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3 years ago

Mention and explain documents for buying and selling

Business

1 answer:

Jlenok [28]3 years ago

4 0

Answer:

Inquiry Letter

Sometimes a business can send this to a supplier to find out if they have a certain good in stock.

Purchase Requisition

This is a document used by a department in a company to request that those in charge of procurement acquire some goods for them.

Quotation

This is a document sent by a supplier to the prospective buyer informing them of the goods they have and their selling price.

Purchase Order

This is the document that shows a formal request for goods from a supplier.

Delivery Note

This is used to confirm that the buyer has received the goods they ordered. The buyer will typically sign this document to confirm receipt.

Invoice

A supplier prepares and sends this to the buyer to show them the goods they ordered and the prices so that the buyer knows how much they owe.

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A focused low-cost strategy ...A) cannot be sustained over time unless the focuser is aggressive in entering other segments wher

alexandr1967 [171]

Answer:

The correct answer are A and E.

Explanation:

Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors. The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.

A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, rewards linked to cost concentration and extensive employee participation in attempts to control costs.

Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.

4 0

4 years ago

Sunland has year-end account balances of Sales Revenue $744,020, Interest Revenue $13,110, Cost of Goods Sold $513,065, Administ

alexira [117]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr $744,020

Interest revenue A/c Dr $13,110

To Income Summary $757,130

(Being revenue account closed)

2. Income summary A/c Dr $748,054

To Cost of Goods Sold $513,065

To Administrative Expenses $202,210

To Income Tax Expense $32,779

(Being expenses accounts are closed)

3. Income summary A/c Dr $9,076 ($757,130 - $748,054)

To Retained earning $9,076 ($757,130 - $748,054)

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $20,221

To Dividend A/c $20,221

(Being dividend account is closed)

5 0

3 years ago

According to the Project GLOBE study, a leader who is status-conscious and procedure-oriented displays which leadership style?

Rina8888 [55]

The leadership style by someone who is status-conscious and procedure-oriented is self-protective.

<h3>What is leadership style?</h3>

A leadership style means a leader's characteristic behaviors when the person is directing, motivating, guiding, and managing people.

According to the Project GLOBE study, a leader who is status-conscious and procedure-oriented displays is displaying a leadership style known as self-protective.

Learn more about leadership on:

brainly.com/question/12522775

3 0

2 years ago

Select the items below that describe specific kinds of producers

Sunny_sXe [5.5K]

2 everything is technically about technology

8 0

3 years ago

Expenses include all of the following except: Multiple Choice making a payment on account. using supplies. paying for electricit

Nat2105 [25]

Answer:

using supplies

Explanation:

An expense can be described as cost incurred by a company in a bid to earn revenue.

When supplies are used no explicit cost is incurred in the process so it doesn't qualify as an expense.

I hope my answer helps you

6 0

3 years ago

Mention and explain documents for buying and selling​

Mention and explain documents for buying and selling