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
Sav [38]
2 years ago
9

Inventory items with a cost of $3090 were excluded from ending inventory. These goods were in transit from Flores company to Bar

nes Company and were purchased FOB destination
Business
1 answer:
Dovator [93]2 years ago
3 0

Answer:

the journal entry to record this adjustment would be:

December 31, 202x, adjustment to merchandise inventory

Dr Accounts payable 3,090

    Cr Merchandise inventory 3,090

When goods are purchased FOB destination, the title of the goods passes only after the goods have been delivered to the buyer. Also, freight costs should be paid by the seller. When goods are purchased FOB shipping point, the title of the goods passes after the goods leave the seller's dock, they are considered property of the buyer even if they haven't arrived yet. Freight costs are generally paid by the buyer.

You might be interested in
BrewCo sells coffeemakers for $120 each. The firm currently has variable costs per unit of $65. If BrewCo is able to reduce its
sineoko [7]

Answer:

The contribution margin ratio will increase.

Explanation:

Giving the following information:

BrewCo sells coffeemakers for $120 each. The firm currently has variable costs per unit of $65. BrewCo can reduce its variable cost per unit to $58.

Contribution margin ratio= (selling price - unitary variable cost)/selling price

New Contribution margin ratio= (120 - 58)/120= 0.52

Old Contribution margin ratio= (120 - 65)/120= 0.46

5 0
3 years ago
The inaccuracy of the grapevine has more to do with the message output than with the input. a. True b. False
Dennis_Churaev [7]

Answer:

The answer is b. False

Explanation:

6 0
3 years ago
Read 2 more answers
Ruby wants to change the size of the margins in her document. Which of the following is a command she might use to do so in her
vichka [17]
The answer is C. Page Setup
7 0
4 years ago
Read 2 more answers
The client at the HIV clinic has come in complaining of unintended weight loss with diarrhea lasting over the last month. How is
AVprozaik [17]

Answer:

The correct answer is Loss of 10% of usual weight.

Explanation:

The attrition syndrome associated with HIV infection is characterized by:

  1. Loss of involuntary body weight and greater than 10% compared to the normal reference weight.
  2. Diarrhea or chronic weakness with fever, for a period greater than 30 days.
  3. Absence of any infection or condition other than HIV: cancer, tuberculosis, cryptosporidiasis and other enteritis that could explain these symptoms.
  4. In practice, any progressive and involuntary weight loss of this magnitude is considered a syndrome of attrition and translates into the development of a significant nutritional deficit that leads to significant physical and psychological deterioration.

The attrition syndrome may be a consequence of HIV infection itself. Thus, those patients presenting with symptoms of wear and tear should use all available options of antiretroviral therapy, which may remit symptoms and not require other specific interventions. It is also associated with opportunistic HIV infections and cancers. Opportunistic infections that cause diarrhea can cause attrition syndrome. This can cause greater immunodeficiency in affected people and predispose them to certain diarrheal opportunistic infections, which would be reinforced by a vicious cycle.

7 0
3 years ago
Differential costs ______. Multiple choice question. are always variable costs include all costs related to a decision can be fi
natka813 [3]

Answer:

Can be fixed or variable

Explanation:

8 0
2 years ago
Other questions:
  • Which method for calculating a credit card balance does not take into account the purchases or the payments made during the curr
    5·2 answers
  • Darla sells roses in a competitive market where the price of a rose is $5. use this information to fill out the revenue columns
    5·1 answer
  • Tamara's Truck Rental rents small "box" trucks to college students to move items from their parent's home to a campus apartment.
    9·1 answer
  • Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000, but liabilitie
    13·1 answer
  • Companies engaged in a single line of business most commonly utilize an organizational structure that can be A. a functional (de
    5·1 answer
  • A call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in th
    11·1 answer
  • Why does a business cycle diagram serve as a forecasting model​
    6·1 answer
  • Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost
    5·1 answer
  • Insurance Reading Quiz
    11·1 answer
  • The corporate staff in the accounting department at ABC Corporation went on 12-hour days during the holiday season, just like th
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!