The term that explains when a firm utilize the combination of multiple modes of transportation so they can have a movement of freight is Multimodal Transport.
- Multimodal Transport can be regarded as the combination of different means of transport. This is done by a firm so they can facilitate the movement of cargo.
- This is done when a long distance movement of freight is required.
Therefore, the correct term is Multimodal Transport
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Answer: Under IFRS, preferred stock dividends are reported in the income statement as interest expense
Explanation:
Preference shares, also called preferred stock, are the shares of the stock of a company whereby dividends are paid to the shareholders before the dividends are being issued.
For this type of shares, even if the company goes bankrupt, the preferred stockholders will be paid from the assets of the company before the common stockholders.
Under IFRS, preferred stock dividends are reported in the income statement as interest expense
Answer:
The answer is: psychological contract
Explanation:
Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.
Answer:
Cost of goods sold= $28,900
Explanation:
Giving the following information:
Beginning inventory= 1,550 units at $18
February= 1,800 units at $17
March= 850 units at $19
Xu sells 1,600 units during the quarter.
To calculate the cost of goods sold under LIFO (last-in, first-out) we will use the cost of the last units incorporated to inventory:
Cost of goods sold= 850*19 + 750*17= $28,900