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1 year ago

What is an arrangement in which the supplier maintains title to the inventory until it is used?.

Business

1 answer:

Advocard [28]1 year ago

3 0

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<u>Consignment inventory</u> is an arrangement in which the supplier maintains title to the inventory until it is used.

<h3>What is Consignment Inventory?</h3>

Consignment inventory is a supply chain model in which a product is sold by a retailer, but ownership is retained by the supplier until the product has been sold. Because the retailer does not actually buy the inventory until it has been sold, unsold products can be returned.

In other Term, Consignment inventory is a supply chain strategy or business agreement in which the consignor (i.e., wholesaler, supplier, manufacturer) gives the goods to a consignee (i.e., the retailer) to sell.

The consignor still owns the products and the consignee will only pay for them once they’ve been sold.

For instance, a retailer may strike up a consignment agreement with a fashion designer and agree to sell the designer’s clothes in-store. The retailer will only pay for the goods that are sold, and the rest will be returned to the designer.

Therefore, we can conclude that the correct option is B.

Your question is incomplete, but most probably your full question was:

What is an arrangement in which the supplier maintains title to the inventory until it is used?

A. postponement

B. consignment inventory

C. delayed transfer

D. supplier control

B. consignment inventory

Learn more about Consignment Inventory on:

brainly.com/question/13376533

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Dawson states that he is Chairman of the Board and the Chief Executive Officer of the company. This makes him:

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Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each De

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The following journal entry will be passed in the books of accounts and the interest expense is calculated to an amount of $9600

<u>Explanation:</u>

Given data:

amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years

the following calculation is made in order to find out the amount of interest:

Amount of note minus principal payment multiply with rate of interest

now, putting the figures in formula:

interest = 200000 minus 40000 = $160000 multiply with .06 = $9600

Thus, the interest amount = $9600

The interest expense will be debited with an amount of $9600 in the books of accounts.

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3 years ago

What is an arrangement in which the supplier maintains title to the inventory until it is​ used?.

What is an arrangement in which the supplier maintains title to the inventory until it is used?.