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saul85 [17]
3 years ago
8

Ace Corp., a company based in New York, uses the delivery services of Red Source Inc. to ship machinery to a customer located in

Boston. If the contract is a normal shipment contract_________
Business
1 answer:
Galina-37 [17]3 years ago
4 0

Answer:

The correct answer is Ace Corp. will bear the risk of loss until the goods are delivered to Red Source.

Explanation:

A normal shipping contract does not handle levels of security like one that is fully guarded. Shipping companies give priority to these types of shipments and make special follow-up so that they are handled delicately, delivery times are met and they are insured, in this way there is full certainty that the merchandise arrives in good condition.

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Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a co
tia_tia [17]

Answer:

the answer is b

Explanation:

cause its the annual cash outflow

5 0
2 years ago
Spartan Systems reported total sales of $374,400, at a price of $24 and per unit variable expenses of $13, for the sales of thei
V125BC [204]

Answer:

$214,500

Explanation:

For the computation of the amount of contribution margin first we need to follow some steps which are shown below:

No of units sold = Total sales ÷ selling price per unit

= $374,400 ÷ $24

= $156,00

Variable cost = No of units sold × Variable cost per unit

Variable cost = $15,600 × $13

=$202,800

Contribution margin = Sales - Variable cost

= $374,400 - $202,800

= $171,600

CM ratio = Contribution margin ÷ Sales

= $171,600 ÷ $374,400

= 0.46

Contribution margin = CM ratio × Sales Contribution margin

= 0.46 × (1.25 × $374,400)

= $214,500

3 0
3 years ago
Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
Andreyy89

Answer:

B. causing the interest expense to be lower than the bond interest paid

Explanation:

3 0
2 years ago
What is the first step when creating a 3-D range name?
Anton [14]

Answer:

C. Open the Name manager, and click New

Explanation:

3 0
2 years ago
Kirkland sells season tickets for six events at a price of $48. For the 2013 season, 2,700 season tickets were sold.
alexira [117]

Answer:

a. Assets = Liabilities + Stockholders' Equity = $129,600

b. Debit Unearned ticket revenue for $129,600, and Credit Total revenue for $129,600.

c. It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.

Explanation:

a. Use the horizontal model to show the effect of the sale of the season tickets. (Enter decreases to account balances with a minus sign.)

Note: See the attached excel file for the horizontal model showing the effect of the sale of the season tickets.

In the attached excel file, the following calculation is done:

Cash = Unearned ticket revenue = Price per season ticket * Number of season tickets sold = $48 * 2,700 = $129,600

Since Stockholders' Equity is equal to zero in the attached excel file, we have:

Assets = Liabilities + Stockholders' Equity = $129,600

b. Use the horizontal model (or write the journal entry) to show the effect of presenting an event.

The journal entry will look as follows:

<u>General Journal                          Debit ($)              Credit ($)     </u>

Unearned ticket revenue            129,600

Total revenue                                                             129,600

<em><u>(To record the effect of presenting an event.)                             </u></em>

c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?

It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.

Download xlsx
4 0
2 years ago
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