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eimsori [14]
3 years ago
15

On January 1, goods were picked up by a FedUp Delivery, Inc. The goods arrived at the customer's place of business on January 12

. If the seller recorded the sale on January 1, then the terms must have been FOB:__________
Business
1 answer:
vichka [17]3 years ago
3 0

Answer:

Shipping point

Explanation:

FOB stands for the Free On Board, FOB shipping point, also referred or acknowledged as the set the terms of the delivery which transfers the goods title to the buyer, when the shipment is placed on the delivery truck. This also states that the buyer needs to pay the cost of the shipping.

So, when the goods which were delivered on January 1, then the seller records the sale on January 1, then the terms must have FOB shipping point.

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The materials price variance is calculated using the ______ quantity of the input purchased.
Yakvenalex [24]

Answer:

the answer is: calculator

6 0
2 years ago
Jack Palomo has deposited $2,500 today in an account paying 6 percent interest annually. What would be the simple interest earne
andrey2020 [161]

Answer:

the answer is a 6 ÷ 2500 ×5

6 0
4 years ago
Selling price per unit = £0.63
ikadub [295]

Answer:

368 units

Explanation:

The Break-even point is calculated by dividing fixed cost by the contribution margin per unit.

Fixed cost = £140

Contribution margin per unit = Selling price per unit - variable cost per unit

Selling price = £0.63 : Variable cost :  £0.25

Contribution margin per units =£0.63 - £0.25

=£0.38

Break-even point = £140 / £0.38

=368.42

=368 units

5 0
3 years ago
On May 15, Monique Company purchased $40,000 of merchandise from the Terrell Company, with terms of 1/10, n/30. On May 17, Moniq
svetlana [45]

Answer:

May-15. Dr Merchandise inventory  40000

           Cr  Accounts payable         40000

   ( To record purchase of inventory)

May-17. Dr Merchandise inventory    310

                             Cash                             310

      (To record payment of freight of shipment)

May-20. Dr Accounts payable  800

                         Cr Merchandise inventory    800

      ( To record purchase return of inventory)

May-24. Dr Accounts payable  (40000-800)   39200

                         Cr Cash                                                  39200

      ( To record payment in full of inventory purchase)      

3 0
3 years ago
An insured pays her Major Medical Insurance premium annually on March 1. Last March she forgot to mail her premium to the compan
zysi [14]

Answer:

Pay the claim and the accident occurred during the grace period

Explanation:

Grace period is the period or the set length of the time after the due date during that the payment is to be made without any penalty by the insurer or the person.

The grace period mostly is of 15 days and it is usually involves in the insurance contact and the mortgage loan.

So, in this case, the insurer forget to pay the premium but on march 19, she met with an accident and broke her leg, then the insurance company will be paying the claim as the accident happened during the grace period.

3 0
3 years ago
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