt and at last payment to the supplier .
Hence , the correct term for the given statement is B. procure-to-pay cycle .
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Hello!
Working capital=current assets-current liabilities
Working capital=110000-50000
Working capital=60000
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Answer:
Correct answer is FALSE
Explanation:
FOB Destination transfers ownership of the goods to the buyer after the goods reached to its destination (either in the buyer’s warehouse or any place stated in the contract to be delivered). Thus, goods in-transit under FOB destination still belongs to the seller and not to the buyer yet. Moreover, it should not be included to buyer’s inventory because the title of ownership of the said goods still belongs to the seller at the time of transit.
Answer:
C = 11,420.7405
Explanation:
Loan for 37,000 at 9% in four annual payment
We have to calculate the cuota of an annuity

where rate = 0.09
time = 4
and present value is the 37,000 we receive today

C = 11,420.7405