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Reika [66]
3 years ago
5

Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per

petual inventory system?
Business
1 answer:
Alexxandr [17]3 years ago
3 0
The answer for this is <span>freight-out
</span>The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
<span>In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).</span>
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Answer:

3 times per year

Explanation:

ROI = Profit/Sales * Sales/Asset

30% = 1,050,000/10500000 * Asset Turnover

30% = 10% *  Asset Turnover

Asset Turnover = 30%/10%

Asset Turnover = 3 times per year

7 0
2 years ago
Procter &amp; gamble's tide laundry detergent has a predominant share of the detergent market in the united states. It makes $4.
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Answer: b. Cash Cow  

In the Boston Consulting Group’s market growth/market share matrix, a business is classified as a cash cow if it holds the leading market share in its market, but the market does not provide much opportunities for growth.

Since Tide holds a predominant share in the detergent market in United States and since the detergent market is saturated, we can classify Tide as a cash cow.

The cash generated from cash cows are generally used to fund other projects and research and development.

7 0
3 years ago
In recent​ years, economists have begun to use height as a measure of health​ and, indirectly, general​ well-being. Over​time, p
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Answer:

E.  Faced with a negative population growth​ rate, the country relaxed immigration control norms 25 years ago.

Explanation:

Given that<u> immigrants increase the population</u> and that they may come from a less healthy environment, having a less healthy background is very common for them. Even if the domestic population had a high average height, t<u>he mean value will surely decrease</u> to the lower height of the immigrants.

Therefore, a correlation between economic growth and average health measured by height can be undermined, given E) is true.

5 0
3 years ago
Under which circumstance might you receive a tax refund from the IRS?
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If you over pay or if you happen to do something and the IRS give you something but it is not normal for the IRS to give
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5 0
3 years ago
The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to Whi
gogolik [260]

Complete question:

On January 1. Year 1. White Co. sold a property with a remaining useful life of 20 years to Blue Co. for $900.000. At the same time. White entered into a contract with Blue for the right to use the property (leaseback) for a period of 6 years. with annual rental payments of 580.000 that approximate the market rental payments for similar properties. On January 1. Year 1. the carrying amount of the property was 5680.000. and its fair value was 5770.000. A discount rate for the lease of 10% is used by both White and Blue. The present value factor for an ordinary annuity at 10% for 6 periods is 4.3553. The lease does not transfer the property to White at the end of the lease term and does not include a purchase option.  

What amount of lease expense for the right of use of the property is recognised by White in Year 1 ?

A. $0

B. $130,000

C. $90,000

D. $220,000

Answer:

$90,000 amount of lease expense for the right of use of the property is recognised by White in Year 1

Explanation:

If the leaseback is known as an operating lease, the original transition to the buyer-lessor of the asset should be taken into account as the selling of an asset, given that all the income identification requirements have been fulfilled.

If the deal is of equal value, the lender lease is informed of the gain or loss of sale between the purchase price and the sum of the land that is held. Yet this is not a equal value trade. The property's sale price is higher than its market value. Accordingly, the income or loss on sale seems to be the difference between the equal worth and the value of the land.

Therefore, on 1 January, White records a benefit of $90,000 in revenue of $770,000 (fair value of $680,000 in carrying amounts)

4 0
3 years ago
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