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3 years ago

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

Business

1 answer:

Nutka1998 [239]3 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.

You might be interested in

Trail Runner guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately

polet [3.4K]

Answer:

1. Record the sales, warranty expense, and warranty payments for the company. Ignore cost of goods sold.

To record sales during 2018:

Dr Cash 120,000

Dr Accounts receivable 480,000

Cr Sales revenue 600,000

To record warranty liability:

Dr Warranty expense 30,000

Cr Warranty payable 30,000

To record warranty related expenses:

Dr Warranty payable 10,000

Cr Cash 10,000

Instead of cash it could have been wages payable, or repair parts inventory, but since we are not given any details, the safest thing is to assume cash payments.

2. Assume the Estimated Warranty Payable is $0 on January 1, 2018. Post the 2018 transactions to the Estimated Warranty Payable T-account. At the end of 2018 how much in Estimated Warranty Payable does the company owe?Use the T-account to determine the ending balance for the Estimated Warranty Payable account.

Ending balance of warranty payable account = $20,000

Warranty Payable

debit credit

beg. bal. 0 0

warranty liability 30,000

warranty costs <u>10,000 </u>

end. bal. 20,000

4 0

2 years ago

List three conditions for perfect competition.Instructions: You may select more than one answer.1. There is only one firm that m

Jobisdone [24]

Answer:

There are no barriers to entry.

5. Both buyers and sellers are price takers

.7. Firms’ products are identical.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopoly is when there's only one firm operating in an industry.

I hope my answer helps you

6 0

2 years ago

Read 2 more answers

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc

xenn [34]

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.

Explanation:

people will pay for the snowboards is $129.99.

Ski Market is convinced that it needs a 45%
The most that Ski Market can pay to its supplier for the snowboard is
= $\frac{129.99}{100}$ ×45
=$ 58.5
=129.99 ±58.5
= $71.49
Therefore, Ski Market can pay to its supplier for the snowboards is $71.49.

3 0

3 years ago

The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3

MatroZZZ [7]

Answer:

a. $20.00

Explanation:

Given that

Common Stock = $150,000

Additional Paid-in Capital = $850,000

Par Value per share = $3

So,

Number of shares issued = Common Stock ÷ Par Value per share

= $150,000 ÷ $3

= 50,000

Now

Total Common Stock Equity = Common Stock + Additional Paid-in Capital

= $150,000 + $850,000

= $1,000,000

So,

Average Issue Price per share = Total Common Stock Equity ÷ Number of shares issued

= $1,000,000 ÷ 50,000

= $20.00

7 0

3 years ago

Lula thinks that people who discipline their children by spanking should be sent to jail and says she would be glad to go to jai

Igoryamba

Answer:

a. Kantianism

Explanation:

Kantianism -

This theory was given by Immanuel Kant.

According to this theory ,

Good deeds and duty are the crucial elements in order to determine the action which need to be taken .

Any activity is considered to be good , only if it is morally correct .

Hence , from the question , spanking children is not a good activity and it not accepted ethically .

Hence , in the given scenario Kantianism is applicable .

5 0

3 years ago