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GalinKa [24]
3 years ago
5

A company implements the following policy regarding inventory in transit: Goods purchased are included in inventory records, whi

le goods sold are not included in inventory records. Management feels this policy is reasonable because it assigns inventory in transit to the party that initiated the transactions. Which of the following concepts is management not considering in implementing this policy?
a. The kelihood that inventory purchased or sold will be returned.
b. The quantity of the inventory involved in the transaction.
c. The party who has title to the inventory while in transit.
d. The materiality of shipping costs.
Business
1 answer:
a_sh-v [17]3 years ago
8 0

Answer:

c. The party who has title to the inventory while in transit.

Explanation:

If you sell or buy FOB shipping point, then you could use this type of accounting method. The title of the goods is transferred immediately (as soon as the goods leave the seller's premises). But if the transactions are FOB destination, the title of the goods is transferred only after the goods have been delivered.

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Answer:

Verbal; written.

Explanation:

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Additionally, Mintzberg determined that managers tend to rely more heavily on verbal communication than written communication when conducting business. This is simply because managers consider a written communication such as memo, reports, or letters consume more time when compared with verbal communication such as telephone calls, meetings or face-to-face conversations .

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3 years ago
Isaac only has $1,090 today but needs $1,979 to buy a new computer. How long will he have to wait to buy the computer if he earn
o-na [289]

Answer:

It will take 11 years and 124 days.

Explanation:

Giving the following information:

Isaac only has $1,090 today but needs $1,979 to buy a new computer. Interest rate= 5.4 percent compounded annually

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FV= PV*(1+i)^n

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n= 11.34 years

<u>To be more accurate:</u>

0.34*365= 124

It will take 11 years and 124 days.

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