Describe the differences between a straight rebuy, a modified rebuy, and a new-task purchase
What will be an ideal response?
In a straight rebuy, the purchasing department reorders on a routine basis and choose from suppliers on an approved list. In a modified rebuy, the buyer wants to modify product specifications, prices, delivery requirements, or other terms. Lastly, in the new-task purchase, a purchaser buys a product or service for the first time.
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Which one of the following events involves a liability for a business?
a. Loans to be repaid to banks b. Inventories purchased for cash c. Amounts invested by the owners d. Stock sold to the general public
Which of the following is true?
a. The sale of stock to stockholders is an investing activity. b. The repurchase of stock from stockholders is an investing activity. c. The declaration of stock dividends is a financing activity. d. The payment of cash dividends is a financing activity.
The annual discount rate is 9%. Compute the present value of the second option. (Round to nearest whole dollar.)
Edward Hughes has just won the state lottery and has the following three payout options for after-tax prize money:
1. $166,000 per year at the end of each of the next six years
2. $306,000 (lump sum) now
3. $518,000 (lump sum) six years from now
A) $684,000
B) $103,600
C) $414,400
D) $306,000
Employees hired in the host country are sometimes called ______.
Fill in the blank(s) with the appropriate word(s).