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3 years ago

(True) or (False)? Goods in-transit to a buyer should be counted as buyer’s inventory if they were shipped FOB destination.

Business

1 answer:

Artemon [7]3 years ago

5 0

Answer:

Correct answer is FALSE

Explanation:

FOB Destination transfers ownership of the goods to the buyer after the goods reached to its destination (either in the buyer’s warehouse or any place stated in the contract to be delivered). Thus, goods in-transit under FOB destination still belongs to the seller and not to the buyer yet. Moreover, it should not be included to buyer’s inventory because the title of ownership of the said goods still belongs to the seller at the time of transit.

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vovangra [49]

D. Three years old that is the correct answer

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3 years ago

Read 2 more answers

Use the following to answer questions 3-8: Number of Workers Total Cost 0 1000 1 2200 2 3200 3 4000 4 4600 5 5000 6 5200 7 560

Firlakuza [10]

Answer:

Firm should hire the 4th worker as MR > MC.

Explanation:

Here, we are comparing the marginal cost of hiring 4th worker with the revenue generated by the 4th worker.

Marginal cost of hiring 4th worker:

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3 years ago

Elly owns a small coffee shop. She has only one employee. One weekend, she decided to take a break from work. She is wondering w

yanalaym [24]

Answer: (B) Backward induction

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3 years ago

In a job order costing system, a credit to Finished Goods Inventory will be accompanied by a debit to A. WorkminusinminusProces

goldenfox [79]

Answer:

A. Work-in-Process Inventory

Explanation:

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3 years ago

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1 year ago