Explain the difference between "transportation in" and "transportation out". Also indicate whether each is a product cost or period cost, and in which account the costs are recorded.
What will be an ideal response?
Transportation-in is the cost of freight on goods purchased under the terms FOB shipping point. It is a product cost and is recorded in the merchandise inventory account.
Transportation-out is the cost of freight on goods sold to customers under the terms FOB destination. It is a period cost and is recorded in the transportation-out account, which is an expense.
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a. Asymmetry b. Stability c. Necessity d. Legitimacy
If a prepositional phrase modifies a verb, an adjective, or an adverb, it is an ________ phrase
a. adjective phrase b. adverbial phrase
Calculate the variance of this sample.
Deep divisions in society such as between the Hutus and Tutsis in Africa and the Shiites and Sunnis in Iraq contribute to political risk and would be captured by the ____________________________.
(a) Political Risk Index (b) Fractionalization Index (c) Z quotient (d) Operations Coefficient (e) F Factor