Which of the Following Is Performed by Electronic Invoice Presentment

question 77

Multiple Choice

Which of the following is performed by Electronic Invoice Presentment and Payment (EIPP) systems?

• A)Purchasing an electronic system that uses a third-party payment process to settle a business to business transaction
• B)Creating a shipping notice system
• C)Purchasing an evaluated receipt system
• D)Processing a payment from the purchaser to the supplier as an independent third party

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Definitions:

Payables

Financial obligations or amounts owed by a business to its creditors or suppliers for goods and services received.

Equity

The total value of a company's ownership interest by its shareholders, calculated as assets minus liabilities.

Profitability Ratios

Those ratios—gross profit rate, return on sales, return on total assets, and return on common stockholders’ equity—which measure a company’s ability to earn a profit.

Liquidity Ratios

The two ratios—current ratio and acid test ratio—which measure a company’s ability to pay off short-term debts.