The ______________________________ process includes events surrounding the purchase of goods from a vendor, the recognition of the cost of those goods, and the payment to the vendor.
Fill in the blank(s) with the appropriate word(s).
purchase-to-pay
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The B/AR/CR process completes the order to cash process by accomplishing the activities of: ______________________________, managing customer accounts, and securing payment for goods or services rendered
Fill in the blank(s) with correct word
An economy has fifty households, all of which have incomes of $25,000 each in period 2. The twenty-five poor households have incomes of $10,000 each in period 1, while the twenty-five rich households have incomes of $20,000 each in period 1. Assume that the price of the good is $1 in both periods. Suppose that each household decides that its consumption in period 1 will equal 50 percent of the present value of its income from both periods.
a.Calculate the present value of income for poor households as a function of the interest rate. Calculate the amount that poor households will spend on consumption, as a function of the interest rate. Calculate the amount that poor households will save as a function of the real interest rate. Show your work. b.Calculate the present value of income for rich households as a function of the interest rate. Calculate the amount that rich households will spend on consumption, as a function of the interest rate. Calculate the amount that rich households will save as a function of the real interest rate. Show your work. c.Given the equations you calculated for savings for each type of household and assuming that the households borrow from each other, find the equilibrium value of the interest rate. Show your work. What will be an ideal response?
Which one of the following is the last step in the accounting cycle?
a. Journalizing business transactions b. Recording and posting adjustments c. Closing the accounts d. Preparing financial statements
Market niching is profitable because the company ________
A) copies or improves on the leader's products and programs, usually with much less investment B) bears the cost of developing new products and markets, expanding distribution, and educating the market C) knows the needs of the target customer segment better than other firms that casually attempt to sell to the same segment D) either keeps its manufacturing costs and prices low or its product quality and services high E) can achieve economies of scale much faster by selling the same product to the global market