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3 years ago

List and briefly explain five activities for which a purchasing department normally has responsibility.

1 answer:

6 0

The 24 statements is that your list and brief statement explains the five activities for what a purchasing department normally has for responsibility.

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How would you check the accuracy of the opening balance of the most recent statement?

Trava [24]

Answer:

I think the answer is B verify last month

6 0

3 years ago

A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as ________ commerce. S

sergij07 [2.7K]

A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as A. social commerce.

Explanation:

Social commerce is the subset of eCommerce wherein social media is used for assistance on products and costumer service. it also serves as a tool for marketing of products and assisting purchases.

Use of social media for online transactions is the insistent goal of the use of social commerce as it relies on social media for buying and marketing of the products to their potential consumer base which is able to find their product on the social media platforms only.

3 0

3 years ago

You are analyzing a project with 5-year life. The project requires a capital investment of $10000 now, and it will generate unif

Bess [88]

Answer:

NPV= $13160

Explanation:

To calculate the present value you need to use the Net Present Value. The NPV is the difference between the present value of cash inflows and the present value of cash outflows over a period of time.

The formula is:

t-1

where:

R t =Net cash inflow-outflows during a single period t

i=Discount rate of return that could be earned in alternative investments

t=Number of timer periods

In this exercise:

0= -13000

1= 6000

2= 6000

3=6000

4=6000

5=6000 + 3000 + 2500= 11500

NPV= -13000 + (6000/1.10^1) + (6000/1.10^2) + ... + (115000/1.10^5)

NPV= $13160

6 0

3 years ago

Production data: Pounds in process, May 1; materials 100% complete; conversion 90% complete 88,000 Pounds started into productio

Zarrin [17]

Answer:

1. materials = 569,000 units , conversion = 556,000 units

2. materials = $1.15 , conversion = $0.70

3. materials = $44,850 , conversion = $18,200 , total = $63,050

Explanation:

For this question, i will assume that the Weighted Average Cost Method is used since we do not have information on the specific method applied by this company.

Calculation of the equivalent units of production for materials and conversion.

1. Materials

Closing Work in Process (65,000 × 60%) = 39,000

Completed and Transferred to Finished Goods = 530,000

Equivalent units of production for materials = 569,000

2. Conversion Costs

Closing Work in Process (65,000 × 40%) = 26,000

Completed and Transferred to Finished Goods = 530,000

Equivalent units of production for materials = 556,000

Calculation of the cost per equivalent unit for materials and conversion

Remember :

Cost per equivalent unit = Total Costs ÷ Total Equivalent units

therefore,

1. Materials

Cost per equivalent unit = ($ 106,000 + $ 551,120) ÷ 569,000

= $1.15

2. Conversion Costs

Cost per equivalent unit = ($ 59,700 + $ 328,230) ÷ 556,000

= $0.70

Calculation of the cost of ending work in process inventory for materials, conversion, and in total

Materials ($1.15 × 39,000) = $44,850

Conversion Costs ($0.70 × 26,000) = $18,200

Total cost of ending work in process = $63,050

3 0

3 years ago

When performing capital budgeting, __________ incurred by a project are irrelevant to future investment decisions.

m_a_m_a [10]

Question:

When performing capital budgeting, __________ incurred by a project are irrelevant to future investment decisions.

A) Opportunity costs

B) Depreciation

C) Sunk costs

D) Taxes

Answer:

The correct answer is C) Sunk Costs

Explanation:

Capital Budgeting is the art (most applicable to corporate persons) of planning expenditure that will be incurred in the future, especially on long term assets.

The reason you cannot factor Sunk Cost into a Capital Budget is because of its very nature.

Sunk Costs refer to monies for items that have already been expended and can never be recovered. If it can never be recovered and has already been incurred, it has no role to play in future considerations especially when the purpose of Capital Budgetting is considered.

The primary purpose of a Capital Budget is that it helps to further evaluate the inflow against the outflow of an investment to check whether or not the return is acceptable.

Every other option given in the question above are items that have futuristic qualities.

Cheers

6 0

3 years ago