All categories

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.

You might be interested in

The Nixon Corporation’s common stock has a beta of 1.7. If the risk-free rate is 4.8 percent and the expected return on the mark

Archy [21]

Answer:

13.64%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 4.8% + 1.7 × (10% - 4.8%)

= 4.8% + 1.7 × 5.2%

= 4.8% + 8.84%

= 13.64%

The (Market rate of return - Risk-free rate of return) is also called market risk premium

6 0

3 years ago

On January 1, 2021, Splash City issues $460,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and

Effectus [21]

Answer:

The journal entry is shown below:

Explanation:

Journal Entry.

Jan.1 Cash A/c Dr $460,000

To Bonds payable A/c $460,000

(Bond issue is being recorded)

Jun.30 Interest Expense A/c Dr $18,400

To Cash A/c $18,400 ($460,000×4% = $18,400)

(Interest is being recorded)

Dec.31 Interest Expense A/c Dr $18,400

To Cash A/c $18,400 ($460,000×4% = $18,400)

(Interest is being recorded)

3 0

3 years ago

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $316,7

erastovalidia [21]

Answer:

Explanation:

The preparation of ta static budget report for the second quarter is shown below:

CROIX COMPANY

Sales Budget Report

For the Quarter Ended June 30, 2017

Second Quarter Year to date

Product Line Budget Actual Difference Budget Actual Difference

New Guitar $383,500 $387,400 $3,900 $700,200 $690,500 $9,700

Favorable Unfavorable

The year to date balances are computed below:

For Budget:

= $383,500 + $316,700

= $700,200

For Actual:

= $387,400 + $690,500

= 690,500

6 0

3 years ago

Copybold Corporation is a start-up company that has a capital structure with a debt/assets ratio equal to 0.75. Copybold has no

galben [10]

Answer:

The value of the difference between the earnings per share (EPS) forecasts for Feast and Famine is $2.40

Explanation:

The solution is as evident in the attached Excel Sheet. In the excel sheet the formulas are used which are also given in the second sheet.

For the data values from the question are used.

8 0

2 years ago

Squeaky Shine provides car washing services in Jersey City, New Jersey. A three-month pass for automatic car wash sells for $60,

soldi70 [24.7K]

Answer:

Explanation:

1. The journal entries are shown below:

On December 1

Cash A/c Dr $1,260

To Deferred Service Revenue $1,260

(Being cash is received)

On December 31, 2016

Deferred Service Revenue $420 ($1,260 ÷ 3 months)

To Service revenue $420

(Being service revenue is recorded)

2. Income statement

Earned income from car washing services $420

Balance sheet

Assets

Cash $1,260

Liabilities

Deferred Service Revenue $840 ($1,260 - $420)

7 0

3 years ago