Answer:
b. It may be used to estimate inventories for interim statements.
Explanation:
As we know that
Gross profit = Sales - the cost of goods sold
By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.
Therefore, for interim statements, the gross profit method is required.
The roles of these professional associations have been variously defined: "A group of people in a learned occupation who are entrusted with maintaining control or oversight of the legitimate practice of the occupation;"[1]also a body acting "to safeguard the public interest;"[2]<span> organizations which "represent the interest of the professional practitioners," and so "act to maintain their own privileged and powerful position as a controlling body."</span><span>[2]</span>
Answer:
Goods shipped by the owner to the consignee who sells the goods for the owner.
Explanation:
Consignment goods -
It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .
The consignee receives certain amount of money as commision for the goods .
This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .
Hence , from the given question ,
The correct option is first one .
Answer:
O new goods blas
Explanation:
new products are not included in the index at first, leading the Price to decrease often associated with new technological changes in production does not reflect in the index.
Answer:
We can assume that both Strike and Bailey are American companies and that they operate in that US under the UCC rules. Under UCC rules they are both considered merchants since they trade with the goods related to the contract. Strike's offer was very precise and Bailey's acceptance was made in a reasonable manner which can be considered a valid acceptance.
The only difference exists with the shipping company, which the UCC rules consider a conflicting term and Strike should have either objected or ratified it before sending the goods. Since Strike didn't object Bailey's terms, then by using a different truck company it is breaching the contract.
