The flowchart below illustrates two alternative inventory ordering methods. Answer part 1 to 3 based on this flowchart.

Required:

1.Some organizations prefer using alternative two. What are the advantages of using alternative two instead of the alternative one? Be specific.

2.What is the difference between purchase requisition and purchase order?

3.Under what circumstances can you envision management using alternative one rather than alternative two?

4.Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function. What accounting/audit problems need to be resolved.

Holmes Content 5 137 x R (PDF) Fr Turnitin b Internal | Internal G internal b Answer CH Detectir Premier Course Course Do You + X learn-ap-southeast-2-prod-fleet01-xythos.s3.ap-southeast-2.amazonaws.com/5bfdd02798410/1374127?response-cache-control=private%20%20max-age%3D216... Q 1374127 3 / 8 based on this HowChart. Purchases Data Processing Department Receiving Accounts Payable Purchase Requisition File Blind Copy Acct Pay Copy Prepare Purchase Blind Copy Acct Pay Copy File Copy Open Purchase Order File Orders Vendor File Purchase Order Blind Copy Acct Pay Copy File Copy Review and Purchase Distributo Order Blind Copy Acct Pay Copy - File Copy Purchase Order File Vendor ALTERNATIVE ONE Type here to search O Eli a 9 EM A D ( ) ENG 7:16 PM 11/10/2020Holmes Content 5 137 x R (PDF) Fr Turnitin b Internal Internal G internal b Answer CH Detectir Premier Course Course Do You + X ( - C learn-ap-southeast-2-prod-fleet01-xythos.$3.ap-southeast-2.amazonaws.com/5bfdd02798410/1374127?response-cache-control=private%20%20max-age%3D216... Q 1374127 3 / 8 Purchases Data Processing Department Receiving Accounts Payable Transaction Purchase List Requisition File Prepare Acct Pay Copy Review Open Purchase Purchase Blind Copy and Order File Orders Vendor File File Blind Copy Acct Pay Copy Transaction Purchase Order List Transaction List Vendor File ALTERNATIVE TWO Required: Type here to search 9 A D () ENG 7:18 PM 11/10/2020