1. What are the activities associated with planning, buying and paying processes respectively? 2. How is the invoice created? 3. What happens to the price when order amount goes up? 4. Where does the logic between the price and order amount come from? 5. What is the functionality that helps the buyer to make the decision such as lowest price or one supplier only?

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)