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givi [52]
3 years ago
8

A solar panel dealer acquires a used panel for $9,000, with terms FOB shipping point. Compute total inventory costs assigned to

the used panel if additional costs include:_______.∙ $1,500 for sales staff salaries. ∙ $135 for shipping insurance.∙ $280 for transportation-in by train. ∙ $550 for used panel restoration.∙ $110 for online advertising. ∙ $300 for lawn care.
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer: $‭9,965‬

Explanation:

FOB Shipping point is a shipping condition that means that the buyer takes over the ownership and control of the inventory as soon as the seller ships it. Everything afterwards is therefore the responsibility of the buyer.

As the following costs come after shipping, they will be included in the acquisition cost;

= Acquisition cost + shipping insurance + transportation-in by train + used panel restoration

= 9,000 + 135 + 280 + 550

= $‭9,965‬

<em>Sales staff salaries, online advertising and lawn care are not related to the inventory. </em>

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Katena32 [7]

Answer:

b) not likely to have jurisdiction over the case because QuickAds is based in Georgia.

Explanation:

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Also QuickAds only contact with persons in Alabama has been through QuickAds passive advertising.

In this scenario the case can be tried in federal court because it can handle cases across state borders.

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3 years ago
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Answer:

b. social benefits will be greater than private benefits

Explanation:

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An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

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3 years ago
Which of the following is not true in regard to selling fixed assets?
hichkok12 [17]
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During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The journal entry t
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Answer:

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Manufacturing overhead                $13,000

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