EBK EXCELLENCE IN BUSINESS COMMUNICATIO
11th Edition
ISBN: 9780100665934
Author: BOVEE
Publisher: YUZU
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Question
Chapter 12, Problem 12.2AYK
Summary Introduction
To determine:
Whether or not it is ethical for a company to adopt the recommendations from a solicited formal proposing, without hiring the firm that submitted the proposal.
Introduction
A proposal is a written plan or suggestion that is formally offered for consideration to a business. There are many types of proposals for a business such as product proposal, market development proposal, and many others. The proposals that have a clear analysis and recommendation would be perceived by the business, however many proposals are vital for the strategic long-term development. A solicited proposal is usually a response to a published requirement, most of the time this is done in writing. Usually, requirements are contained in RFP/Request for Proposal, IFB/Request for Bid and etc.
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I need answer of this accounting questions solution
Alanood Company wants to prepare interim financial statements for the first
quarter of 2020 but would like to avoid making a physical count of inventory.
During the last five years the company's gross profit rate averaged 36%. The
following information for the years first quarter is available from its records:
January 1 beginning inventory $150,130
Purchases $472,600
Purchase returns $6,525
Transportation in $3,450
Sales $595,575
Sales returns $4,725
Use the gross profit method to prepare an estimate of the company's March 31
inventory.
Please solve this general accounting question
Chapter 12 Solutions
EBK EXCELLENCE IN BUSINESS COMMUNICATIO
Ch. 12 - Prob. 1CACh. 12 - Prob. 2CACh. 12 - Prob. 1LOCCh. 12 - Prob. 2LOCCh. 12 - Prob. 3LOCCh. 12 - Prob. 4LOCCh. 12 - Prob. 5LOCCh. 12 - Prob. 6LOCCh. 12 - Prob. 7LOCCh. 12 - Prob. 8LOC
Ch. 12 - Prob. 9LOCCh. 12 - Prob. 10LOCCh. 12 - Prob. 11LOCCh. 12 - Prob. 12LOCCh. 12 - Prob. 13LOCCh. 12 - Prob. 14LOCCh. 12 - Prob. 15LOCCh. 12 - Prob. 16LOCCh. 12 - Prob. 17LOCCh. 12 - Prob. 18LOCCh. 12 - Prob. 19LOCCh. 12 - Prob. 20LOCCh. 12 - Prob. 21LOCCh. 12 - Prob. 12.1AYKCh. 12 - Prob. 12.2AYKCh. 12 - Prob. 12.3AYKCh. 12 - Prob. 12aPYSMFACh. 12 - Prob. 12bPYSMFACh. 12 - Prob. 12cPYSMFACh. 12 - Prob. 12.4ECh. 12 - Prob. 12.5ECh. 12 - Prob. 12.6ECh. 12 - Prob. 12.7ECh. 12 - Prob. 12.8ECh. 12 - Prob. 12.9ECh. 12 - Prob. 12.10ECh. 12 - Prob. 12.11ECh. 12 - Prob. 12.12ECh. 12 - Prob. 12.13ECh. 12 - Prob. 1EYSCTPCh. 12 - Prob. 1SYCKO
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