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Ivahew [28]
2 years ago
5

The document that the purchasing department-aã¡-tothe vendor to place an order is called the:________. A. Invoice approval B. Re

ceiving report C. Purchase requisition D. Invoice. E. Purchase order
Business
1 answer:
Maru [420]2 years ago
7 0

Complete Question:

The document that the purchasing department prepares and sends to the vendor to place an order is called the:

Group of answer choices

A. Invoice approval.

B. Receiving report.

C. Purchase requisition.

D. Invoice.

E. Purchase order.

Answer:

E. Purchase order

Explanation:

The document that the purchasing department prepares and sends to the vendor to place an order is called the purchase order.

A purchase order is typically a multi-copy commercial document that is prepared by the buyer who is interested in ordering goods and sent sent to a vendor (supplier) to place an order.

Generally, one copy of the purchase order is sent to the vendor (supplier) of the goods while the other copy is sent to the accounts payable department of the company, so as to enable them compare it with the invoice issued by the vendor or supplier for accuracy and accountability.

Additionally, a purchase order comprises of informations such as quantity of goods being ordered, price, type etc.

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3 years ago
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3 years ago
Galvanized Products is considering purchasing a new computer system for their enterprise data management system. The vendor has
alekssr [168]

Answer:

The present worth of this investment = -$31,204.78

Explanation:

Note: See the attached excel file for the calculation of the present worth of this investment (in bold red color).

In the attached excel file, the following are used:

Loan from bank = Purchase price * (1 / 4) = $130,000 * (1 / 4) = $32,500

Initial cost = Purchase price - Loan from bank = $130,000 - $32,500 = $97,500

The annual required equal loan payments is calculated using the formula for calculating loan amortization as follows:

P = (A * (r * (1 + r)^n)) / (((1 + r)^n) - 1) .................................... (1)

Where,

P = Annual required equal loan payment = ?

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r = interest rate = 12%, or 0.12

n = number of payment years = 3

Substituting all the figures into equation (1), we have:

P = Annual required equal loan payment = ($32,500 * (0.12 * (1 + 0.12)^3)) / (((1 + 0.12)^3) - 1) = $13,531.34

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Download xlsx
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