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erastova [34]
3 years ago
9

If a sells to b, and b obtains title while goods are in transit, the goods were shipped _______. if c sells to d, and c maintain

s title until the goods arrive at d's door then the goods were shipped
Business
1 answer:
yKpoI14uk [10]3 years ago
5 0
<span>If a sells to b, and b obtains title while goods are in transit, the goods were shipped FOB SHIPPING POINT.

If c sells to d, and c maintains title until the goods arrive at d's door then the goods were shipped FOB DESTINATION.

FOB stands for Free on Board. The recording of the sale will be dependent on whether it is FOB shipping point or FOB destination. In FOB shipping point, the buyer becomes the owner of the item when it is shipped. In FOB destination, the buyer becomes the owner of the items when it is received. </span>
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Culver Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for u
SIZIF [17.4K]

Answer:

unrealized loss (OCI)            500 debit

trading securities- wallace 5,200 debit

      trading securities gordon                4.200 credit

     trading securities - martin                 1,600 credit

cash                           66,300 debit

loss on investment     6,900 debit

   trading securities - gordon         73,200 credit

--to record sale of gordon securties --

trading securities earnhart corp 53,800 debit

                         cash                                53,800 credit

--to record purchase of earnhart--

unrelized loss(OCI)  7,100  debit

trading securities earnhart corp 3,700 credit

trading securities- wallace        3,400 credit

-- 2018 year-end adjustment--

Explanation:

gordon 77,600 - 73,200 =    (4,100)

wallace 172,900 - 167,700 = 5,200

martin 63,500 - 65,100 =   <u>  (1,600)  </u>

         Total adjustment           (500)

We will declare as other comprehensive incoem the unrealized loss of 500 dollar for the period

At sale date we compare the proceeds and the cost to check for the earning or losses:

1,500 shares x $45 each less 1,200 fees = 66,300

                        gordon shares book value <u>(73,200)</u>

                       loss on investment                 6,900

Earnhart corp:

700 shares x $75 each plus 1,300 fees: 53,800

year-end adjusting 2018

earnhart 50,100 - 53,800 = (3,700)

wallace 61,700 - 65,100 =    (3,400)

martin   167,700 - 167,700 = <u>         0</u>

unrealized loss                    (7,1 00)

3 0
3 years ago
all are the major steps described by the risk management framework to information and privacy risk management except for which o
Eddi Din [679]

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.

<h3>What is Risk management?</h3>

The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.

In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.

By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.

To learn more about Risk management refer to:

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5 0
2 years ago
If the cpi is 137 in year y, then it costs _______ in year y to buy the same market basket that cost _______ in the base period.
Alexeev081 [22]
D. $137; $100
The base year cost is $100. 37% of this is $37 so the total cost of the basket of goods is $137.
6 0
3 years ago
Suppose good x has a negative income elasticity of demand. This implies that good x is
zloy xaker [14]

An <u>inferior good.</u>

<u></u>

For inferior goods, when income rises demand falls.

6 0
3 years ago
Hairston Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets a
aleksandrvk [35]

Answer:

Amount in flexible budget of cost of direct material for the month of November shall be $93,456

Explanation:

Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.

Here, for the month of November

Actual activity = 7,920 units

Standard material cost = $11.80 per unit

Amount in flexible budget based on actual quantity of output shall be

7,920 \times $11.80 = $93,456

Actual cost = $93,926

Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456

5 0
3 years ago
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