Obtaining sign-off on the project schedule establishes a formal agreement, commitment, and alignment among stakeholders regarding the timeline and execution plan for the project.
By obtaining sign-off on the project schedule, the following aspects are established: Agreement on Timeline: The stakeholders agree on the proposed schedule and the specific timeframes allocated for each phase, milestone, or deliverable of the project.
Commitment to Deadlines: The sign-off signifies the stakeholders' commitment to meeting the agreed-upon deadlines and milestones as outlined in the project schedule.
Accountability: The stakeholders, including the sponsor, customer, and key stakeholders, accept responsibility for their roles and contributions to adhere to the project schedule and ensure timely progress.
Baseline for Monitoring: The signed-off project schedule serves as a baseline against which the actual progress of the project is measured. It provides a reference point for tracking and monitoring the project's timeline, identifying any deviations, and implementing necessary corrective actions.
Communication and Alignment: The sign-off on the project schedule ensures that all relevant parties are on the same page regarding the project's timeline and expectations. It promotes effective communication and alignment among the sponsor, customer, and key stakeholders throughout the project's duration.
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true or false: a change in one of the determinants of supply results in a movement along the supply curve.
A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides.
The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price.
For the majority of items, the curve will have an upward, positive slope, signifying a strong correlation between the two values. In other words, the more of a good or service a seller has on hand, the higher the price of it. For instance, if the cost of a lawnmower rises, or the price a customer pays, a hardware store would stock more in an effort to raise its profit margin.
The two different supply curve types are individual and market.
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harry, the local sandwiches r us manager, wanted to increase sales. he decided to raise the price of their most popular sandwich, the tuna on rye bread, by 75 cents to $4.25. a month later, when he compared the most recent month sales to the previous month, he saw that dollar sales for tuna on rye went up by 10% and he was satisfied with the results. calculate the price elasticity of demand for the store’s tuna on rye.
The Store's price elasticity of demand for the tuna on rye is 0.47.
Data and Calculations:
Change in price = 75 cents
New price = $4.25
Old price = $3.50 ($4.25 - $0.75)
Percentage change in demand = 10%
Percentage change in price = 21.43% ($0.75/$3.50 x 100)
Price elasticity of demand = % change in quantity demanded/% change in price
= 10%/21.43%
= 0.467
= 0.47
Economists can conclude that the demand for the tuna on rye is relatively inelastic.
Thus, the price elasticity of demand is less than 1 (0.47). The quantity demanded does not change significantly following the price increase.
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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
A project has an initial cost of $80,000 and a 3-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $1,200, $2,300, and $2,800 a year for the next 3 years, respectively. What is the average accounting return? 5.25 percent 5.35 percent 5.45 percent 5.56 percent
Answer:
5.25%
Explanation:
The computation of the average accounting return is shown below:
Average accounting return is
= Average net income ÷ average initial cost
where,
Average net income is
= ($1,200 + $2,300 + $2,800) ÷ 3 years
= $2,100
And, the average initial cost is
= $80,000 ÷ 2
= $40,000
So , the average accounting return is
= $2,100 ÷ $40,000
= 5.25%
Hence, the average accounting return is 5.25%
Investment: Securities 1.7. Choose any form of investment and make a presentation in a form of a power Point/ cue cards. Submit your PowerPoint presentation/ Q- cards as evidence to your teacher. Use the following factors to consider when making investment decisions to explain the impact of the form of investment of your choice. S 1.7.1 Liquidity 1.7.2 Risk
Liquidity and risk are two crucial aspects to take into account when making investment decisions.
The ease with which an investment can be changed into cash without suffering a large loss in value is referred to as liquidity. The liquidity of various investment types varies in various ways.
The uncertainty and possibility of loss connected to investment are referred to as risk. Risk levels are different for various investment vehicles.
The potential for bigger profits on investments with a higher level of risk is also accompanied by a greater likelihood of loss. Although they could offer more consistency, lower-risk investments may also produce lower returns.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What is the difference between traditional manufacturing and a cottage
industry?
A. Manufacturing is done on a lower scale.
B. Manufactured products are better quality.
C. Manufactured items are worth more.
D. Manufacturing is done on a larger scale.
SUBMIT
Answer:
its a D
Explanation:
The difference between traditional manufacturing and a cottage industry is manufacturing is done on a larger scale. Thus, option D is correct.
What is cottage industry?A cottage industry is a small manufacturing company run by an individual or family, usually from their house rather than a specially constructed facility. The minimal expenditure needed to launch a cottage industry serves as its defining characteristic.
