ADMS 2610 Study Guide - Midterm Guide: Jules Michelet, Purchase Order

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: William Pomerantz

Document Summary

Due date: 12 noon, monday, july 13, 2009 instructions: How to submit assignment: there are five questions on this mid-term. Each question is worth 6 marks for a total of 30 marks. Cheap and save food stores limited regularly purchased large quantities of strawberries for its bulk food section from a canadian food wholesaler. The purchase of strawberries was carried out with a separate purchase order and invoice each time although a full, written contract had been executed between the parties governing the relationship in its entirety. One of the terms of the contract specified that for individual orders in excess of. 100 kg, a quantity discount of 15% would be applied to the purchase price. Since these were very favourable terms, cheap and save regularly ordered quantities ranging between 500-700 kg of strawberries to adequately supply all of its stores.