Answer:
Here is the complete question with options: Abbey Company completed the annual count of its inventory. During the count, certain items were identified as requiring special attention. Decide how each item would be handled for Abbey Company's inventory.
item#1: Goods in transit shipped to Abbey(Purchaser) FOB destination:
item#2: Goods in transit shipped to Abbey(purchaser) FOB shipping point.
item#3: Goods in transit shipped by Abbey(seller) FOB destination.
item#4: Goods in transit shipped by Abbey(seller) shipping point.
Now, checking how these items are handled by Abbey company´s inventory.
item#1: Goods in transit shipped to Abbey(purchaser) FOB destination: Excluded from inventory as goods has not arrived to the buyer´s place, therefore, ownership will not be transferred.
item#2: Goods in transit shipped to Abbey FOB (purchaser) shipping point: Included in inventory as goods are shipped to shipping point, so ownership will be transferred if carrier accept the goods from the seller.
item#3: Goods in transit shipped by Abbey FOB(seller) destination: Included in the inventory as Abbey owns the goods while goods is in transit.
item#4: Goods in transit shipped by Abbey(seller) shipping point: Excluded from inventory as a seller, Ownership has been transferred from Abbey.
Business market managers be adept at analyzing understanding working relationships & business network because they want to promote and improve the production.
<h3>What is Business?</h3>
Business refers to the activity carried out by the individual or the group of the people in order to produce goods and services for generating the profits.
The Business Market manager helps to promote the business and the improve the production ability in the employees by maintaining the good relationship with them.
There main goal is to develop the business network by connecting with the customers. They builds more customers by maintaining the old customers and building the new potential customers.
Learn more about the business here:
brainly.com/question/15826604
#SPJ1
Cloud-first strategy: a multi-service approach that re-platforms global businesses with greater speed and value. Option D. This is further explained below.
<h3>What is a Cloud-first strategy?</h3>
Generally, Based on this computing philosophy, businesses should prioritize cloud-based solutions above those not built for use with the cloud when designing new procedures or revising existing ones.
In conclusion, The cloud-first strategy is a multi-service model that enables faster, more valuable re-platforming of global organizations.
Read more about the Cloud-first strategy
brainly.com/question/24763204
#SPJ1
Answer: a. Liabilities increased by $1.0 million in 2018
Explanation:
In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.
The money remaining in cash after the wage settlement was:
= 9,000,000 - 2,000,000 - 8,000,000
= -$1,000,000
This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.
This account is a liability account so liabilities in 2018 would increase by $1,000,000.
Safety and liquidity. Liquidity means the ability to use it at a moments notice and if saved that is possible whereas if invested that may not always be the case. If invested you won’t be able to use the funds immediately or at least you aren’t guaranteed that you can without a delay. The other imp reason is safety. If you save your money it is safe and retains its value but if invested it’s value can fluctuate which you tolerate and expect in the hopes that over time it will earn you more money.
