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
alukav5142 [94]
3 years ago
9

Taha Company purchased $8,000 of inventory under terms FOB shipping point. Freight cost amounted to $200. The cost of inventory

and freight were paid with cash. Which of the following shows how the recognition of this purchase, including freight costs if applicable, will affect Taha’s financial statements?
Business
1 answer:
Fittoniya [83]3 years ago
6 0

Answer:

An asset account will decrease by $8,200 (cash account) while another asset account will increase by $8,200 (merchandise inventory), so the total assets in the balance sheet will not change. Since the goods have not been sold yet, they will not affect the income statement.

Explanation:

When a sale is made free on board (FOB) shipping point, the buyer takes ownership of the goods at the seller's shipping dock and must pay the shipping costs.

You might be interested in
Retained earnings:
Lubov Fominskaja [6]

Answer:

1.Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

Explanation:

Retained earnings is an element of the balance sheet that represents the accumulated net income and losses and the amount paid to the shareholders over the years as dividend.

Each year, the company's net income or loss from the statement of profit or loss is posted into the retained earnings account.

It is an integral part of the owners equity along with ordinary share capital.

As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.

7 0
3 years ago
1. Accounts in non-depository institutions are almost always insured by the government. [x]True False 2. All financial instituti
Darina [25.2K]
The right answer for the question that is being asked and shown above is that:

"FALSE." <span>Accounts in non-depository institutions are almost always insured by the government. 
</span>"FALSE." All financial institutions are equally safe and <span>beneficial to use.
"TRUE." </span><span> Financial experts recommend that you compare at least several different financial institutions in your area and find the one that best meets your needs.
"TRUE." </span><span>Personal financial planning is the process of creating and achieving financial goals
"FALSE." </span><span>Shared decision-making is always a positive strategy to take</span>
6 0
2 years ago
Discuss the four dimensions of statistical reasoning / thinking used in statistical inquiry.
Studentka2010 [4]

The four dimensions of statistical thinking, according to Wild & Pfannkuch  are an investigative cycle, styles of thinking, an interrogative cycle, and dispositions. The four dimensions are simultaneously active within the thinker and incorporate both general and specific statistical thinking tendencies. Describe the four statistical reasoning/thinking dimensions that are used in statistical investigation.

* Give and describe a concrete example of how the four-step method was applied in a managerial decision-making process. Please apply the four dimensions of statistical reasoning from Wild and Pfankuch .

* Why is having a representative sample rather than a random sample not more crucial for drawing accurate conclusions about a diverse population?

Is the due date for your task approaching? It is simple! Please fill out the order form with your instructions. All of our authors have advanced degrees in their.

Learn more about The four dimensions of statistical thinking here.

brainly.com/question/28202575

#SPJ4

5 0
1 year ago
There are 2 critical ways to improve customer satisfaction. What are they?
Ronch [10]

Answer:

Explanation:

hug me

5 0
2 years ago
An agent of a broker-dealer that works out of a branch office during the week sends e-mails to customers about potential investm
koban [17]

Answer:

The correct answer is D. These e-mails must be retained for a minimum of 3 years.

Explanation:

One of the most comprehensive data protection laws in the United States is the (Health Insurance Transferability and Accountability Act (HIPAA). This federal law enacted in 1996 creates protections for health-related information specifically, HIPAA specifies who may have access to your health information.This information is generally only available to medical professionals who are using it for care and treatment coordination purposes. Information that is subject to protection includes the notes of your medical providers and records, records of your health insurer, information and conversations that your doctor has with other professionals about your care and treatment services.

5 0
3 years ago
Other questions:
  • True or false: employers are made worse off but employees are made better off by this law.
    14·1 answer
  • Drum buffers are:
    15·1 answer
  • The sequencing of activities is often based upon dependencies between the activities. The dependencies that should guide activit
    11·1 answer
  • Sierra owns a small business and handles many responsibilities, from logistics to marketing. She's seen a lot of success with Go
    8·1 answer
  • On July 10, 2020, Carla Music sold CDs to retailers on account and recorded sales revenue of $686,000 (cost $528,220). Carla gra
    12·1 answer
  • The project is expected to generate the following net cash flows:
    7·1 answer
  • The Metal Shop produces 1.7 million metal fasteners a year for industrial use. At this level of production, its total fixed cost
    15·1 answer
  • Hershey's decides to start using a compostable material in which to wrap their chocolate. Unfortunately, this material begins br
    5·1 answer
  • Which of the following statements about government deficit spending is most accurate?
    13·1 answer
  • Keri has already installed Microsoft Office Tools. When she opens Excel, the first step toward making the Analysis ToolPak avail
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!