Cost and freight - Samenvattingen en Aantekeningen

SCMN 3720 Test 3-Strickland Latest Version Graded A+ 3PL 3rd party logistics. anything that you can outsource 5 Categories of 3PL's 1. Transportation Based 2. Distribution Based 3. Forwarder Based 4. Financial Based 5. Information Based Transportation Based business origin in freight movement -Move freight, manage transportation operations, operate fulfillment centers, develop logistics solutions Distribution Based Business origin in the public or contract warehousing -Foc...

SCMN 3710 Exam 3 Strickland Questions and Answers Rated A+ Which mode of transportation is #1 in the U.S. in value of goods, tons, and ton-miles shipped? Truck What is a TL package carrier? Carriers handle single shipments that use the full cubic capacity of the trailer or exceed 15,000 pounds. They provide direct service, picking up the load at the origin point and delivering it directly to the destination without stopping at freight- handling terminals. What is an LTL package c...

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 2 | P a g e : specify term of sale and change of price with how they see fit. Cash Discounts : given to encourage buye...

Under the modern Supply/Value Chain concept, the ______ pays for all the costs of the entire process. - ️️Retail Consumer The cost per passenger (or pound) for a flight is literally impossible to calculate in advance because ______. - ️️The costs are fixed but demand varies. Utility or Value in an economic system created by the "physical transformation of materials from raw to finished product" is called ______ value. - ️️Form The explosion in international trade at the end o...

©THESTAR EXAM SOLUTIONS 2024/2025 ALL RIGHTS RESERVED. IDIS 240 EXAM 2 - EVAN VESTAL - SPRING Questions With Verified Answers List Price - AnswersNationally Advertised Price Selling Price - AnswersList Price - Trade Discounts = COGS + Margin or = COGS + Markup Net Price - AnswersSelling price - all allowable discounts (cash discounts), equal to selling price IF NO DISCOUNTS Cost of Goods Sold (COGS) - AnswersCost of Merchandise + Freight charges from Manufacturer Freight Cost - Ans...

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...

Defferral a revenue or an expense event that is recognized after cash has been exchanged prepaid items Deferred expenses (ex. prepaid insurance or prepaid rent) Revenue an increase in assets or a decrease in liabilities that a company obtains by providing customers with goods or servics cash discount Price reduction on merchandise sold offered by sellers to encourage prompt payment; when taken, represents a sales discount to the seller and a purchase discount to the buye...

Chapters 8-12 ACG 4101 HW Question and answers verified to pass The following costs pertain to Pete Co.'s purchase of inventory in year 4, Pete Co.'s first year of operations: 1200 units of product X 12,500 Insurance cost during transit of purchased goods 200 Freight-in 350 Cost of labor to bring product X to saleable condition 3,200 Total 16,250 None of the inventory was sold during year 4. What will be the ending balance in Pete Co.'s inventory? 12,500 16,250 13,050 1...

Freight costs incurred by the seller on outgoing merchandise are an operating expense to the seller. -True or False - ANSWERTrue For a jewelry retailer, which is an example of Other Revenues and Gains? -Gain on sale of display cases -Discount received for paying for merchandise inventory within the discount period -Unearned revenue -Repair revenue - ANSWERGain on sale of display cases The operating cycle of a merchandising company is ordinarily shorter than that of a serv...

Compute freight costs based on weight (in tons), distance and freight rate (based on full truck load or partial truck load): correct answers Freight cost = D x Wt x Rt D = Distance Wt = Annual weight in tons = R*w/2000 lbs/ton R = Rate (Freight cost in ton-miles) Compute inventory holding costs after determining average inventory: correct answers Annual Holding cost= (Q/2)kc = (order quantity/2)(holding cost)(purchase cost) Annual Order Cost= (R/Q)s = (annual requirements/order quantity...