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2 years ago

Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods is recorded in which account?

Business

1 answer:

lana66690 [7]2 years ago

8 0

Based on the perpetual system, a buyer can incur cash freight costs if they transport Inventory.

<h3>How are freight costs treated?</h3>

The perpetual system allows for the buyer of inventory to record the freight cost for the merchandise in the inventory account.

This means that the freight cost will be capitalized and added to the cost of the inventory to recover the costs.

Find out more on the perpetual system at brainly.com/question/25014592.

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What is the main reason the government creates regulations? to keep control over what is bought and sold in the us to make sure

zubka84 [21]

to make sure business is conducted safely and fairly

The government creates regulations in order to make sure business is conducted safely and fairly. Without regulation the market would have to auto regolate itself, which is a thing that it does, but the cost of this autoregulations are often too much. The government can help create basic directories to ensure that the trade is safe done.

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4 years ago

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You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dolla

kotykmax [81]

Answer: An astute trader can make $ 41,666.66.

Explanation: You must first change

$ 1,000,000 per pounds, which would leave a total of £ 500,000. ($ 1,000,000 / 2.00 = £ 500,000;).

Secondly spend £ 500,000 to euros, obtaining € 600,000 (£ 500,000 x 1.20 = € 600,000;).

Thirdly, with euros, buying dollars again, obtaining $ 960,000 (€ 600,000 x 1.60 = $ 960,000), that is, an arbitrage loss of -40,000 in relation to the initial investment.

Finally you must return in the opposite direction:

$ 1,000,000 / 1.6 (€) / 1.2 (£) * 2 - $ 1,000,000 = $ 41,666.66 that is, an arbitrage profit.

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4 years ago

When early settlers needed to buy farming equipment and supplies, they often would use the milk, eggs, and crops their farms pro

Tasya [4]

Answer:

The correct answer is A)

Explanation:

There is no good or service that is unlimited.

The concept of the Barter system was simply a method of exchanging value for value.

It was phased away due to several reasons:
It was not a good store of value as many of the goods were perishable
it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange

Cheers!

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3 years ago

What's the difference between current balance and available balance?

pickupchik [31]

Your current balance is the amount of money in your account at the beginning of a business day. This amount does not include any pending deposits or withdrawals. Your available balance is your current balance minus any pending debit card purchases, automatic drafts, processing checks or other debits from your account

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3 years ago

Production and sales estimates for April for Crane Co. are as follows: Estimated inventory (units), April 1 19,000 Desired inven

melisa1 [442]

Answer:

a. 11,000 units

Explanation:

Particulars Amount

Expected Sales (units) 12,000 [3000+4750+4250]

Add: Ending inventory 18,000

Less; Beginning inventory 19,000

Number of units expected to be manufactured 11,000 

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3 years ago