Answer:
Explanation:
1. Merchandise held on consignment would be included in Phoenix's ending inventory as Phoenix is the consignor or supplier and Trout creek clothing is the consignee.
2. FOB destination goods are included in Phoenix's ending inventory as till the point goods reaches destination, it will be considered as part of the seller's inventory and would be transferred to buyer's inventory after goods reach destination.
3. In case of FOB shipping point, goods are included in buyer's inventory the day goods are shipped irrespective when it reaches the buyer. Here, Phoenix is the buyer so goods will be included in its ending inventory.
4. This would not be part of Phoenix's ending inventory as goods are shipped FOB shipping on December 28. So, this would be included in buyer's inventory.
5. In this case, Phoenix is the consignee and Lisa's market is consignor. So, merchandise on consignment would not be included in Phoenix's inventory.
6. Here, goods would not be included in Phoenix's ending inventory as terms are FOB destination and Phoenix is the buyer. Since, goods will arrive at the destination only On january 3, it will not be included.
7. Goods sold to a customer sitting on loading truck that has not yet been picked up by customer will not be included in Phoenix's inventory. It would be considered as customer's inventory.
8. Freight charges on goods bought are included in inventory cost of the buyer.
Answer:
Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.
Explanation:
Answer:
Option D is correct one.
<u>In Cobb-Douglas production, the return to scale depends on the sum of the exponents.</u>
Explanation:
It shows a production function passing through increasing returns to constant returns and then to decreasing returns.
<span>All of the following are examples of automatic stabilizers except the rapid growth decreases the number of people collecting unemployment. And more people qualify for unemployment as a result of a recession. The answers are the first and the fourth sentences.</span>
This is considered to be an omniscient point of view where
in the quote is being interpreted by an outside narrator as we can see from the
quoted sentence in which he or she was able to convey the thoughts in regards
of the company’s way of building up relationships.
