Cost and freight - Study guides, Class notes & Summaries

These characteristics: They are acquired for use in operations and not for resale. They are long-term in nature and usually depreciated They possess physical substance. Describe what? - ANSWER-property, plant, and equipment Only asset that is NOT depreciated - ANSWER-land PP&E - ANSWER-property, plant, and equipment historical cost - ANSWER-the cash or cash equivalent price of obtaining the asset and bringing it to the location and condition necessary for its intended use compani...

Which of the following is a governance issue? A. Tax transparency B. Health and safety C. Working conditions - Answer A is correct because "[e]xamples of the definition and scope of ESG issues can be illustrated by the two widely-referenced organisations...Tax Transparency [falls under the umbrella of] Governance". B is incorrect because "[e]xamples of the definition and scope of ESG issues can be illustrated by the two widely-referenced organisations...Health & Safety [falls under th...

IDIS 240 Final Exam – Vestal Latest Version Graded A+ 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. ...

Cargo is: a. Freight b. freight plus mail correct answers freight plus mail The downstream end of a supply chain is: a. supplier end b. customer end correct answers customer end In the 'unionist perspective': a. logistics is a part of SCM b. SCM is a part of logistics correct answers logistics is a part of SCM In the 'traditionalist' perspective: a. logistics is a part of SCM b. SCM is a part of logistics correct answers SCM is a part of logistics Concerning the dif...

IDIS 240 Test 2 Evans F2019 with Complete Solutions List Price Listed price of the product. Manufacturers sell from a nationally advertised price. As there is a fluctuation in cost of raw materials or market condition, a discount is offered, but this discount is seldom reflected on the list price. Selling Price Amount paid by customer that appears on invoice. Selling price = list price - trade discounts Net Price Customer doesn't pay the full price and a cash discount is announce...

ACC 100 MIDTERM EXAM ALL POSSIBLE QUESTIONS AND ANSWERS 2024/2025 SOLVED 100%;University of Toronto ACC 100 MIDTERM EXAM ALL POSSIBLE QUESTIONS AND ANSWERS 2024/2025 SOLVED 100%;University of Toronto Toons Wholesale has the following transactions during the month of August 2021: Aug. 1 Purchased inventory from Bugs Inc. for $14,000, FOB destination, terms 1/10 n/30. Aug. 2 The appropriate company paid $100 freight on the August 1 purchase. Aug. 6 Returned $4,000 worth of...

AINS103 Practice Questions, AINS 103 Exam Questions and Answers In property insurance, the term "Property in Transit" refers to which one of the following? - Answer-Property while being transported by trucks, cars, buses, trains, airplanes, and ships. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer-Cost to rent temporary...

IDIS 240 EXAM 2 - EVAN VESTAL - SPRING 2025 QUESTIONS AND ANSWERS 100% PASS List Price - ANSWER -Nationally Advertised Price Selling Price - ANSWER -List Price - Trade Discounts = COGS + Margin or = COGS + Markup Net Price - ANSWER -Selling price - all allowable discounts (cash discounts), equal to selling price IF NO DISCOUNTS Cost of Goods Sold (COGS) - ANSWER -Cost of Merchandise + Freight charges from Manufacturer Freight Cost - ANSWER -The cost of moving an item from where it was...

Operating Expenses (OE) - ️️All costs necessary to provide services for the distributor's customer: - Warehouse cost - Inventory holding cost - Transportation cost - Bad Debt Expense: Money you expect to not get back, "This man owes me $200 from 30 years ago" Selling, General, and Administrative Expenses (SG&A) - ️️- Salaries, commissions, and other payroll costs that we pay our executives and sales persons - Outside Sales: Travel costs, Entertainment costs, Advertising...

IDIS 240 EXAM 2 - EVAN VESTAL - SPRING 2024 GRADED A+ 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 The cost of moving an item from where it was manufactured to either the distributor or the customer's l...