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
Brums [2.3K]
3 years ago
10

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

freight were paid with cash. How will the recognition of this purchase, including freight costs if applicable, will affect the Company’s financial statements?
Business
1 answer:
Elza [17]3 years ago
3 0

Answer:

Explanation:

The company must record the acquisition of that inventory, including all the expenses related to the purchase and logistics, up to have them placed in the company´s warehouse.

Therefore, the journal entry to record those transactions are:

Dr  Inventory       8,200

Cr  Cash                              8,200

Notice that freight costs are not considered expenses in this case, as they are capitalized being part of the inventory cost.

<u>Income Statement</u>:  no change

<u>Balance Sheet</u>:   Inventory increased by $ 8,200

                            Cash decreased by $ 8,200

                            <u>Net change</u>:  $ 0

You might be interested in
Changes in the value of a firm's stocks and bonds offer important information for a firm's managers. If the price is increasing
insens350 [35]

Answer: Option A

Explanation: In simple words, firms stock refers to the securities that a company has issued for gaining funds for operations. Prices of such securities are highly fluctuating and changes as per the prospects and existing economical conditions.

A rise in prices of the stock indicates that the returns for the stock will be going to increase in future and thus can happen only if the investors are expecting high profits in coming period.

An expansion of business opens new opportunities for the firm in market and increasing their profits proportionately leading to increase in stock prices.

Hence the correct option is A .

3 0
3 years ago
review of News Media’s Influence on Criminal Justice Policy: How Market-Driven News Promotes Punitiveness
coldgirl [10]

The mass media defines the public photograph of police, prosecutors, courts, and corrections by means of acting as gatekeepers of crime insurance.

The frequency of tweets associated with crime is then compared against the variety of murders, the homicide fee, or the extent of worry of crime as recorded in surveys. results display that, like mass media, consisting of newspapers, social media suffer from a robust bias toward violence.

Social media's anonymity and fakeness, in addition to jurisdictional troubles, have contributed to a growth in online violence that affects people of all ages and is a worldwide problem. people's safety, privacy, and dignity are all at danger due to the dangers provided by means of social media.

Learn more about News Media here: brainly.com/question/26152499

#SPJ4

5 0
2 years ago
Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
cluponka [151]

Answer:

b. Cultural Relativism

Explanation:

Based on the information provided within the question  the approach to business ethics that would justify the actions of the multinational company is Cultural Relativism. This approach focuses on the idea that an individual's beliefs, values, and practices need to be looked at and understood based on their culture and not be judged based on your own culture. This would justify the multinational company's actions because child labor is permitted and is part of their own culture.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
An example of an ______ goal would be enrolling in an architect program
Otrada [13]
B) A long term goal.
5 0
4 years ago
The main objective of value chain analysis is to identify stages of the value chain where the firm can:__________
ad-work [718]

A value chain is what?

A value chain is a business strategy that lists every step taken in the creation of a good or service. The procedures that take a product from conception to distribution, as well as everything that occurs in between, such as acquiring raw materials, carrying out manufacturing duties, and engaging in marketing activities, are all included in a value chain for organizations that create things.

A firm analyzes its value chain by analyzing the specific processes involved in each stage of its operations. A value-chain analysis' goal is to boost production efficiency so that a business can provide the most value for the least amount of money.

A value chain is a methodical corporate strategy for taking a good or service from conception to completion.

Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money.

A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs.

The five major activities and four supporting activities of a corporation are examined under the value-chain theory.

To lean more about value chain from the given link.

brainly.com/question/1380316

#SPJ4

8 0
2 years ago
Other questions:
  • On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th
    11·1 answer
  • On January 1, 2014, the merchandise inventory of Glaus, Inc. was $1,200,000. During 2014 Glaus purchased $2,400,000 of merchandi
    9·1 answer
  • ?during a discussion about the budget for a project, the discussion gets personal between two managers of trion llc. they digres
    6·1 answer
  • A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo
    14·1 answer
  • Ivor borrowed $420,000 from Lear Bank. At Lear's request, Ivor entered into an agreement with Ash, Kane, and Queen for them to a
    12·1 answer
  • Assume that we currently have an inflation rate of​ 1%, a nominal federal funds rate of​ 2% and a real federal funds rate of​ 1%
    15·1 answer
  • Arabian Beauty Cosmetics borrowed BD 152.300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) i
    11·1 answer
  • You want to ctegsosit $15,00na bank at an interest rate of 7 percent per year What is the uture vale of this money after three y
    7·1 answer
  • Neil is developing his marketing strategy. Which of these is NOT a requirement Neil has to follow based on the Telephone Consume
    14·1 answer
  • A _______ gives its holder the right to sell an asset for a specified exercise price on or before a specified expiration date. m
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!