A Written Purchase Order Is a Contractual Document That Is

question 52

Multiple Choice

A written purchase order is a contractual document that is:

• A)an offer to buy goods or services.
• B)not enforceable if it is not in writing.
• C)a binding agreement between purchaser and vendor.
• D)an acceptance of a vendor's catalog offer to sell.

---

Definitions:

Estimated Average Annual Income

An approximation of the amount of money one is expected to earn on average each year, considering various income sources over a specified period.

Average Investment

The mean value of all investments held over a specific period, used to assess overall investment performance.

Estimated Average Annual Income

An approximation of the amount of money an individual or business expects to earn in an average year.

Straight-Line Method

A method of amortizing a bond discount or premium that provides for equal amounts of discount (or premium) to be written off to interest expense each period.