They frequently concentrate on making labor-intensive goods but have a tough time competing with manufacturers of mass-produced goods who operate factories. The original cottage industries in the U.S. and Europe were light manufacturing businesses that performed subcontracted work in shoemaking, minor metal machine components, textile or garment production, or stitching. These small-scale companies frequently used raw materials provided by the contract supplier to make final goods.
Therefore, we can conclude that option D is correct.
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Time management is primarily act of using time
Answer:
Yes it is. I agree with you
Explanation:
"If the present value of a cash flow at an annual rate of
interest of 12.75% is $70000, what is the yearly cash flow? Assume
that interest is compounded annually and round to the nearest
cent.
Rounded to the nearest cent, the yearly cash flow is approximately $70,000.88.
To find the yearly cash flow, we need to calculate the future value of the cash flow and then reverse the calculation. The formula for calculating the future value of a cash flow is:
Future Value = Present Value * (1 + interest rate)^number of periods
In this case, the present value is $70000 and the annual interest rate is 12.75%. We can plug these values into the formula and solve for the future value:
Future Value = $70000 * (1 + 0.1275)^1
Future Value = $70000 * (1.1275)
Future Value = $79025
Now, we can reverse the calculation to find the yearly cash flow. Let's denote the yearly cash flow as CF. We solve for CF as follows:
Future Value = CF * (1 + interest rate)^number of periods
$79025 = CF * (1 + 0.1275)^1
$79025 = CF * (1.1275)
CF = $79025 / 1.1275
CF ≈ $70000.88
Rounded to the nearest cent, the yearly cash flow is approximately $70,000.88.
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Your firm is considering two projects, project A in Argentina and project B in Britain, respectively, with the following cash flows:
1) Project A requires a current investment of 100 and yields a sure cash flow of 110 in one year, both in million Argentine pesos.
2) Project B requires a current investment of 100 and yields a sure cash flow of 110 in one year, both in million British pounds.
In the market, the 1-year risk-free interest rate is 18.29% for Argentine pesos and 8.29% for British pounds.
(1) Should your firm take on project A or project B? Why?
(2)Should your answer for (1) change if the 1-year interest rate in Argentine peso drops to 8% (assuming its cash flows remain the same)?
(1) The firm should take on Project B because it has a higher present value of cash flows compared to Project A.
(2) Even if the 1-year interest rate in Argentine pesos drops to 8%, the firm should still choose Project B as it continues to have a higher present value of cash flows.
To determine whether the firm should take on project A or project B, we need to compare the present value of cash flows for both projects using their respective interest rates.
Project A:
Investment (current) = 100 million Argentine pesos
Cash Flow (in one year) = 110 million Argentine pesos
1-year risk-free interest rate for Argentine pesos = 18.29%
To calculate the present value of cash flows for Project A, we use the formula:
PV = Cash Flow / (1 + Interest Rate)
PV = 110 / (1 + 0.1829)
PV = 93.03 million Argentine pesos
Project B:
Investment (current) = 100 million British pounds
Cash Flow (in one year) = 110 million British pounds
1-year risk-free interest rate for British pounds = 8.29%
To calculate the present value of cash flows for Project B, we use the same formula:
PV = Cash Flow / (1 + Interest Rate)
PV = 110 / (1 + 0.0829)
PV = 101.26 million British pounds
Now, let's compare the present values of cash flows for both projects:
For Project A, the present value is 93.03 million Argentine pesos.
For Project B, the present value is 101.26 million British pounds.
Since the present value of cash flows for Project B (101.26 million British pounds) is higher than the present value for Project A (93.03 million Argentine pesos), the firm should take on Project B. This is because the present value represents the value of future cash flows in terms of their current value, and Project B has a higher present value.
Now let's consider the second scenario:
If the 1-year interest rate in Argentine pesos drops to 8%, we need to recalculate the present value of cash flows for Project A using the new interest rate:
New interest rate for Argentine pesos = 8%
PV (with new interest rate) = Cash Flow / (1 + Interest Rate)
PV (with new interest rate) = 110 / (1 + 0.08)
PV (with new interest rate) = 101.85 million Argentine pesos
Comparing the present value of cash flows for Project A with the present value of cash flows for Project B (101.26 million British pounds), we can see that the present value of cash flows for Project B is still higher. Therefore, even with the decreased interest rate in Argentine pesos, the firm should still choose Project B.
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Regular investments made at the beginning of each quarter earn 7.2% compounded quarterly.
