Documents including a bill of lading, sales invoice, credit memos, remittance advice, and monthly statements to clients describe and clarify their role in the sales and collection process.
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Documents including a bill of lading, sales invoice, credit memos, remittance advice, and monthly statements to clients describe and clarify their role in the sales and collection process.
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- Explain if a policy, a standard, a procedure, or a guideline should be used to ensure inventory information systems remains up-to-date within an organization?How does a barcode scanner work, and what are its primary uses in retail and inventory management?Based on the relationship and agreement with the vendors, what are the 2 vendor workflow options to pay your vendors?(Select all that apply) A. Bill > Pay Bills B. Invoice > Receive Payment > Create Deposit C. Create Purchase Order D. Expense or Check E. Delayed Charge > Pay Bills
- Select from the option list provided to match each department or person involved in the sales-receivables-cash receipts cycle with the associated control. Each choice may be used once, more than once, or not at all. Safeguards the cash and checks prior to deposit in the bank Releases goods only upon receipt of a valid copy of a sales order Matches copies of documents to ensure that all customers are invoiced Checks are immediately endorsed "For Deposit Only" Only remittance advices are forwarded here for posting to customer Approved Customer orders are required before sales orders are released for processing Goods sent to customers based only on authorized sales orders Goods are paid for only when proper documentation is on hand to support a payment Investigates potential customers and their likelihood to pay Provides the check balance for the sum of the accounts receivable 1. Inventory warehouse 2. Shipping department 3. Credit manager 4. Sales department 5.…Write a business letter based on the context below: To attract customers, your company advertised a 10 percent discount of first-time orders from November 2-8. Although the advertisement clearly stated that this special offer applies only to orders from Nov 2-8, an order arrives today (Nov 9) from a client, Mr. Kenneth B. Abellera, purchasing agent of ABC Enterprises, requesting for the 10- percent discount. As sales representative for your company, write to Mr. Abellera. Explain that you can fill the order promptly but that the 10 percent discount is no longer available. The address of ABC Enterprises is 10 Paris Road, California.What products make up inventory? Please answer it in depth and in a professional tone.
- What would be the relationship (either one-to-one, one-to-many or many-to-many) between: Customer and Sales Order and Sales Order and Inventory Inventory and Sales Please explain this in detail so I can understand thanks!In QuickBooks Online, the Products and Services list contains the items that will appear on your client's purchase and sales transactions. What must each product/service item be mapped to? A. Product categories list B.Chart of Accounts list C. Recurring Transactions list D. company SettingsThe purchasing department is responsiblefor procuring raw materials and other resources at the best possibleprice. In relation to the above, and with the aid of examples, discuss thefunctions of the purchasing management.
- Suppose that a large discount retailer with a lot of purchasing power in a supply chain requires that all suppliers incorporate a new information system that will reduce the cost of placing orders between the retailer and its suppliers as well as between the suppliers and their suppliers. Suppose also that order quantities and lead times are related; the smaller the order quantity the shorter the lead time from suppliers. Assume that all members of the supply chain use a continuous review system and EOQ order quantities. Explain the implications of the new information system for the supply chain in general and the inventory systems of the supply chain members in particular.Supply chain management has been a very vital tool in the competitive world of business, and this depends on the product and its supply chain. Managing inventory is a critical activity for the success of supply chain since inventory impacts the costs of goods sold as well as supports customer service”. Discuss the validity of this statement DetailyExplain how the objectives of the inventory management can be measured ?