Which of the following is not one of the common ways that internal customers should communicate their needs to purchasing?
a. Purchase requisitions from internal users
b. Chance meeting in the company cafeteria.
c. Forecasts and customer orders.
d. Material requirements identified during new-product development.
e. Routine reordering systems.
b
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Richard writes a letter to Sarah authorizing her to sell his car and sends a copy of the letter to Timothy, a prospective purchaser. If the next day Richard sends a letter to Sarah revoking her authority, but he fails to notify Timothy, Sarah:
A) has actual authority to sell the car to Timothy. B) has implied authority to sell the car to Timothy. C) has apparent authority with respect to Timothy to sell the car. D) is empowered under the doctrine of respondeat superior to negotiate the contract.
The LaPann Corporation has obtained the following sales forecast data: JulyAugustSeptemberOctoberCash sales$80,000 $70,000 $50,000$60,000Credit sales$240,000 $220,000 $180,000$200,000?The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.?The budgeted cash receipts for October would be:
A. $226,000 B. $248,000 C. $188,000 D. $278,000