Fob freight - Study guides, Class notes & Summaries

List Price : Nationally Advertised Price Selling Price : List Price - Trade Discounts = COGS + Margin or = COGS + Markup Net Price : Selling price - all allowable discounts (cash discounts), equal to selling price IF NO DISCOUNTS Cost of Goods Sold (COGS) : Cost of Merchandise + Freight charges from Manufacturer Freight Cost 2 | P a g e : The cost of moving an item from where it was manufactured to either the distributor or the customer's location Free On Board (FOB) : - Comm...

1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor Seller 2. Which of the following is not a member of the supervisory?A. Foreman B. materials expediter C. Owner's representative D. Project manager Project Manager 3. __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. A. Calendar B. Bar chartC. Gantt Calendar 4. When working in dwelling that w...

NASCLA Business, Law, and Project Management 13th Edition - Test 1 | Questions and Correct Answers | Latest Update 2024/2025 | 100% Pass FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - Answer -C. Seller 13-11 _____ is NOT a member of the supervisory team.A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - Answer -D. A Project Manager 8-7 With _____ scheduling, you can link...

FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor correct answers C. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager correct answers D. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates, payment schedule and employee vacations and holidays. A. C...

1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. SubcontractorAnswer - Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representative D. Project managerAnswer - Project Manager 3. __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. A. Calendar B. Bar char...

Accounting Exam 2 Review 2024 Questions with Correct Answers FIFO - Answer-First In, First Out. Rotation system that uses the oldest products first LIFO - Answer-inventory accounting in which the most recently acquired items are assumed to be the first sold; method is supposed to create the lowest ending inventory in a period of rising prices. Also create a lower taxable income, lower gross profit. Merchandising Inventory - Answer-Merchandise inventory: owned by company and in a form r...

IDIS 240 exam 2 with Complete Solutions FOB Free of board NPBT Net Profit before tax NPAT net profit after tax SGA selling general and administrative expense EBITDA earnings before interests taxes depreciation and amortization - raising prices increases earning but cutting cogs and expenses provides higher increase GMROII gross margin return on inventory investment EBIT earnings before interests taxes UOM unit of measure OEM original equipment manufacturer MRO m...

Cash Flow - Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price - The retail price listed selling price - list price - trade discounts Net price - = selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) - = Cost of Merchandise + Freight from Manufacturer Trade Discounts - specify term of sale and change of price with how they see fit. Cash Discounts - given to encourage buyers to prom...

What is the quantity to be inspected upon examination? CORRECT ANSWER-One out of 10 or not less than one per invoice What do you file at the time of entry if your manifest quantity does not equal the actual quantity? CORRECT ANSWER-A customs form 5931 Duty and quota are based on what? CORRECT ANSWER-Country of origin What is the country of origin? CORRECT ANSWER-Product made, mined, grown, manufactured or underwent substantial transformation What is country of export? CORRECT ANSWER-...

IDIS 240 Vestal Exam 2 Latest Update Graded A+ NPBT Net profit before tax=EBIT- Interest NPAT Net profit after tax=NPBT- taxes SGA Selling General and Administrative expenses EBITDA Earnings before interest, taxes depreciation and amortization GMROII Gross margin return on inventory investment EBIT Earnings before interest taxes UOM Unit of measure OEM Original equipment manufacturer MRO Maintenance repair and operations Agent Very similar to a manufacturing sale...