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katrin [286]
4 years ago
7

Which of the following is a correct statement regarding the shipment of goods?

Business
1 answer:
Nutka1998 [239]4 years ago
6 0

Answer:

The answer is A) The shipping document must be in paper form.

Explanation:

When you are shipping goods (specially if you´re exporting or importing goods) you need a lot of paperwork done. The carrier, customs official, the banks involved, insurance companies, etc., all require several types of documents. The most important ones are:

  • Proforma invoice
  • Bill of Lading
  • Shipper´s Letter of Instructions (SLI)
  • Packing List
  • Commercial Invoice
  • Customs documents
  • Certificates of Origin
  • Dangerous Goods forms
  • Bank Draft

And all those documents need to be in paper form and some require several copies.

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On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1,000,000. The estimated useful life of the asset is five years. Res
klemol [59]

Answer:

Annual depreciation=$188,000

Explanation:

Giving the following information:

Purchasing price= $1,000,000

Salvage value= $60,000

Useful life= 5 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,000,000 - 60,000)/5

Annual depreciation=$188,000

6 0
3 years ago
Which statement correctly describes the current state of instant messaging in the workplace? Multiple Choice It is an establishe
vfiekz [6]

Answer:

It is a relatively new, undeveloped form of communication in the workplace, and attitudes toward it vary.

Explanation:

4 0
3 years ago
What is chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end
NeTakaya

Answer:

A distribution channel is the correct answer.

Explanation:

3 0
3 years ago
Fred purchases a bond, newly issued by the Big Time Corporation, for $10,000. The bond pays $400 to its holder at the end of the
VashaNatasha [74]

Answer: The correct answer is "B. $10,000; 4%; four years".

Fred purchases a bond, newly issued by the Big Time Corporation, for $10,000. The bond pays $400 to its holder at the end of the first, second, and third years and pays $10,400 upon its maturity at the end of four years. The principal amount of this bond is <u>$10000,</u> the coupon rate is <u>4%,</u> and the term of this bond is <u>four years.</u>

<u></u>

Explanation: The maturity of the bond is at 4 years.

Its future value or face value is 10000.

The coupon rate is equal to \frac{Cupon}{Face value} x 100

So Coupon rate = \frac{400}{10000} x 100 = 4%

4 0
3 years ago
Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $812, a replaceme
Radda [10]

Answer:

$775

Explanation:

In inventory valuation , inventory are valued at the lower of cost to replace an item of inventory and the net realizable value.

The net realizable value is the proceed earned from the disposal of an inventory less the cost related to the disposal.

In the scenario described in the question , The replacement cost for product 66 is $775 while the net realizable value is $800. Therefore , the final inventory valuation will be the lower of $775 and $800 which is $775

3 0
3 years ago
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