The financial value of a purchase is determined by reviewing the
a. packing slip
b. purchase requisition
c. receiving report
d. supplier's invoice
D
You might also like to view...
Calculate answers to the following using future value and/or present value tables:
a. If an accumulation of $1,000 is desired at the end of 4 years, what bank deposit must be made now to accomplish that goal, assuming 10 percent interest compounded annually? b. A deposit of $600 made at the end of every 6 months for 5 years would grow to what amount, assuming 8 percent interest compounded semiannually.
A single-echelon inventory system ______.
a. is one where each supply chain partner (echelon) sequentially forecasts demand b. reduces potential for the bullwhip effect c. is one where supply chain partners forecast demand as a single group d. reduce information flows
Which of the following organizations would be considered a small business?
a. a producer of computer chips with 700 employees b. a retail clothing store with annual sales exceeding $25 million c. a whole beer distributor with 600 employees d. a basket manufacturer with 200 employees e. a construction company with annual sales of $8 million
Albert read Gem City's ad in the local newspaper advertising a one-quarter carat diamond ring for $89. Albert rushed to the store to buy the ring, only to be told by the salesperson that the ad was a misprint and the price should have been $289. Albert gave the salesperson $89 plus sales tax and demanded the ring. In this case:
A) the ad is a firm offer by the merchant, and the ring must be sold for $89. B) the ad is a contract and the store must abide by terms stated in the contract. C) the store must accept the price stated in the ad, but only if Albert has a copy of the ad with him. D) Albert is merely making an offer to Gem City to buy the ring for $89 plus sales tax.