6. The purchasing document should also specify when payment is due. This is usually expressed as anet number of days, such as Net 30 or Net 45. A discount period may be included where the supplierspecifies the amount of the discount as well as the number of days the buyer can make payments andstill earn the discount. The discount period is often expressed as a formula: 2/20 Net 45Explain the payment terms of 2/20 Net 45.

Payment conditions or terms specify how, when, and how your customers or clients will pay your…

Answered: 6. The purchasing document should also…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Suppose that a firm has the option to make or buy a part. Its annual requirement is 11,000 units. A supplier is able to supply the part at $6 per unit. The firm estimates that it costs $800 to prepare the contract with the supplier. To make the part, the firm must invest $29,000 in equipment, and the firm estimates that it costs $3 per unit to make the part. COSTS MAKE OPTION BUY OPTION Fixed Cost $29,000 $800 Variable Cost $3 $6 Annual Requirement = 11,000 units 1. What is the break-even point? Round your answer to the nearest whole number. 2. What is the total cost at the break-even point? Round your answer to the nearest dollar. 3. What is the total cost for the make option? Round your answer to the nearest dollar.
Find the last date the cash amount is available and the date on which the net amount is due. Invoice date= April 14 Terms 2/10 , n/30 Date goods received= April 16
You can sell 60 pet chia per week if they are marked as $1 each , but only 50 per week if they are marked $2 per chia. Your chia supplier is prepared to sell you 10 chias per weekif they are marked $1 per chia, and 20 per week if they are marked $2 per chia. At what price should the chias be marked so that there is neither surplus nor a shortage of chias?
S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses.S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee S1 True; S2 False Both are true Both are false S2 True; S1 False
S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses. S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee. S2 True; S1 False S1 True; S2 False Both are false Both are true
Zumba classes sell 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people attended the class. From the midpoint method, the price elasticity of demand for Zumba is -0.20. -0.50 -0.20 -3.33 -2.50
Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter? Assume Misu Sheet wants a 30% markup on cost instead of on selling price. What is Misu's cost? Round to the nearest cent.
Understanding how to use fx rates Centria Bakery from Kokkola, Finland, has become recently very popular with its chocolate cakes made from raw chocolate ingredients from a Swiss chocolate company Chocolaté Fin SARL (Switzerland). For the holiday season, Centria Bakery intends to prepare at least 1 000 chocolate cakes so it needs to buy some delicate raw chocolate for 10 000 CHF to pay its Swiss chocolate supplier. Nordea banker quotes bid-ask rates of 1.3990-1.4000 CHF/EUR. (euro is the base currency). What is Centria Bakerys euro cost of the 10 000 Swiss francs for the raw chocolate? Give your answer with two decimals. 5 232,60 13 990,00 7 147,96 6 142,85
S1: Cost plus contract is a contract used on long term construction contracts in which the contractor agrees to a contract price that is fixed, either at the inception or at a fixed rate per unit of output, which in some cases may be subject to cost escalation clauses. S2: Variable contract is a construction contract in which the contractor is reimbursed for allowable or otherwise defined costs, plus a percentage of these costs or a fixed fee. A. S2 True; S1 False B. S1 True; S2 False C. Both are false D. Both are true
B) Price and Cost B. E Q2 Q1 Quantity Analyzing the prior graph which type of externality is this? Which line is the private and which is the public? What quantity does the private market produce, which quantity does the public want? Now give three (3) examples of this type of externality. C) Explain how externalities can be solved.
What is the amount of the annual coupon payment for a bond that has 6 years until maturity, sells for $1,050, and has a yield to matu Multiple Choice $98.64 $95.27 $101.38 $104.97
Specialty Toys, Inc., sells a variety of new and innovative children’s toys. Management learned that thepreholiday season is the best time to introduce a new toy, because many families use this time to look fornew ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, itchooses an October market entry date.In order to get toys in its stores by October, Specialty places one-time orders with itsmanufacturers in June or July of each year. Demand for children’s toys can be highly volatile. If a newtoy catches on, a sense of shortage in the marketplace often increases the demand to high levels and largeprofits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels ofinventory that must be sold at reduced prices. The most important question the company faces is decidinghow many units of a new toy should be purchased to meet anticipated sales demand. If too few arepurchased, sales will be lost; if too many are…

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