How many more $1,600 investments than $1,700 investments will it take to accumulate $106,000
it will take more payment
It will take 58 more $1,600 investments than $1,700 investments to accumulate $106,000.
Let the number of $1,700 payments made be x. Then the number of $1,600 payments will be (x + m) where m is some whole number. We have the following expression for the total amount of money accumulated:
1700x + 1600(x + m) = 106000
Simplifying, we get:
1700x + 1600x + 1600m = 1060003300x + 1600m = 106000
Dividing both sides by 100, we get:
33x + 16m = 1060
Also, the future value (FV) of each payment is:
FV = PV × (1 + r/n)^(nt)
where
PV = payment value = $1,700 or $1,600
r = annual interest rate = 7.2% = 0.072
n = number of times compounded per year = 4
t = time period = 25 years
We need to solve for m so that the total number of $1,600 payments is more than the number of $1,700 payments.
So let's start by calculating the future value of a $1,700 payment:
FV(1700) = 1700(1 + 0.072/4)^(4×25) = $16,052.60
Next, we calculate the future value of a $1,600 payment:
FV(1600) = 1600(1 + 0.072/4)^(4×25) = $15,130.60
Dividing $106,000 by FV(1700), we get the number of $1,700 payments required to reach $106,000:
106000/16052.60 ≈ 6.59 or 7 payments (rounded up to the nearest whole number)So we know that x = 7.
Substituting this value into the equation we derived earlier:
33x + 16m = 106033(7) + 16m = 106021 + 16m = 1060
16m = 1060 - 21 = 1039m ≈ 64.94 or 65 payments (rounded up to the nearest whole number)
Therefore, it will take 65 - 7 = 58 more $1,600 payments than $1,700 payments to accumulate $106,000
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pls help :(
If the team charges $10 per dream bag and sells all 100 bags how much revenue will they collect?
If the team sells all 100 bags how much profit will they make
(hint revenue - total cost = profit)
Answer:
Explanation:
If the team charges $10 per dream bag and sells all 100 bags, their revenue will be:
Revenue = Price per bag x Number of bags sold
Revenue = $10 x 100
Revenue = $1000
Therefore, if the team sells all 100 bags, they will collect $1000 in revenue.
To calculate the profit, we need to know the total cost of producing and selling the dream bags. Let's assume that the total cost is $600.
Profit = Revenue - Total Cost
Profit = $1000 - $600
Profit = $400
Therefore, if the team sells all 100 bags at a price of $10 per bag and has a total cost of $600, they will make a profit of $400.
Answer:
$1000 (Revenue)
$400 (Profit)
Explanation:
Given:
Price - $10
Quantity - 100 bags
Total revenue formula:
Total revenue = price * quantity
Substitute values:
Total revenue = 10 * 100
Calculate:
Total revenue = $1000
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
if the price elasticity of demand is found to be 6, then demand is: question 6 options: a) horizontal. b) price unit-elastic. c) price-elastic. d) price-inelastic.
Demand is elastic with regard to price if the demand price elasticity (c) is found to be -6.
The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others.
Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income. It is primarily employed to determine how changing a product's price will affect consumer demand.
Therefore, the Demand is price elastic if the demand price elasticity is found to be -6.
Option C is correct.
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Which of the following jobs is expected to double in the next few years?
nurse
automobile mechanic
real estate salesperson
computer engineer
Answer:
real estate salesperson
Computer Engineer
I have to write at least 20 characters to post this.
The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.
These businesses are typically not registered with the government, and they do not have an official structure.
The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.
In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.
They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.
Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.
Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.
Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.
Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.
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As an entrepreneur, jill spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative
duties.
OA.
True
OB.
False
It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
Who is an enterprenuer?An entrepreneur is an individual who Identifies a gap or problem and creates a new business around it.
The persons bears most of the risks attached to the business and is more dedicated to the activities, planning and administrative work of the business.
Therefore, It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
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What must societies do to provide goods and services given that resources are scarce?
Answer:
They have to be allocated properly. A further explanation is given below.
Explanation:
The precious resources of the social system must be an implementation of the overall organization to that same manufacturing of merchandise, throughout trying to maintain with the tastes and preferences of the members of the population. The certain apportionment of collective resources will indeed contribute throughout the concentration of a single combined effect of various merchandise.a social media marketing plan does not require monitoring or adjustment during its implementation. True or False
The given statement "a social media marketing plan does not require monitoring or adjustment during its implementation" is false because a social media marketing plan does require monitoring and adjustment during its implementation.
