Jack Williams works in a very active department called purchasing. He works with store managers, marketing,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. The people in his department try to have the right product, in the right amount, at the right place, and at the lowest cost. It is a tough job! In early September, Williams placed an order with one vendor for products having a combined list price of $27,393. The vendor offered trade discounts of 20/10/10. The invoice arrived through the computer system the next day. It was dated September 4, had terms of 3/15 EOM, and showed a shipping charge of $748.38. Find the following. 1. The total amount of the invoice excluding shipping 2. The final discount date 3. The net payment date 4. The amount necessary to pay the invoice in full on October 11, including the shipping 5. Suppose that on October 11 the invoice is not paid in full, but a partial payment of $10,000 is made instead. Find the credit given for the partial payment and the balance due on the invoice including shipping. 1. 2. 3. 4. 5. Discussion Question: Have you thought about a career in purchasing? Every company that handles products has people working in this field. See what you can find out about this career on the Web. You may wish to search for the American Purchasing Society. Source: DISCOUNTS AT BED BATH & BEYOND, www.bedbathandbeyond.com. Jack Williams works in a very active department called purchasing. He works with store managers, marketing, and supply companies. The people in his department try to have the right product, in the right amount, at the right place, and at the lowest cost. It is a tough job! In early September, Williams placed an order with one vendor for products having a combined list price of $27,393. The vendor offered trade discounts of 20/10/10. The invoice arrived through the computer system the next day. It was dated September 4, had terms of 3/15 EOM, and showed a shipping charge of $748.38. Find the following. 1. The total amount of the invoice excluding shipping 2. The final discount date 3. The net payment date 4. The amount necessary to pay the invoice in full on October 11, including the shipping 5. Suppose that on October 11 the invoice is not paid in full, but a partial payment of $10,000 is made instead. Find the credit given for the partial payment and the balance due on the invoice including shipping. 1. 2. 3. 4. 5. Discussion Question: Have you thought about a career in purchasing? Every company that handles products has people working in this field. See what you can find out about this career on the Web. You may wish to search for the American Purchasing Society. Source: DISCOUNTS AT BED BATH & BEYOND, www.bedbathandbeyond.com.
Expert Answer:
Answer rating: 100% (QA)
Answer Lets break down the problem step by step The total amount of the invoice excluding shipping To calculate the total amount of the invoice exclud... View the full answer
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
Students also viewed these finance questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Desgin a class diagram for Blackboard System. The diagram should also include: Generalization Relationships Association Relationships Aggregation/Composition Relationships Multiplicity please draw 1...
-
American eels (Anguilla rostrata) are freshwater fish with long, slender bodies that we can treat as uniform cylinders 1.0 m long and 10 cm in diameter. An eel compensates for its small jaw and teeth...
-
Pension Plan Calculation The Village of Dover administers a defined benefit pension plan for its police and fire personnel. Employees are not required to contribute to the plan. The village received...
-
Explain the purpose of the judges charge to the jury.
-
Floyd's Bumpers has distribution centers in Lafayette, Indiana: Charlotte, North Carolina; Los Angeles, California; Dallas, Texas; and Pittsburgh, Pennsylvania. Each distribution center carries all...
-
Task 1: Using the following source code, answer the questions listed below. 1. public int Funi (int x, int k) { 2. int i=0; 3. int y x+k; 4. do ( 5. if (x/2 < 2) { 6. ky x; 7. } 8. else{ 9. xk2; 10....
-
Colt Company reports pretax financial income of $143,000 in 2019. In addition to pretax income from continuing operations (of which revenues are $295,000), the following items are included in this...
-
1. Should companies consider all stakeholders or strictly shareholders when making business decisions? Why?
-
Assume that you're working in a large general acute care hospital, with many important service lines (cardiac, cancer, pediatrics, rehab, and mental health). Your hospital also has many medical...
-
Using organizational theory as a framework, identify at least four challenges that the Shapiro Cardiovascular Center management team is faced with in aligning strategy and organizational culture....
-
The Unit 2 Discussion Topics continue to address SHRM content areas related to HRD. Unit 2 continues with change management addressing resistance to change and Lewin's force field and three step...
-
Your laboratory has just been purchased by a new health care organization. You, as the manager, are asked to participate in the design of a new organizational structure which will increase the...
-
1. What did you learn this week that would apply to your current or potential future job? 2. Is there a term or concept that you don't understand that further clarification is needed? This can be...
-
Design a website for your selected topic, containing minimum 6 web pages. Depicting all the relevant information related to your project. The project must include all the elements of multimedia, e.g....
-
Explain why each of the following is either a private good or a public good: traffic lights, in line skates, a city park, a chicken salad sandwich, a tennis racket, national defense, a coastal...
-
What is meant by a change agent in export marketing? Give examples of each type of change agent.
-
Is there a best way for a company to acquire new products for its export product line?
-
There are many who believe that whatever is legal is ethical. Do you agree with this belief as it might apply to the international marketer? Explain your position and give examples of behaviour in...
-
The group \(\mathrm{D}_{3}\) in Schoenflies notation (32 in international notation, which is read "three-two"; see Table 5.1 ) consists of the proper (those not reflections or inversions) covering...
-
Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3) Tex)=(37) (69) T(c2b)= 1 TO)-(71) 10-(11) TO=(9) = for the group D3, using the basis (e1, e2) defined in the following figure.
-
Prove that the matrix representation of \(\mathrm{D}_{3}\) worked out in Problem 5.6 is irreducible. Data from Problem 5.6 Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3)...
Study smarter with the SolutionInn App