To Convert a Purchase Quote to a Purchase Order -

question 15

Multiple Choice

To convert a purchase quote to a purchase order -

• A) select the quote from the quote field list, choose remove the purchase quote and then enter the order
• B) select quote as the transaction, select the quote from the Quote No. list, choose convert to order and record the order
• C) select quote as the transaction, select the quote from the Quote No. list, fill the quote then enter the order
• D) choices a and b are correct

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Definitions:

Convertible Bond

A type of bond that the holder can convert into a specific number of shares of the issuer's common stock, under certain conditions.

Premium Price

The higher price charged for a product or service that is perceived to have a greater value compared to its alternatives.

Bond Quoted

The price or rate at which a bond is currently trading in the market.

Purchase Cost

The total expenditure incurred to acquire a good or service, including the purchase price and additional expenses.