Monitoring the performance and effectiveness of social media marketing efforts is crucial to ensuring the success of the campaign. By closely monitoring key metrics and analytics, such as engagement rates, click-through rates, reach, and conversions, marketers can evaluate the impact of their social media activities and make informed decisions.
Regular monitoring allows marketers to identify what is working well and what needs improvement. It helps them understand their audience's preferences, measure the effectiveness of content and campaigns, and identify any issues or opportunities that arise. With this information, adjustments can be made to optimize the strategy, content, targeting, timing, or platforms being used.
Social media is a dynamic and ever-changing landscape, so a successful social media marketing plan requires ongoing monitoring, analysis, and adjustment. This iterative process allows marketers to adapt to changes in audience behavior, platform algorithms, industry trends, and competitive landscape, ensuring that the marketing efforts remain effective and aligned with the goals of the business.
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What is the basis of the law of demand?
Group of answer choices
Self-interested behavior
Marginal utility
Utility curves
Market timing
market timing
Explanation:
because that way u wont miss customers
Name a form of ownership that is represented by South African broadcasting corporation (SABC) and outline four characteristics of this form of ownership
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
mention and explain documents for buying and selling
Answer:
Inquiry Letter
Sometimes a business can send this to a supplier to find out if they have a certain good in stock.
Purchase Requisition
This is a document used by a department in a company to request that those in charge of procurement acquire some goods for them.
Quotation
This is a document sent by a supplier to the prospective buyer informing them of the goods they have and their selling price.
Purchase Order
This is the document that shows a formal request for goods from a supplier.
Delivery Note
This is used to confirm that the buyer has received the goods they ordered. The buyer will typically sign this document to confirm receipt.
Invoice
A supplier prepares and sends this to the buyer to show them the goods they ordered and the prices so that the buyer knows how much they owe.
Creating a successful online lead-generation strategy how to generate online business leads.
marketing using content. Whether you're a B2B or B2C company, content marketing is the best technique to naturally generate business leads online: Landing pages, website optimization and SEO, email marketing, social networking, webinars, review sites, online public relations, and PPC (pay-per-click) advertisements are some examples.
What does the term "business lead" mean?Some businesses define a "lead" as a contact that has already been identified as a potential customer, whilst other businesses define a "lead" as any sales contact. But regardless of definition, a lead has the potential to develop into a client in the future. Generally speaking, depending on the industry, you can anticipate spending between $40 and $200 per lead. Cost Per Appointment — You can set up appointments with some lead generation companies. They'll only bill you for each session they schedule for your company, rather than a retainer or a cost per lead.
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do you believe trpbam brings unique value to the market? substantiate your answer.
Without specific information about "trpbam," it is not possible to determine or substantiate its unique value in the market.
Does "trpbam" bring a unique value to the market?However, I can offer a general approach to evaluating the unique value proposition of any company or entity.
To assess the unique value brought by trpbam or any other company, several factors can be considered:
Differentiation: Evaluate whether trpbam offers unique features, products, or services that distinguish it from competitors in the market. This could include innovative technology, specialized expertise, or a unique business model.Market Need: Assess the extent to which trpbam addresses a specific market need or solves a problem that is not adequately fulfilled by existing solutions. Understanding the target market and their pain points can help determine the unique value brought by trpbam.Competitive Advantage: Analyze the competitive landscape to identify trpbam's strengths and advantages over competitors. This could include factors such as cost efficiency, superior quality, or superior customer service.Customer Satisfaction: Evaluate customer feedback and reviews to gauge the level of satisfaction and loyalty among trpbam's customers. Positive customer experiences and testimonials can indicate the unique value provided by the company.Market Impact: Consider the impact trpbam has on the market as a whole. This could involve analyzing its influence on industry trends, disruption of traditional practices, or contribution to societal or environmental goals.It is important to note that without specific information about trpbam, it is not possible to substantiate its unique value in the market.
Conducting thorough research, analyzing relevant industry data, and assessing the company's offerings are necessary steps to determine its unique value proposition.
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Chevelle inc has sales of 39,500 costs of 18,400 depreciation expense of 1,900 and interest expense of 1400. if the tax rate is 21 percent, what is the operating cash flow, or OCF
The operating cash flow, or OCF will be 23,502, if the tax rate is given 21 percent.
Chevelle inc has sales of 39,500 costs of 18,400 depreciation expense of 1,900 and interest expense of 1400.
The tax rate is 21 percent.
