The Incoterm acronym CFR (named destination port), refers to
Fill in the blank(s) with the appropriate word(s).
cost and freight.
The Incoterm acronym CFR (named destination port) refers to "cost and freight." The seller pays the costs of freight to bring goods to the destination port. This does not include insurance. Risk passes from the seller once goods are loaded onto the ship.
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Golden, $30,000; Chavez, $40,000; McGinnis, $55,000 . If McGinnis retired and withdrew $50,000 in settlement of his/her equity, the amount entered in McGinnis's capital account
would be a a. $5,000 credit. b. $50,000 credit. c. $55,000 debit. d. $55,000 credit.
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
A) a decrease in inventory B) a decrease in accounts payable C) preferred dividends declared and paid D) a decrease in accounts receivable
A__________is a business structure of interdependent organizations that reaches from the point of production to the consumer and facilitates the downstream physical movement of goods through the supply chain
Fill in the blanks with correct word.
Attempting a turnaround is the best effort to reverse the decline of a business.
Answer the following statement true (T) or false (F)