Which of the following documents initiates the purchasing of materials?
A) Job order cost sheet
B) Receiving report
C) Purchase request
D) Purchase order
C
You might also like to view...
If a company chooses to treat small plant asset expenditures as expenses, GAAP are being violated
a. True b. False Indicate whether the statement is true or false
Consumers engage in limited search for items like midrange fashion apparel, home furnishings, and appliances. These are examples of ________ goods, which are candidates for selection distribution.
A. durable B. convenience C. shopping D. technology E. impulse
Glade, Inc. is trying to decide whether to increase the commission-based pay of its salespeople. Currently, each of its five salespeople earns a 15% commission on the units they sell for $100 each, plus a fixed salary of $40,000 per person. Glade hopes that by increasing commissions to 20% and decreasing each salesperson's salary to $25,000, sales will increase because salespeople will be more motivated. Currently, sales are 13,000 units. Glade's other fixed costs, NOT including the salespeople's salaries, total $580,000. Glade's other variable costs, NOT including commissions, total $20 per unit.a. What is current profit?b. What is the current break-even point in units?c. What would the break-even point in units be if commissions are increased and salaries decreased?d. If sales increase
by 4,000 units, what will profit be under the new plan?e. At what sales level would Glade be indifferent between the lower-commission plan and the higher-commission plan? What will be an ideal response?
Mortimer negotiates an instrument to Nelson. Negotiation is the transfer of an instrument A) for valuable consideration under a contract
B) in such form that the transferee becomes a holder. C) pursuant to preliminary contract discussions. D) without the payment of a recognized medium of exchange.