The Operating Cash Flow (OCF) of Chevelle Inc. can be calculated as follows:
OCF = Net Income + Non-Cash Expenses + Changes in Working Capital
Net Income = Sales - Costs - Depreciation - Interest
OCF = 39,500 - 18,400 - 1,900 - 1,400 + (Tax Rate x (Sales - Costs - Depreciation - Interest))
OCF = 19,700 + (0.21 x (39,500 - 18,400 - 1,900 - 1,400))
OCF = 19,700 + (0.21 x 18,200)
OCF = 19,700 + 3,802
OCF = 23,502
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1. Gross profit equals the difference between a. net income and operating expenses. b. sales revenue and cost of goods sold. c. sales revenue and operating expenses. d. sales revenue and cost of goods sold plus operating expenses. 2. Net income will result if gross profit exceeds a. cost of goods sold. b. operating expenses. C. purchases. d. cost of goods sold plus operating expenses. Under a perpetual inventory system, a. accounting records continuously disclose the amount of inventory. b. increases in inventory resulting from purchases are debited to purchases. c. there is no need for a year-end physical count. d. the account purchase returns and allowances is credited when goods are returned to vendors. 4. In a perpetual inventory system, cost of goods sold is recorded a. on a daily basis. b. on a monthly basis. c. on an annual basis. d. each time a sale occurs. Gross profit does not appear a. on a multiple-step income statement b. on a single-step income statement. c. to be relevant in analyzing the operation of a merchandising company. d. on either a multiple-step or single-step income statement. 6. Operating expenses would include a. interest expense. b. income tax expense. c. freight-out. d. freight-out and interest. 7. An advantage of the single-step income statement over the multiple-step form is a. the amount of information it provides. b. its comprehensiveness. c. its simplicity d. its use in computing ratios
1. Gross profit is calculated as b. sales revenue and cost of goods sold
2. Net income will result if gross profit exceeds a. cost of goods sold.
3. Under a perpetual inventory system, a. accounting records continuously disclose the amount of inventory
4. In a perpetual inventory system, cost of goods sold is recorded each time a sale occurs.
5. Gross profit does not appear b. on a single-step income statement
6. Operating expenses would include . c. freight-out.
7. An advantage of the single-step income statement over the multiple-step form is c. its simplicity
What is gross profit?The profit a company makes after deducting the costs of manufacturing and selling its products is known as gross profit.
A perpetual inventory system is a system for tracking and recording stock levels in which every purchase and sale of stock is automatically and instantly logged. When a transaction occurs in this system, the software records a change in inventory levels in real-time.
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how much does m1 and m2 change in the following situations? a. $100 in coins is deposited into a checking account.
In the given scenario, when $100 in coins is deposited into a checking account, both M1 and M2 money supply will increase by the same amount.
M1 money supply includes all the physical money in circulation, including coins and paper currency, demand deposits, and traveler's checks, while M2 money supply includes all the components of M1 along with time deposits, savings deposits, and money market securities. The $100 deposit in coins would increase demand deposits in the checking account, which is a component of M1. At the same time, this deposit would also increase the balances in the bank's reserves, allowing the bank to create new loans and increase the supply of money in the economy. As a result, both M1 and M2 money supply would increase by $100. This is an example of how fractional reserve banking works, where a portion of deposits is kept as reserves, and the rest is loaned out to stimulate economic activity.
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Is debt finance the same as debt capital?
Answer:
no they are not the same hope this helps
In for peny, in for a pound , taking care of the rands and cents
Answer:
l don't understand the question you ask
breyer company bought inventory fob shipping point from cellar company for $4,000 cash, including shipping charges. on december 31, the last day of the accounting year, the goods were on a truck owned by common carrier company, and not expected to arrive until january 3. which company should include these goods in its december 31 inventory?
If Breyer company bought inventory fob shipping point from cellar company for $4,000 cash, including shipping charges. The company that should include these goods in its December 31 inventory is: Breyer should include the 4,000 in its inventory
Breyer company should include the amount of $4,000 which is the amount paid in cash for purchasing or buying from Cellar company in its December 31 inventory.
Reason been that Breyer company has already paid for the goods including the cost of shipping the goods.
Even though the goods were not delivered to Breyer before December 31 but till January 3, Breyer has the right to include the amount of $4,000 in its inventory because the goods is no longer in the seller who is Cellar company possession again and because the goods has been paid for .
Inconclusion if Breyer company bought inventory fob shipping point from cellar company for $4,000 cash, including shipping charges. The company that should include these goods in its December 31 inventory is: Breyer should include the 4,000 in its inventory.
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