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mestny [16]
3 years ago
15

Niles Industries is a merchandising company. It currently holds $6,000 in consignment goods for Martin Corporation. In addition,

it has $4,000 in FOB shipping point goods in transit to Delta Enterprises and $5,000 in FOB destination goods in transit to Troy Manufacturing. Finally, Niles has $7,000 in FOB destination goods in transit from Gregg Supply. For which group of goods does Niles hold the title? A : the $7,000 in goods in transit from Gregg Supply B : the $6,000 in goods for Martin Corporation C : the $5,000 in goods in transit to Troy Manufacturing D : the $4,000 in goods in transit to Delta Enterprises
Business
1 answer:
siniylev [52]3 years ago
5 0

Answer:

C : the $5,000 in goods in transit to Troy Manufacturing

Explanation:

The consignment goods for Martin Corporation belong to them.

The goods in-transit to Delta have already pass ownership at shipping point (at the moment the goods enter the port).

The goods from Gregg Supply do not transfer the ownership yet, as the commercial terms are FOB destination.

Same occurs with our goods in transit to Troy, they are still ours as the trasnfer of wnership is FOB destination

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Answer: This answer is A. total quality management.

Explanation:

A. total quality management - This is a term used to describe a situation where all business functions are involved in a process of continuous quality improvement. It is also the continuous process of detecting and reducing errors to the barest minimum. All parties involved are held accountable for the overall quality of the final product or service. Four costs are associated with TQM, which are prevention costs, appraisal costs, internal failure costs and external failure costs.

B. Activity-based costing aims to provide management with a simplified method of introducing and managing "process and organization change". It can also be seen to include activity analysis, cost driver analysis, continuous improvement, operational control and performance evaluation.

C. Balanced scorecard is a strategic performance tool that is used by managers to track the performance of their subordinates.

D. Value chain connotes all business processes that are involved in providing a product or service.

8 0
3 years ago
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The following three independent sets of facts relate to contingent liabilities: 1. In November of the current year an automobile
aalyn [17]

Answer:

Situation 1 is a probably contingency. This recall is occurring and can be estimated as costing $2 million. This amount should be charge to the warranties payable and warranties expense accounts.

Date

Particulars

Ref.no

Debit $

Credit $

Warrantee expenses

20,00,000

Warranty payable account

20,00,000

[To record the estimated claims]

Comment

Step 3 of 3

Situation 2 is a reasonable contingency. The costs are possible and there are rough estimates for cleanup but there are also rough estimates about reimbursements for property damage. This situation would be disclosed on the balance sheet.

Situation 3 is a remote contingency. There is a small change that there could be property damage but there is no way to determine how much or what the costs could be. There is no amount marked down for this situation

Explanation:

5 0
3 years ago
Consider where you currently work, where you have previously worked, or a well-known company where you would like to work. How w
enot [183]

Answer / Explanation:

First, we need to understand what variance analysis is. Variance analysis is the qualitative and quantitative measure of the difference between actual financial value and the budgeted financial value.

This helps us to properly monitor our rate of spending against our profit or loss margin. it also assist in proper fund management.

Now talking about how the company will utilize variance analysis, the company will utilize variance analysis in the aspect of fixed over head spending. In the sense that it will be used to measure manpower productivity against overhead spending. This will help us to proper affirm if the rate of manpower productivity equal fixed overhead spending. In the case where fixed overhead spending is more than man hour productivity ratio, then the company will be running at a loss. This is basically a way of measuring productivity performance of man power and also assets.

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3 years ago
A worker sets up to begin a painting job. He lays down a drop cloth and makes sure that the floor is even so that the ladder is
rodikova [14]

Answer:

You should never use the top of a ladder as a step. The employer should correct the worker’s behavior and ensure he knows the proper way to use a ladder.

Explanation:

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According to Piaget, children in the preoperational stage are able to Group of answer choices reason abstractly and test hypothe
Olenka [21]

Answer:

represent objects with words and images

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The preoperational stage occurs is the second stage of Piaget's theory of Cognitive Development. Here, the child becomes familiar with the use of symbols. This also helps in the development of the child's language skills.

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Hence, the answer is represent objects with words and images.

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3 years ago
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