Answer:
50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.
This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.
This wage would be very close to the median wage in the United States.
Answer:
$1,050,000
Explanation:
Budgeted purchases= coats in inventory + budgeted sales- Beginning inventory expected coats
Budgeted purchases = 6,000 + 12,000 - 4,000 = 14,000 suits
14,000 suits x $75/suit = $1,050,000
Therefore the dollar amount of the purchase of suits if each coat has a cost of $75 is $1,050,000
Answer:
<h2>Under FOB destination contract,the monetary transaction from the shipment delivery of not officially recorded by the seller until it is finally delivered to the buyer at the delivery point.Hence,the correct answer is option a. or True.</h2>
Explanation:
The FOB destination contract does not officially recognize the completion of any shipment or transactions associated with it until it is handed over the to the buyer at the delivery point.While the good/s or shipment is in transit,the tile remains with the seller until it is finally handed over to the buyer,when the tile passes to the buyer.Now,at the delivery point when the buyer actually obtains the product or shipment and officially claims the title,the transaction can be considered to be officially completed and approved.At this point only,the seller can officially record any monetary transaction or revenue generated by the sale of the concerned good or shipment.
The BEST way to handle the situation is to work with central warehouse to arrange a predictable delivery time. Whereas, the WORST way to handle the situation is to change the delivery system so that goods are delivered only once a month.
So, if you are the manager of a retail store, and the shipments of the products you sell arrive once a week from the central warehouse you need to pull a couple of your workers from inside the store who can unload the shipments. As the truck arrives any time in a day, this creates problem as the workers are not availabe whenever the shipment arrives.
The best way through which one can handle the situation is by working with central warehouse to get appropriate information on the delivery date and so that the workers are made available accordingly. Whereas, the worst way to handle this situation is by changing the delivery system.
Hence, options 2 and 3 are correct.
To learn more about delivery system here:
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