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OLga [1]
3 years ago
12

Which of the following statements is FALSE?a. Electronic procurement systems can aid a company in saving both time and money.b.

More than 50% of each sales dollar typically goes towards covering supply chain costs.c. If a firm lacks the technology to make a required component they will need to consider buying/outsourcing.d. Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.
Business
1 answer:
alukav5142 [94]3 years ago
8 0

Answer:

The answer is d. Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.

Explanation:

Centralized purchasing is a purchasing system in which all the departments of a company with a wide geographical distribution can make purchases through a common purchasing organization.

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Which industry is the source of essential raw materials?
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<span>C.) Agriculture, Forestry, and Fishing
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3 years ago
Read 2 more answers
Ridgewood Company had the following ending balances on its financial statements: 2018 2019 2020 Prepaid insurance $1,400 $ 900 $
Radda [10]

Answer:

B $12,300

Explanation:

Note that the movements in the prepaid insurance account balance is as a result of payments and amortization of these expenses as they fall due. While additional payments increases the prepaid insurance balance, amortization reduces it.

Given that the ending balance in the Prepaid insurance account for 2018 is  $1,400. This is the opening balance for prepaid insurance in 2019. Given that the insurance expense for 2019 is $12,800 and the ending balance in the Prepaid insurance account for 2019 is $900

Let the amount paid in 2019 be r

Then

$1,400 + r - $12,800 = $900

r = $900 + $12,800 - $1,400

r = $12,300

The right answer is B $12,300

7 0
3 years ago
June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipm
algol [13]

Answer:

Transactions:

1. June 1 Monthly invests $4,000 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for 1,200.

3. June 3 $800 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $300 after completing welding work done on account.

Journal Entries:

1.

June 1              Dr.      Cr.

Investment   $4,000

Cash                          $4,000

2.

June 2              Dr.      Cr.

Equipment     $1,200

Account Payable       $1,200

3.

June 3                Dr.        Cr.

Rent Expense   $800

Cash                               $800

4.

June 12                                Dr.        Cr.

P. Leonard (Receivable)     $300

Welding Service Revenue              $300

4 0
3 years ago
Board of directors of 'Fairdeal limited' has formulated a policy for human resources development. According to this policy, cert
BigorU [14]

Answer:

Internal employment source

Explanation:

When a company chooses from among its existing employees to fill up open job position it sourcing internally, however if it recruits from outside the organisation it is an external employment source.

Therefore, the policy decision of the Board of directors of 'Fairdeal limited' adopted the internal employment sourcing.

5 0
3 years ago
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