Answer: Destination Contract.
Explanation:
Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.
The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.
The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.
After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.
The definition in my own words are:
- Cash Basis of Accounting: is type of accounting that that makes use of revenues and expenses at the time cash is received.
- Accrual Basis of Accounting: The accrual basis of accounting focus on recording revenues .
- Matching Principle: can be regarded as accounting concept that focus on companies report expenses .
- Time-Period Principle: is one that a business should report the states that financial results of its activities .
- Accounting Period: serves as the period of time that is used for accounting functions, this can be a fiscal year.
<h3>What is accounting?</h3>
Accounting serves as the process which involves the recording as well as summarizing business and financial transactions.
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Answer:
The percent of investment that the project costs can be referred to as all of the following, except:_________.
a) required return
Answer:
Cost of goods sold: 71,000.00
Explanation:
Cost of goods sold (COGS) is the sum of the direct costs attributable to the production of the goods sold in a company.
Formula:
COGS = Beginning Inventory + Purchases during the period − Ending Inventory
Purchases during the period includes Cost of Goods Manufactured and Manufacturing Overhead
In this particular case:
COGS = 3,000.00 + 65,000.00 + 9,000.00 - 6,000.00 = 71,000.00
Planning is the primary management responsibility which includes the process of creating budgets.
Planning provides a framework for a businesses financial objectives typically for the next three to five years. Thus, budgeting details how the plan will be carried out month to month and covers items such as expenses, revenue, expenses, potential cash flow and debt reduction.
A budget helps create financial stability. So by tracking expenses and following a plan, a budget can make it easier to pay bills on time, build an emergency fund, and save for major expenses etc.
Hence, a budget planning puts a person on stronger financial footing for both the day-to-day and the long term.
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