The Food and Drug Administration sets standards for

as we look into the future the traditional purchasing approach will be transformed into ____ . ___ will be the tool that drives

aksik [14]

As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

<h3>What is E-sourcing?</h3>

The typical seven-step sourcing procedure can be used with a number of e-Sourcing solutions.
The procedures are the same whether e-sourcing software is used or not.
The distinction is in how you carry out each action.
You should choose the tools as a category manager or sourcing specialist that are most compatible with your company's goals.
It takes considerable knowledge of every tool in the toolbox to know which tool to use when. E-sourcing tools are placed beneath the relevant steps in the sourcing process below.
Simply put, e-Sourcing is a group of digital tools that aid in streamlining, streamlining, and improving the strategic sourcing activities and procurement processes carried out by the procurement team of an organization.

Hence, As we look into the future the traditional purchasing approach will be transformed into E-sourcing.

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5 0

2 years ago

Journalize Closing Entries Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of

guajiro [1.7K]

Answer:

Smart Touch Learning

Closing Journal Entries:

Debit Service Revenue $50,000

Credit Income Summary $50,000

To close service revenue to income summary.

Debit Income Summary $12,400

Credit Depreciation Expense $6,500

Credit Interest Expense $300

Credit Rent Expense $4,600

Credit Salaries Expense $1,000

To close expenses to the income summary.

Debit Income Summary $37,600

Credit Retained Earnings $37,600

To close income summary to retained earnings.

Debit Retained Earnings $37,600

Credit Dividends $33,700

To close dividends to retained earnings.

Explanation:

a) Data and Analysis:

SMART TOUCH LEARNING

Adjusted Trial Balance

December 31, 2016

Accounts and Explanation Debit Credit

Account Title Balance Debit Credit

Cash 19,800

Accounts Receivable 10,900

Office Supplies 200

Prepaid Rent 13,200

Furniture 23,100

Accumulated Depreciation 7,900

Accounts Payable 2,600

Salaries Payable 600

Interest Payable 200

Unearned Revenue 5,000

Notes Payable 12,000

Common stock 35,000

Dividends 33,700

Service Revenue 50,000

Depreciation Expense 6,500

Interest Expense 300

Rent Expense 4,600

Salaries Expense 1,000

Total 113,300 113,300

Analysis of Closing Entries:

Service Revenue $50,000 Income Summary $50,000

Income Summary $6,500 Depreciation Expense $6,500

Income Summary $300 Interest Expense $300

Income Summary $4,600 Rent Expense $4,600

Income Summary $1,000 Salaries Expense $1,000

Income Summary $37,600 Retained Earnings $37,600

Retained Earnings $37,600 Dividends $33,700

5 0

3 years ago

A bank run involves:

Aleonysh [2.5K]

Answer:

The correct answer is letter "B": large numbers of depositors withdrawing their deposits within a short period of time.

Explanation:

A bank run is a situation in which account holders massively withdraw their funds under the fear the financial institution will lose its liquidity. The situation gets to a point in which the bank is at risk of sensing all its reserves and fail to provide all its clients the money they deposited.

In the U.S. financial institutions with deposits between $16 and $122.3 million must have a minimum reserve of 3%. When the deposits exceed $122.3 million the minimum reserve increases to 10%. The rest of the money is reinvested by banks.

5 0

3 years ago

The bank loan of $2,000,000 requires Irkalla to maintain certain financial ratios but Irkalla has not been able to do so and is

aalyn [17]

Answer:

Current liabilities at December 31, 2014 for Irkalla;

$200,000 + $100,000 + $2,000,000 + $1,000,000 = $3,300,000.

Method of reasoning: Accounts payable-exchange and Short-term borrowings consistently fall under "Current Liabilities". Development for Other bank advance has not explicitly given (for example develops June 30, 20 × 5), so we accept it to develop on June 30, 2015. Since development is expected inside 1 year, it additionally falls under current risk as term is just a single year. On the bank credit of $2,000,000, Irkella has damaged the terms, so now this advance is likewise required to be paid off soon and thus it additionally now goes under "Current Liabilities"

8 0

3 years ago

Read 2 more answers

Miller Corporation has a premium bond making semiannual payments. The bond has a coupon rate of 8 percent, a YTM of 6 percent, a

noname [10]

Answer:

Miller-bond:

today: $ 1,167.68

after 1-year: $ 1,157.74

after 3 year: $ 1,136.03

after 7-year: $ 1,084.25

after 11-year: $ 1,018.87

at maturity: $ 1,000.00

Modigliani-bond:

today: $ 847.53

after 1-year: $ 855.49

after 3 year: $ 873.41

after 7-year: $ 918.89

after 11-year: $ 981.14

at maturity: $ 1,000.00

Explanation:

We need to solve for the present value of the coupon payment and maturity of each bonds:

Miller:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 80.000

time 12

rate 0.06

$80 \times \frac{1-(1+0.06)^{-12} }{0.06} = PV\\$

PV $670.7075

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 12.00

rate 0.06

$\frac{1000}{(1 + 0.06)^{12} } = PV$

PV 496.97

PV c $670.7075

PV m $496.9694

Total $1,167.6769

In few years ahead we can capitalize the bod and subtract the coupon payment

after a year:

1.167.669 x (1.06) - 80 = $1,157.7375

after three-year:

1,157.74 x 1.06^2 - 80*1.06 - 80 = 1136.033855

If we are far away then, it is better to re do the main formula

after 7-years:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 80.000

time 5

rate 0.06

$80 \times \frac{1-(1+0.06)^{-5} }{0.06} = PV\\$

PV $336.9891

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 5.00

rate 0.06

$\frac{1000}{(1 + 0.06)^{5} } = PV$

PV $747.26

PV c $336.9891

PV m $747.2582

Total $1,084.2473

1 year before maturity:

last coupon payment + maturity

1,080 /1.06 = 1.018,8679 = 1,018.87

For the Modigliani bond, we repeat the same procedure.

PV

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 30.000

time 24

rate 0.04

$30 \times \frac{1-(1+0.04)^{-24} }{0.04} = PV\\$

PV $457.4089

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 24.00

rate 0.04

$\frac{1000}{(1 + 0.04)^{24} } = PV$

PV 390.12

PV c $457.4089

PV m $390.1215

Total $847.5304

And we repeat the procedure for other years

7 0

4 years ago