The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs is "Drop Shipping."
<h3>What is drop shipping?</h3>
When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.
Some key features of drop shipping are-
- A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.
- A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices.
- Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.
- Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer.
- It provides both big and small businesses with a way to source goods, earn some extra cash, and free up some storage space.
To know more about drop shipping, here
brainly.com/question/13959949
#SPJ4
Answer: Debit Notes Receivable 7,800
Sales(to record sales) 7,800
Explanation:
When a customer signs a promissory note in exchange for commodity then the entry to record sales is recorded by debiting notes receivable.
here, sales = $7,800 = Debit Notes Receivable
The entry to record the sales transaction would be
Debit Notes Receivable 7,800
Sales(to record sales) 7,800
Answer: The correct answer is "recorded in equity recorded in equity, as part of other comprehensive income.".
Explanation: Gains or losses on cash flow hedges are <u>recorded in equity, as part of other comprehensive income.</u>
<u>The gains or losses of a cash flow hedge must be recorded, as part of other comprehensive income, in equity.</u>
Answer: Please refer to Explanation
Explanation:
M1 is the narrowest definition of money supply. It refers to the most liquid or instruments and includes actual currency as well as money in checking accounts.
M2 is the next type of of money. It includes EVERYTHING in M1 and then also includes savings deposits, time deposits, and money market funds.
Now,
Classifying the above will go as,
Gold - Neither M1 or M2
Traveler's check - M1 and M2
Balance in savings accounts - M2 only
Money market account balance - M2 only
Credit cards - Neither M1 or M2
Common stock - Neither M1 or M2
Certificates of deposit - M2 only
Currency - M1 and M2
Balance in Checking accounts - M1 and M2
It is worthy of note that there is no M1 only. This is because as stated in the definition, all M1s are in M2.
