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telo118 [61]
2 years ago
9

When goods are shipped FOB destination and the seller pays the freight charges, the buyer a.journalizes a reimbursement to the s

eller b.does not take a discount c.makes no journal entry for the freight d.journalizes a reduction for the cost of the merchandise
Business
1 answer:
Ksju [112]2 years ago
4 0

When goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.

<h3>What are the journal entries for FOB destination transactions?</h3>

When merchandise is sold on FOB destination terms, it implies that the seller is legally responsible for the safety of the goods until delivered to the buyer.  In most cases, the buyer does not pay for the freight.

In such a case, the Seller also records the delivery expense or freight as a period expense.

The buyer does not make any journal entry for the cost of delivery or (freight).  Since the seller bears all the delivery risks, the buyer can only pay for the cost of the goods when they reach the buyer's destination.

Thus, when goods are shipped FOB destination and the seller pays the freight charges, the buyer c.makes no journal entry for the freight.

Learn more about FOB destination deliveries at brainly.com/question/24920251

#SPJ1

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Answer:

are last in line to receive income.

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However they are also called unsecured creditors of the company because when the business makes income they are the last in line to receive dividends if any remains.

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Question Completion with Options:

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Answer:

The option that is not a standard organizational structure is:

iv. Committee Organisation Code

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The organizational structure adopted by an entity reflects how some of its rules, roles, and responsibilities are directed between organizational levels in order to achieve its goals. The organizational structure also shows the information flows between different levels within the entity.  Traditionally, organizations maintained hierarchical, functional, divisional, matrix, and flat organizational structures.  Given current digitalization with its internet of things (IoT), more decentralized, network, and team-based organizational structures have emerged.

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Answer:

a: 12.8%

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  • Formula of Standard Deviation and the solution is given in the pictures below.
  • Although ERR the required part to calculate Standard Deviation is calculated in the text.

Calculating ERR:

ERR= Sum of Probabilities × Rate of returns.

In our question = ERR= 0.2 × 30% + 0.5 × 10% + 0.3 × (-6%) = 0.128 = 12.8%

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