when merchandise is shipped f.o.b. destination for goods shipped f.o.b. destination, title does not pass until the buyer receives the goods from a common carrier.
Free on board is referred to by the abbreviation FOB. Title does not transfer until the carrier delivers the items to the buyer if the products are transported FOB destination, with the seller covering all shipping expenses. While in transit, these items are a part of the seller's inventory.
While FOB destination retains the seller responsible for the goods up until they are delivered to the client, FOB shipping point holds the seller responsible for the goods up until they start their journey to the consumer. "Incoterms 2020," International Chamber of Commerce.
The shipping abbreviation FOB (Freight on Board) Destination denotes that until the items are delivered to the buyer, the seller retains legal ownership of them. In this instance, the seller covers all freight charges up until the items are delivered to the customer, including the cost of freight transportation.
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Answer:
<em>A. Cycle inventory exists to avoid customer service problems.</em>
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Explanation:
Cycle inventory is the part of inventory kept by a supplier, that shows the amount of inventory available to satisfy demand. Cycle inventory allows the supplier to keep track of his available inventory so as to remove the problem of not meeting customers demand, which can led to loss of customers. And also to reduce the problem of over-storage that can lead to additional holding charge.
Answer:
Explanation:
The effect of this policy will lead to both the leftward shift in the labor demand curve and the higher minimum wage will
lead to an increase in the unemployment rate because once the minimum wage increases, firms will have to pay higher salaries and this will lead to higher costs and therefore firms will retrench employees
Answer:
1.
(a) Number of dough and chocolate chips = 300
(b) Maximum number of cookies = 27000000
2.
(a) Number of dough and chocolate chips = 10
(b) Minimum cost of production = $60
Explanation:
See the attached file for the calculation
Answer:
The fair value of $ 60 comma 000
Explanation:
Although under US GAAP, the basic accounting principle is historical cost principle in which original cost of purchasing assets are used to record most assets, especially fixed assets, despite that there might have been significant rise in their value over time.
However, not all assets are recorded at their historical cost. Financial assets which are intangible such as market securities are recorded in the balance sheet at their fair value. Intangible assets which have impaired are reduced their fair value from the historical cost.
Since investments in equity securities (in Essence Company) by Kyler Shea Productions is an intangible marketable security, the appropriate amount for Kyler Shea Productions to report for these investments on the December 31, 2018 in the balance sheet is fair value of $ 60 comma 000.