The seller is responsible for paying shipping charges and bears the risk of damage or loss in transit if goods are shipped FOB destination.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Paul wants to convince the members of his staff to begin exercising more. He should use an indirect organizational pattern to persuade the staff
Indicate whether the statement is true or false
Explain the issues involved in establishing ROI for T&D initiatives. What role do HRIS T&D applications play in establishing ROI?
What will be an ideal response?
Cheapo Sales Company uses a standard cost system
Overhead costs are allocated based on direct labor hours. In the first quarter, Cheapo Sales had a favorable efficiency variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance? A) The actual number of direct labor hours was lower than the budgeted hours. B) The actual variable overhead costs were higher than the budgeted costs. C) The actual variable overhead costs were lower than the budgeted costs. D) The actual number of direct labor hours was higher than the budgeted hours.
Kay Sadia sold merchandise for $7,200 subject to 8% sales tax. The entry in the general journal to record the sale will include:
A. credit to Sales for $7,200.00. B. a credit to Sales for $7,776.00. C. a debit to Accounts Receivable for $7,200.00. D. a debit to Sales Tax Payable for $576.00.