1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KIM [24]
3 years ago
14

If goods are shipped FOB destination, the seller does not record revenue from the sale until the goods arrive at their destinati

on because the transaction is not complete until that point.a. Trueb. False
Business
1 answer:
valentinak56 [21]3 years ago
7 0

Answer:

<h2>Under FOB destination contract,the monetary transaction from the shipment delivery of not officially recorded by the seller until it is finally delivered to the buyer at the delivery point.Hence,the correct answer is option a. or True.</h2>

Explanation:

The FOB destination contract does not officially recognize the completion of any shipment or transactions associated with it until it is handed over the to the buyer at the delivery point.While the good/s or shipment is in transit,the tile remains with the seller until it is finally handed over to the buyer,when the tile passes to the buyer.Now,at the delivery point when the buyer actually obtains the product or shipment and officially claims the title,the transaction can be considered to be officially completed and approved.At this point only,the seller can officially record any monetary transaction or revenue generated by the sale of the concerned good or shipment.

You might be interested in
Cameron, in the payroll department, works with sensitive employee information such as social-security numbers and annual salarie
gavmur [86]

Answer:

Data Encryption

Explanation:

6 0
4 years ago
Read 2 more answers
To what extent do cost recovery deductions based on the capitalized cost of a tangible asset reflect a decline in the economic v
sladkih [1.3K]

Answer:

Cost recovery deductions do not have relationship to any decline in value of the property to which the deduction relates.

Explanation:

Capitalised costs are the cost that is incurred when building and financing a fixed asset. For example labour cost in building and financing an asset.

These expenses are added to the cost of the asset (capitalised) and taken gradually over time through depreciation, depletion, and amortization. They are not taken out of revenue in the period when they were incurred.

So cost deductions through capitalised cost is not related to the value of the asset but is an expense that is incurred in relation to the asset, and it's payment is spread out over time.

For example if $1,200 is incurred on construction of an asset worth $500,000. If $1,200 is capitalised over 12 months $100 will be deducted each month from expense. This does not affect the value of the asset ($500,000).

7 0
3 years ago
The cost object of the plantwide overhead rate method is:
Tema [17]

Answer:

The correct answer is letter "A": The unit of product.

Explanation:

A plantwide overhead rate is a single overhead rate given typically in smaller firms to allocate manufacturing overhead costs to products or cost objects. The rate is implemented when services provided by the different units of the company are undifferentiated. Then, <em>the cost object used in the plantwide overhead rate is the unit of product.</em>

8 0
4 years ago
What percentage of greek students would participate in a hazing activity, even if it made them uncomfortable?
pogonyaev

Less than 10% is the percentage of Greek students that would participate in a hazing activity, even if it made them uncomfortable. This percentage is justifiable because student participation in hazing activities is prohibited and the accompanying danger to physical and mental health induced to a student is one factor that makes it more off-putting.

4 0
3 years ago
Transfer payments are payments that:
olga2289 [7]
Transfer payments are payments that the government makes to a household even if the government did not receive a good or service from the household. Transfer payment examples are services like disability, social security, financial aid and other subsidies. Those on social security and benefits like this are not expected to give something to the government to earn these in their current state.  Think of a transfer payment as a "gift" and do not need anything in return for use. 
7 0
4 years ago
Other questions:
  • Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi
    13·1 answer
  • When interest rates rise, how might businesses and consumers change their economic behavior?
    6·1 answer
  • Swifty Corporation's allowance for uncollectible accounts was $187500 at the end of 2017 and $180500 at the end of 2016. For the
    9·1 answer
  • Liability insurance is...
    10·2 answers
  • Suppose new data were discovered revealing that the average US factory worker actually produced over $7 in value for every $1 pa
    5·1 answer
  • A company’s normal selling price for its product is $27 per unit. However, due to market competition, the selling price has fall
    15·1 answer
  • Among the best-known companies that use customer satisfaction surveys to evaluate service quality in various industries is:_____
    8·1 answer
  • A self-insurance activity that is accounted for in an Internal Service Fund pays $365,000 in claims during the year. Because the
    5·1 answer
  • Hyde Boats purchased machinery on January 1 at a list price of $295,000, with credit terms 3/10, n/30. Payment was made within t
    14·1 answer
  • Please answer both questions in full complete sentences please
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!