The term F.O.B.:
a. can indicate a destination or shipment contract.
b. stands for "freight on board."
c. requires the seller to insure the goods for the buyer's benefit.
d. shifts the risk of loss to the buyer when the goods are identified.
a
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_____ comprises three steps: a description of the components and how they will work, construction, and testing.
Fill in the blank(s) with the appropriate word(s).
Costs are transferred from the balance sheet to the income statement as cost of goods sold when ________.
A) finished goods are sold B) goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account C) direct materials, direct labor and manufacturing overhead are transferred to the beginning Work-in- Process Inventory account D) the total of Cost of Goods Manufactured is determined
If Year 1 equals $2,800, Year 2 equals $3,108, and Year 3 equals $3,668, the index number to be assigned for Year 3 in trend analysis, assuming that Year 1 is the base year, is
A) 100. B) 141. C) 131. D) 136.
Millennials tend to value ______ much more than Gen Z does.
A. mobility B. pay and job security C. stability D. individualism and competitiveness