FOB <u>destination</u> is the term used when ownership of the goods transfers to a buyer when the goods arrive at the buyer's place of business.
<h3>What is FOB destination?</h3>
FOB which full meaning is freight on board is a form of goods or product shipment in which the seller is fully incharge or in possession of the goods until the goods reach the buyer destination in which the ownership of the goods is then transfers to a buyer.
Once the ownership of the goods transfers to a buyer, this means that the buyer is the owner of the goods and is liable for any damage that occur to the goods.
Inconclusion FOB <u>destination</u> is the term used when ownership of the goods transfers to a buyer when the goods arrive at the buyer's place of business.
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Answer:
Allocated operating costs= $576,000
Explanation:
<u>First, we need to calculate the predetermined operating costs allocation rate:</u>
Predetermined operating costs allocation rate= total estimated operating costs for the period/ total amount of allocation base
Predetermined operating costs allocation rate= (480,000 / 3,000) + 800
Predetermined operating costs allocation rate= $960 per hour
<u>Now, we can allocate overhead to Night Light Division:</u>
Allocated operating costs= Predetermined operating costs allocation rate* Actual amount of allocation base
Allocated operating costs= 960*600
Allocated operating costs= $576,000
Answer:
C- Should be corrected as soon as they are discovered
Explanation:
If error occur in recording process they should be corrected as soon as they are discovered although the errors are usually unintentional mistakes made when recording . Small recording errors might cause major distortions in the overall figures.
Although the suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance in which
Adjusting entries are posted in the general ledger to correct errors detected in the trial balance.
Answer:
A) True
Explanation:
The GAAP doesn't allow corporations to record any income or loss from investments in its own stock (repurchase and reissuing) since transactions involving the owners of the corporation cannot result in profit or losses. Shareholders are the owners of the corporation and it cannot make a profit or loss by selling to itself.
Reissuing or repurchasing of stock only affects the balance sheet, like all transaction involving stocks.
Call reluctance is what they are suffering from if they tend to avoid customers.
<h3>
What is Customer interaction?</h3>
Every company is at the mercy of the people who use it. The market is cutthroat, and consumer expectations have skyrocketed. Simply put, providing a quality good or service is insufficient. The positioning of your brand in the market, however, can be greatly influenced by the relationships you build with your customers. While discussing the importance of customer interactions, it's important to keep in mind that the customer experience is a continuous process. Building stronger ties with your customers is a continuous process.
Before we go into the specifics of how customer interaction can be advantageous for your business, it is crucial to understand what it is. Addressing customer needs and ensuring they are met through the provision of your good or service is referred to as customer interaction. Companies frequently employ salespeople with the necessary training to conduct these customer interactions. Overall, having a better understanding of your customers can give you a competitive edge.
Thus, customer interaction should be taken care of well.
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