1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RSB [31]
2 years ago
9

Ordering cost only consists of the shipping cost from supplier to customer. True or False

Business
2 answers:
Irina18 [472]2 years ago
8 0

Answer: false

Explanation:

Ordering cost entails;

•Preparation of supplier's order

•Cost of placing the order is involved

•Documentation cost

•Inspection cost

Ordering cost handles expenses when purchasing an order, what is required to check the availability of the product ordered, and all other cost it would require when coordinating cost for a particular item requested from or by a customer.

Dennis_Churaev [7]2 years ago
3 0

Answer:

False

Explanation:

Ordering costs are the costs incurred when materials are requested for. These components of this cost are:- 1)Clerical and administrative costs involved in purchasing and accounting for the goods ordered.

2)Cost of transportation

3)Retooling cost: This happens when the product is manufactured internally. Retooling means change of working tools.

4)Insurance while in transit.

5)Drivers' salaries and allowances

6)Loss of materials while in transit.

7)Taxes, custom duties and import duties.

You might be interested in
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances
Maru [420]

Answer:

                                              30-Nov                 31-Dec

                                       debit      credit        debit      credit

supplies                       $2,000                    $3,500

prepaid Insurance      $8,000                    $6,000

salaries payable                           $11,000                  $16,000

unearned revenue                       $3,000                    $1,500

1. Purchases of supplies in December total $4,500.

Dr Supplies expense 3,000

    Cr Supplies 3,000

beginning balance = $2,000 + $4,500 = $6,500

supplies expense = $6,500 - ending balance

2. No insurance payments are made in December.

Dr Insurance expense 2,000

    Cr Prepaid insurance 2,000

Insurance expense = November 30's balance - December 31's balance

3. $11,000 is paid to employees during December for November salaries.

Dr Salaries expense 16,000

    Cr Salaries payable 16,000

The beginning balance of salaries payable = $11,000, then it was paid (balance = $0), so any ending balance represents wages expense.

4. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January.

Dr Unearned revenue 1,500

    Cr Rental revenue 1,500

Monthly rent revenue = $4,500 / 3 = $1,500

unearned revenue balance Nov. 30 = $3,000

unearned revenue balance Dec. 31 = $1,500

rental revenue = Nov. 30's balance - Dec. 31's balance

8 0
3 years ago
DeKay Dental Supplies issued $10,000 of 20-year bonds on January 1, 2021. The bonds pay interest semiannually. This is a partial
valina [46]

Answer:

8%

Explanation:

Calculation to determine the stated annual rate of interest on the bonds

First step is to calculate Semi annual coupon rate

Semi annual coupon rate= 400 ÷ $10,000

Semi annual coupon rate= 4%

Now let determine the Annual rate of interest

Annual rate of interest= 4% × 2 (Semiannually)

Annual rate of interest= 8%

Therefore the stated annual rate of interest on the bonds is 8%

7 0
3 years ago
Federal Trade Commission (FTC) regulations require that: Multiple Choice all used cars be sold with a warranty. used car buyers
alekssr [168]

Federal Trade Commission (FTC) regulations require that used car buyers be informed of whether or not the vehicle comes with a warranty.

<h3>What is the Federal Trade Commission </h3>

The Federal trade commission is a body that is saddled with the responsibility of enforceing federal consumer protection laws which are aimed at preventing fraud, deception and unfair business practices.

The Commission also prevents federal antitrust laws that guides against anticompetitive mergers and other business practices that could result in higher prices, fewer choices, or less innovation.

Learn more about the FTC at brainly.com/question/2376957

5 0
2 years ago
On November 1, 2017, Columbo Company adopted a stock-option plan that granted options to key executives to purchase 30,000 share
Harrizon [31]

Answer and Explanation:

The answer is attached below

4 0
2 years ago
A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents
NeX [460]

Answer:

The $200,000 represents the revenue and the $50,000 represents the profit.

Explanation:

4 0
2 years ago
Other questions:
  • An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?
    5·2 answers
  • Pittsboro Corporation produces and sells a single product. Data for that product are: Sales price per unit $590​ Variable cost p
    14·1 answer
  • Which of the following is true of​ cartels?
    11·1 answer
  • You have just received notification that you have won the $2.5 million first prize in the Centennial Lottery. However, the prize
    13·1 answer
  • ​(Related to Checkpoint​ 5.2) ​(Future value) ​(Simple and compound​ interest) If you deposit ​$1 comma 000 today into an accoun
    9·1 answer
  • On December 15, 19x5, FLM Corporation exchanged 2,000 shares of $10 par value common stock for land. The current market price of
    12·1 answer
  • If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost func
    5·1 answer
  • Before making month-end adjustments, net income of Bobwhite Company was $232,500 for March. Adjusting entries are necessary for
    13·1 answer
  • In a monopoly:_________.
    15·1 answer
  • Assuming that all occupied blocks need to be moved, how long will it take to compact the memory
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!