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2 years ago

What factor is usually agreed upon prior to the submission of a purchase order?

Business

1 answer:

tester [92]2 years ago

4 0

Answer:

number of products to be purchased

Explanation:

A purchase order is prepared by a customer and addressed to a trader. The document instructs the trader to supply the customer with the goods stated in the purchase order document.

Before a customer writes the purchase order, an agreement is made on the quantity to be ordered. The trader has to confirm that they have the required quantity in the stores, or it will be availed within a reasonable time.

The price is agreed at the quotation stage. The customer first sends an inquiry, which the customer responds to with a quotation.

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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,110,00

Ksivusya [100]

Answer:

$1,83,000

Explanation:

Sales = 4,535,000

Cost of goods sold = $2,560,000

Operating expenses = $1,382,000

Average total assets = $4,110,000

Net Income = Sales - Cost of goods sold - Operating expenses

= $4,535,000 - $2,560,000 - $1,382,000

= $5,93,000

Target income = 10% of Average total assets

= 0.10 × $4,110,000

= $410,000

Thus,

Residual income = Net income - Target income

= $5,93,000 - $410,000

= $1,83,000

7 0

2 years ago

If your budget allowed you extra money for this month, would you choose to consume, invest, or save that money? Why? Be specific

ruslelena [56]

Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest.

3 0

2 years ago

Read 2 more answers

Is there anyone good in Accounting?

Helen [10]

Well, yes, is that's the question

3 0

2 years ago

Brian vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is:

Verizon [17]

The answer is he is not part of the labor force. Since the labor force is comprises of the employed and the unemployed. The remainder— persons who are neither employed nor unemployed are not in the labor force. This group comprises retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Since the mid-1990s, naturally fewer than 1 in 10 people not in the labor force stated that they want a job.

3 0

2 years ago

Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciati

iragen [17]

Answer:

equipment 3,700

Explanation:

First we calcualte the values of the machine given up:

traded-out assets

purchased 23000

depreciation 20,000

book value 3,000

fair value 5,000

gain on disposal 2,000

This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.

Value given up forthe new equipment:

cash 700

traded-out 5,000

total value 5,700

We subtract the deffered gain on disposal to get the accounting value for the new equipment:

deferred gain (2,000)

accounting value 3,700

The machine will enter the accounting with 3,700

journal entry

equipment 3,700

acc del 20,000

equipment 23,000

cash 700

3 0

3 years ago