FINC 1301 Due February 17th, 2021

Simulation 3 - Purchase Order

Due Date: Due February 17th, 2021 at 11:59 pm
Grading: 10% of your final grade

A Purchase order (PO) is a financial document that is completed by a buyer (e.g.

customer), who wants to purchase goods and/or services from a seller (e.g. company).
The purchase order indicates types, quantities, and agreed upon prices of the goods
and/or services that the seller will provide to the buyer. When a PO is accepted by the
seller, it forms a contract between the buyer and seller.

Upon completion of this assignment, you will be able to:

 Identify key terminology used in purchase orders.

 Complete a purchase order.
 Calculate sales taxes.
 Add, subtract, multiply, and divide decimals.
 Calculate savings.

Complete a Purchase Order

Scenario: Your boss, Samantha Janson, asks you to purchase a number of supplies for
her upcoming provincial curling coaching conference which is to be held next month.
Ms. Janson requires the following supplies with the specific quantities, prices and
discounts mentioned.

Title: Administrative Assistant

Office Supply Vendor: Staples Canada Website.

320 Taunton Road East, Unit D, Whitby, ON L1R 0N4 (905) 655-6700

Company: Canada Curling Federation Inc., 1660 Vimont Court, Orleans, ON K1C 0A5.
(613) 834-2076. (This is the ‘Ship To’ address)
Slogan: Curling Rocks!

P.O. # - 18-571
Customer ID: CCF-42
Shipping Method: Standard Ground
Shipping Terms: F.O.B., Origin, Pre-Paid
Delivery Date: March 14th, 2021

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 FINC 1301 Due February 17th, 2021

Table 2. List of office supplies required. ***You need to find the item numbers and cost
per item. Add to the table below.

Item Item Quantity Cost Per Item Discount

Number
1. Hammermill Copy Plus 122374 2 $79.99 Yes, -15%
Paper, 20 lb., 8.5” x 11,” Cost with
5000 Sheets/Case discount per
item:
$79.99 x 0.85 =
$67.99
2. Dry-Erase Markers 567488 2 $12.49
Assorted, 8/Pack
3. Sharpie Fine Permanent 11520 1 $10.00
Markers, Black, 12/Pack
4. Post-It Neon Notes, 3”x 2937121 4 $9.99
3,” 5 Pads/Pack.
5. High-Grade Masking 688734 3 $3.19 Could not find a 4
Tape, ¾” X 60 Yds., pack. It is only
4/Pack sold by the roll, 4 x
3 is 12 so I based
it on 12 rolls at
$3.19/roll
6. BIC Round Stic® 15083 4 $1.00 Yes, -10%
Ballpoint Stick Pens, Cost with
Medium Tip, 1 mm, Blue, discount per
12/Pack item:
$1.00 x 0.9 =
$0.90
7. Black 2” Binder 2537591 10 $2.97

8. Preprinted Divider Tabs, 14881 10 $4.59 Yes, -15%

1-10, White, 10/Set Cost with
discount per
item:
$4.59 x 0.85 =
$3.90
9. Assorted Pastel Index 2763771 1 $7.99
Cards, 3”x5,” 250/Pack.
10. Post-It Easel Pad, 30 725873 3 $60.99 Yes, -10%
Sheets Per Pad Cost with
discount per
item:
$60.99 x 0.9 =
$54.89

***You will also be submitting this document to the assignment folder.

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 FINC 1301 Due February 17th, 2021

Save your completed document and excel file as “Simulation #3 – First Name
Last Name”. Submit to the assignment folder provided on DC Connect.

Failure to save your file(s) as requested will result in a deduction of marks (one (1) mark per
file submitted).

Assignments are to be submitted on the due date as specified on the assignment sheet
and/or as given in class. As in the workplace, failure to meet deadlines has consequences.
Reconsideration will be given at the discretion of the professor if proper notification and
documentation is given. Students will not be allowed to do extra assignments to bring up
their mark at the end of term - students must complete and hand in term work as it is
assigned. Late assignments will be assessed a 20% penalty for up to two days. After two
days a grade of zero will be assigned.