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NARA [144]
3 years ago
5

Techilex delivers timber directly to furniture manufacturers. The company takes legal possession of the timber it distributes. T

he company doesn't physically process timber but it facilitates timber's safe delivery to the clients. In this scenario, Techilex is a(n) __________.
Business
1 answer:
Sindrei [870]3 years ago
8 0

Answer:

The correct answer is drop shipper.

Explanation:

Drop shipping can be defined as one of the supply chain management method where the vendor does not stock any product.

In drop shipping when a vendor gets any order from the customer, the vendor forwards it to the third party for order fulfillment and then ships the product directly from the third party to the customer by the name of the vendor.

According to the scenario, techilex does not store any product but only facilitates delivery for the products shows the drop shipping type of business.

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Consider the following information pertaining to OldWest's inventory:
kipiarov [429]

Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product     Quantity    Total Cost     Total Net Realizable Value

Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

Choosing Which one is lower for each product

Product     Quantity    Rate        Total Value

Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

Hats               9            $48               $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

4 0
3 years ago
In most situations, asset values do not equal the amount of money that could be realized if the assets were sold.
charle [14.2K]

Answer:

True

Explanation:

The answer to this question is true. The recording of assets is usually done at cost. This is equivalent to the value that was exchanged when the asset was sold. In a country like the United States for example, if an asset such as a land or machine gets to appreciate in value after a period of time, it is not usually revalued. Therefore the answer to this question is true.

4 0
2 years ago
The par value of common stock must always be equal to its market value on the date the stock is issued.
Lemur [1.5K]

TRUE, the par value of the common stock must always be equal to its market value on the date the stock is issued

The par value of the common stock must always equal the market price on the date the stock was issued. The issuance of common stock affects both paid-in capital and retained earnings. If the preferred stock has a par value of $50 and the dividend is estimated at 8%, the dividend per share will be $4.

Par value is the value of one share of common stock as set forth in the company's articles of incorporation. It usually has nothing to do with the actual value of the stock. In reality it is often lower. Share certificates issued against the shares purchased show the par value. When approving shares, the company can choose whether to assign a par value.

Learn more about par value here:brainly.com/question/25765493

#SPJ4

5 0
2 years ago
Because they can move assets and jobs from country to country, MNCs typically __________ over the economies, politics, and cultu
Usimov [2.4K]

Answer:

a. Have influence

8 0
3 years ago
Which of the following activities is a way that retailers help to lower the cost
IceJOKER [234]

Answer:

combining shopmente6of prod6

6 0
3 years ago
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