4 years ago

Which department is responsible for initiating the purchase of materials?

Business

1 answer:

IceJOKER [234]4 years ago

4 0

I would say the inventory department.

You might be interested in

In today's manufacturing environment, there is a growing philosophy that supports the deployment of smaller, less directly manag

Nastasia [14]

The team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team

<h3>Who is a Functional team?</h3>

A Functional Team refers to a group of people with a common functional expertise who are working toward shared objectives (which is to produce an entire product.)

In conclusion, the team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team

Read more about Functional team

<em>brainly.com/question/1490525</em>

7 0

2 years ago

The balance in the Prepaid Rent account before adjustment at the end of the fiscal year is $10,000, which represents five months

kodGreya [7K]

Answer: debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D

Explanation:

Balance in Prepaid rent account = $10,000

Rent expense = $10,000/5 months = $2,000

Adjusting journal entry To record the expiration of rent for December month

Date Accounts Titles and Explanations Debit Credit

Dec. 31 Rent Expense ($10,000/5 months) $2,000

Prepaid Rent $2,000

debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D

8 0

3 years ago

True/ false any procedure that is used to make employee selection decisions is construed to be a test.

larisa86 [58]

The answer that I choose was false

7 0

4 years ago

The economic system of most countries is a market economy

ruslelena [56]

Are we suposed to fill in the blank??

7 0

4 years ago

Some recent financial statements for Smolira Golf, Inc., follow.SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2013 and 201

Natasha_Volkova [10]

Answer:

2014 2013

Short-term solvency ratios

CURRENT RATIO 4,25 4,87

QUICK RATIO 1,59 1,79

CASH RATIO 0,50 0,66

Asset utilization ratios

ASSETS TURNOVER TIMES 1,76 -

INVENTORY TURNOVER 9,67 -

ACC REC. TURNOVER 36,88 -

Long-term solvency ratios

TOTAL DEBT-ASSETS RATIO 16,20% 18,46%

TOTAL DEBT-EQUITY RATIO 26,48% 30,96%

EQUITY MULTIPLIER RATIO 1,26 1,31

TIMES INTEREST EARNED RATIO 44,91 -

CASH COVERAGE RATIO 0,50 0,66

Profitability ratios

PROFIT MARGIN 19,19% -

RETURN ON ASSETS 33,70% -

RETURN ON EQUITY 42,63% -

Explanation:

8 0

4 years ago