Andrea's Manager Needs to Get a Report of All of the Purchases

question 42

Multiple Choice

Andrea's manager needs to get a report of all of the purchases made by employees, using their employee discount, in a given week. In which of the following folders is she likely to find this category of report?

• A)exception reports
• B)summary reports
• C)detail reports
• D)control reports

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Definitions:

COGS

Cost of Goods Sold; the direct costs attributable to the production of the goods sold in a company, including material and labor costs.

Cash Cycle

The cash cycle is the period between the purchase of inventory and the collection of receivables from the sale of that inventory.

Receivables Period

The usual period a business needs to obtain payments from customers for goods or services sold on a credit basis.