<span>Containerization was developed to facilitate long-distance transport by ________ before transferring to trucks and trains.
SHIP
</span>
Answer:
When FOB shipping point is used, buyer pays the freight. When FOB destination is used, the seller pays the freight.
a. Purchased merchandise with freight costs of $650. The merchandise was shipped FOB shipping point.
- the Box Company is responsible for paying the freight charges ($650) and they are classified as product costs.
b. Shipped merchandise to customers, freight terms FOB shipping point. The freight costs were $310.
c. Purchased inventory with freight costs of $1,500. The goods were shipped FOB destination.
d. Sold merchandise to a customer. Freight costs were $520. The goods were shipped FOB destination.
- the Box Company is responsible for paying the freight charges ($520) and they are classified as period costs.
Answer:
D. assets - liabilities = shareholders' equity
Explanation:
The balance sheet paint the picture of the real accounting equation.
Shareholders' equity + Liability = Asset
That is, Asset - Liability = Shareholders' equity
Answer:
Explanation:
The journal entry to record the issuance of common stock is shown below:
Cash A/c Dr $30,000 (2,500 shares × $12)
To Common Stock $12,500 (2,500 shares × $5)
To Additional Paid-in Capital in excess of par - Common Stock $17,500
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account and credited the common stock and additional paid-in capital account
According to statistical data, it is indeed <u>TRUE </u>that less than 20% of U.S. workers are dissatisfied with their jobs.
According to recent labor statistics:
- 85% of Americans are satisfied with their jobs
- Most Americans don't mind the roles they execute at work
If 85% of people are satisfied then the percentage is potentially dissatisfied is:
= 100% - 85%
= 15%
It is therefore true that less than 20% are dissatisfied.
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