When You Convert a Purchase Quote to a Purchase Order

question 31

Multiple Choice

When you convert a purchase quote to a purchase order you can edit all of the following except -

• A)the shipping date
• B)the quantity ordered
• C)the quote/order number
• D)the unit price for the ordered items

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Definitions:

Present Value

The current valuation of a future financial sum or stream of payments, factoring in a set rate of return.

Interest Rate

A lender demands a fee, represented as a percentage of the principal, from a borrower for asset utilization.

Payment

is the transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.

Future Value

The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.