1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brut [27]
4 years ago
6

The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freigh

t terms by selecting all of the correct statements below. (Check all that apply.)
(a)-Terms FOB shipping point means the seller of the goods is responsible for freight charges.

(b)-Terms FOB destination means that the seller is responsible for shipping costs.

(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.

(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.

(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.

(f)-When the shipping costs are the responsibility of the seller, then the Merchandise Inventory account is debited.
Business
1 answer:
Bas_tet [7]4 years ago
7 0

Answer:

c,d and e

Explanation:

The correct statements given in the options are as stated below:

(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.

<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.</em>

(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.

<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods</em>

(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.

<em>This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery</em>

You might be interested in
Firm A has earnings-per-share of $3.00. Firm B has earnings-per-share of $2 and a price-per-share of $30. Using the Price/Earnin
stealth61 [152]

Answer:

Company A's price per share is $45

Explanation:

The P/E ratio of one company can be used by investors and analysts to determine the value of another companie's stock in the industry. This is called apples-to-apples comparism.

The P/E ratio is used to value a company by comparing its share price to earnings per share.

P/E ratio= market value of shares/ earnings per share

For company B

P/E ratio= 30/2= $15

Using company B's P/E ratio as a benchmark for company A

15= Price per share /3

Price per share = 15*3= $45

8 0
4 years ago
Which symbol should you use for entering a formula in a cell?
Pavlova-9 [17]

Answer:

b) =

Explanation:

The equal sign ( = ) is the symbol that should be used for entering a formula in a cell. Hence, option (b) is the answer.

3 0
2 years ago
What is a good and easy 1 credit class to take on FLVS?
san4es73 [151]

Answer:

Web Design I & II

Explanation:

Worth a whole credit each, the web design courses on FLVS are fun and and interesting, but there's a lot of focus needed to make sure you're doing everything right. Since you'll be creating your very own website using Dreamweaver and Fireworks, you'll have to follow instructions laid out in the modules closely. If you're good at focusing and following extensive directions, then you should be fine with the course. Depending on how computer savvy and focused you are, completion time can range from a week to months.Either way, it's an easy course and can be a huge grade booster since as long as you follow directions, you can easily earn a 95% or higher in the class with barely any mindful effort.

8 0
3 years ago
Read 2 more answers
Felix is riding his bicycle. his ability to sense how his torso is adjusting to the speed of his cycling and how his legs are pu
Dmitry_Shevchenko [17]
The asnwer to this question is <span>kinesthesia
</span>kinesthesia refers to the concious movement of <span>the parts of the body by means of sensory organs in the muscles and joints area.
In specific type of sport such is cycling, this movement focused on the joint and muscle positioning that is done in order to leverage enough force to turn the wheel.</span>
6 0
3 years ago
Read 2 more answers
First, add Accounts Payable—J. C. Hollings and Accounts Payable—Craft Bank from the
Dvinal [7]
12. After posting the journal entries to the ledger, the balance of the Cash account is <span>Credit $1,042.92.

13. </span>After posting the journal entries to the ledger, the balance of the Equipment—Store account is <span>Debit $4,500
</span><span>
14.</span>On May 3, the balance of the Equipment—Office account is <span>Debit $690
</span><span>
15. T</span>he balance of the Accounts Payable—Bellhaven Bank account is <span>Debit $1,000</span>
<span>
16. </span>After posting the journal entries to the ledger, the balance of the Supplies account is Debit $542.92

17. After posting the journal entries to the ledger, the balance of the Accounts Payable—Craft Bank account is <span>Credit $3,500

18. </span><span>After posting the journal entries to the ledger, the opening balance of the P. Woodsley—Capital account was unchanged.

19. The entry </span>you make in the Post Ref. column of the ledger to show that you posted the transactions from the journal is <span>J1

20. </span> Asset accounts are increased by entries to the debit side of the account.


Pretty sure I got all of them! Hope this helps!!
7 0
3 years ago
Read 2 more answers
Other questions:
  • Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear$35.00 Total fixed
    5·2 answers
  • All the following items are similar to each other except one. Which item is least like the others?
    8·1 answer
  • . What should you do if your driver’s license is suspended or revoked or if your driver history changes?
    10·1 answer
  • Critical to any listing contract is the question of when the broker becomes entitled to a commission. Traditionally, the broker
    9·1 answer
  • Which of the following customers generally switch companies easily
    6·1 answer
  • Sean has placed a job ad and is now interviewing potential employees. Which of the following questions is he legally allowed to
    12·2 answers
  • True or False? Modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier i
    15·1 answer
  • All of the following are examples of body language except:
    10·2 answers
  • Marie's Fashions is considering a project that will require $41,000 in net working capital and $60,000 in fixed assets. The proj
    13·1 answer
  • *will give Brainliest if correct!*
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!