ZK
Zybrea Knight
Answers (8)
ZK
Answered
Hampton Co. took a physical count of its inventory on December 31. In addition, it had to decide whether or not the following items should be added to this count.(a)Inventory on hand had been sold earlier in the year but had been returned by customers for various warranty repairs.(b)Hampton Co. sent merchandise on a consignment basis on December 31 just prior to the physical count.(c)On December 22, Hampton Co. ordered merchandise on FOB destination terms. The merchandise was shipped by the supplier on December 30 but had not been received by December 31.(d)On December 27, Hampton Co. ordered merchandise on FOB shipping point terms. The merchandise was shipped on December 29 but had not been received by December 31.(e)Merchandise sold FOB shipping point on December 31 was picked up by the freight company just before closing on December 31.(f)Merchandise shipped to a customer FOB destination was picked up by the freight company on December 28 but had not arrived at its destination as of December 31.
Answer "yes" or "no" to indicate which items should and should not be added to the December 31 inventory count.
Answer "yes" or "no" to indicate which items should and should not be added to the December 31 inventory count.
On Aug 05, 2024
(a)no
(b)yes
(c)no
(d)yes
(e)no
(f)yes
(b)yes
(c)no
(d)yes
(e)no
(f)yes
ZK
Answered
When receiving constructive feedback,you should always defend your work to maintain your professional credibility.
On Aug 04, 2024
False
ZK
Answered
Batch-level activities are performed each time a batch is handled or processed, regardless of how many units are in the batch.
On Jul 06, 2024
True
ZK
Answered
The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign investment and employment markets. They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm. What are the advantages and disadvantages of each of these courses of action?
On Jul 04, 2024
One of the advantages of opening a wholly owned production facility, in the United States or in a foreign nation, is that all of the profits accrue to the owner.
The disadvantages include the risk involved in opening a production facility in a foreign country. There is a possibility of the foreign government's expropriation of the facility. Expropriation is the taking of private property for a public purpose and the paying of just compensation. Foreign governments have also sometimes confiscated the property of foreign companies. Confiscation is the taking of private property for a public purpose without just compensation. Under the act of state doctrine, U.S. courts would be reluctant to intervene, either by ordering the property returned or ordering the payment of a fair price. Thus, there could be a considerable sum of money at risk in a foreign production facility.
A licensing agreement, by contrast, involves relatively little capital investment and represents less risk of loss from a confiscation or an expropriation. By entering into a licensing agreement with a foreign firm for the rights to manufacture Sport products, or to sell products under the Sport trademark, Sport eliminates the chance that its assets would be lost if they were confiscated. Of course, there will also be fewer profits and those will likely be in the form of royalties.
The disadvantages include the risk involved in opening a production facility in a foreign country. There is a possibility of the foreign government's expropriation of the facility. Expropriation is the taking of private property for a public purpose and the paying of just compensation. Foreign governments have also sometimes confiscated the property of foreign companies. Confiscation is the taking of private property for a public purpose without just compensation. Under the act of state doctrine, U.S. courts would be reluctant to intervene, either by ordering the property returned or ordering the payment of a fair price. Thus, there could be a considerable sum of money at risk in a foreign production facility.
A licensing agreement, by contrast, involves relatively little capital investment and represents less risk of loss from a confiscation or an expropriation. By entering into a licensing agreement with a foreign firm for the rights to manufacture Sport products, or to sell products under the Sport trademark, Sport eliminates the chance that its assets would be lost if they were confiscated. Of course, there will also be fewer profits and those will likely be in the form of royalties.
ZK
Answered
A monopsonistic employer's marginal resource (labor) cost curve:
A) is always more elastic than the labor supply curve.
B) coincides with the labor supply curve.
C) lies below the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers.
D) lies above the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers.
A) is always more elastic than the labor supply curve.
B) coincides with the labor supply curve.
C) lies below the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers.
D) lies above the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers.
On Jun 05, 2024
D
ZK
Answered
Which of the following is not a "trade or business" expense?
A) Mortgage interest on a warehouse.
B) Depreciation on business equipment.
C) Mortgage interest on a personal residence.
D) Cost of goods sold.
A) Mortgage interest on a warehouse.
B) Depreciation on business equipment.
C) Mortgage interest on a personal residence.
D) Cost of goods sold.
On Jun 04, 2024
C
ZK
Answered
Adjusting entries are
A) not necessary if the accounting system is operating properly.
B) usually required before financial statements are prepared.
C) made whenever management desires to change an account balance.
D) made to balance sheet accounts only.
A) not necessary if the accounting system is operating properly.
B) usually required before financial statements are prepared.
C) made whenever management desires to change an account balance.
D) made to balance sheet accounts only.
On May 06, 2024
B
ZK
Answered
Which form of recommendation enables users to share a more personal story about their experience,possibly as a video endorsement?
A) Recommendation indicators.
B) Share tools.
C) Testimonials.
D) Pick lists.
E) Popularity filters.
A) Recommendation indicators.
B) Share tools.
C) Testimonials.
D) Pick lists.
E) Popularity filters.
On May 05, 2024
C