Summary BUSI 353 JAN 2021 Assignment 6 graded an A download it for grade A

GENERAL INSTRUCTIONS FOR ALL ASSIGNMENTS: (A) See the course outline and/or Connect site for due dates. (B) Submit a WORD document via Connect and please do not use a cover page. Label your WORD Doc as follows: LAST NAME, first name assignment #. Within the WORD doc, provide your full name and student number on the top of the first page and then proceed with your answers. (C) All assignments must be typed, use Arial font and font size 12 with a minimum 2.5-centimetre (1-inch) margin. (D) For some questions, a page limit is indicated at the top. If you are having difficulty maintaining the page limit, consider that a challenge for being clear and concise. Effective use of point form is a good technique for being clear and concise. Do not feel obligated to use the entire page limit. Often times, the best answers are the ones that directly address the relevant aspects of the question. (E) Do not include the question in your answer. You can assume that I am familiar with the question and proceed with your answer. (F) Failure to comply with the above instructions may result in a deduction of marks. ** SHOW YOUR WORK FOR FULL MARKS ** Question 1 (24 marks) Pacific Trading Limited (PTL), a company which reports under IFRS, received merchandise that was damaged during shipment. Unfortunately, the contract terms were FOB Shipping Point and PTL was responsible for any damages during shipping. The amount of damage involved was too low to file an insurance claim. PTL has decided to repair and resell the damaged items as “refurbished”. The following information is available: