All categories

3 years ago

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

Business

1 answer:

tester [92]3 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.

You might be interested in

Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,0

irina1246 [14]

Answer:

The requirement of question is to prepare journal entries for each transaction and prepare stockholder's equity section of balance sheet;The net income for the year is $35,000.No dividends were declared or paid during the year.

Explanation:

a.Cash 4,900*4*39 Dr.$764,400

Common Stocks Cr.$764,400

b. Cash 5,900*39 Dr.$230,100

Common Stocks Cr.$230,100

c. Cash 7,900*21 Dr.$165,900

Preferred stocks 7,900*10 Cr.$79,000

Paid in capital in excess of par 7,900*(21-10) Cr.$86,900

Extracts from Balance Sheet

Common Stocks (764,400+230,100) $994,500

Preferred Stocks $79,000

Paid in Capital in excess of par $86,900

Retained Earnings $35,000

Total $1,195,400

6 0

4 years ago

In which of these areas in the manufacturing and distribution process can a company create sustainability measures? (Select all

Deffense [45]

Understand the needs of your customers; sales, transportation, the whole supply chain. Take function and brand into account. Reduce, minimise and optimise packaging materials. Reduce packaging waste, use recyclable lightweight materials, biodegradable, compostable materials and renewable resources.

4 0

3 years ago

Mona and her friends Jack and Bobby, all United States citizens, want to open a nail salon in Tennessee. They would all like to

Damm [24]

Answer: S corporation

Explanation:

The tax benefit for S corporations is that business income, as well as many tax deductions, credits, and losses, are passed through to the owners, rather than being taxed at the corporate level. This avoids the chance of “double taxation,” that occurs with C corporations, when dividend income is taxed first at the corporate level and then at the shareholder level.

3 0

4 years ago

An aging of a company's accounts receivable indicates that $13900 are estimated to be uncollectible. If Allowance for Doubtful A

tino4ka555 [31]

Answer:the adjustment to record bad debts for the period will require a

Debit on Bad debt expenses for $ 12,670 and a credit To Allowance for doubtful accounts for $ 12,670

Explanation:

Account receivables for uncollectibles= $13,900

Allowance for Doubtful Accounts = credit balance of $1230

Adjusting entry for bad debts expense =Account receivables - credit balance of $1230

= $13,900- $1,230

=$12,670

Adjusting entry for the record of bad debts expense

Accounts titles Debit Credit

Bad debt expenses $ 12,670

To Allowance for doubtful accounts $ 12,670

8 0

3 years ago

If Lorenzo stands up at a concert he can see the performance better. He therefore concludes if everyone stood up, everyone could

Lemur [1.5K]

Answer:

The correct answer is letter "B": The statement presents the fallacy of composition.

Explanation:

The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.

6 0

3 years ago