F.o.b. Study guides, Class notes & Summaries

8. Intermediate Accounting Chapter 8Average cost method - correct answer The average cost method assumes that items sold and items in ending inventory come from a mixture of all the goods available for sale. Consignment - correct answer Goods held on consignment are included in the inventory of the consignor until sold by the consignee. f.o.b. (free on board) shipping point - correct answer Inventory shipped f.o.b. shipping point is included in the purchaser's inventory as soon as the ...

DOMESTIC SHIPPING & FOB TERMS - ANSWER-Shipping Terms determines who has the legal right to specify the carrier and the routing and define the point at which an entity/agency takes title to the goods F.O.B - POINT OF ORIGIN - FREIGHT COLLECT - ANSWER-Public Agency takes Title of goods at: point of origin or factory. Public Agency : 1- Pays Freight Expenses 2- Bears Freight Expenses 3- owns goods in transit 4 - Must file claims for loss damage or overcharges F.O.B - POINT OF ORIGIN - FR...

UBE BAR EXAM QUESTIONS & ANSWERS 2023/2024 To the buyer once the item is given to a common carrier - ANSWER-F.O.B. (buyer's location) transfers risk when Yes - ANSWER-Does Congress have the power to provide uniform rules for bankruptcy 1. At least 100 members 2. Primary Defendants are not states, state officials, or state entities 3. Does not involve securities related cases 4. Amount in controversy exceeds $5 million in sum 5. Minimum diversity (one P, one D from different states)...

8. Intermediate Accounting Chapter 8Average cost method - correct answer The average cost method assumes that items sold and items in ending inventory come from a mixture of all the goods available for sale. Consignment - correct answer Goods held on consignment are included in the inventory of the consignor until sold by the consignee. f.o.b. (free on board) shipping point - correct answer Inventory shipped f.o.b. shipping point is included in the purchaser's inventory as soon as the ...

QPA EXAM - NJ STATE - RUTGERS - 2020(UPDATED)Questions with complete solution The formal organization of purchasing in NJ Municipalities was created by the laws of? - correct answer 1917 what type of contract is most common? - correct answer firm fixed pricing When is an emergency purchase acceptable? - correct answer Affecting publics health, safety & welfare what is a requisition? - correct answer the start of a P.O- dept. requesting item What is the purpose of having a purchasing ...

QPA EXAM - NJ STATE - RUTGERS - 2020The formal organization of purchasing in NJ Municipalities was created by the laws of? - correct answer 1917 what type of contract is most common? - correct answer firm fixed pricing When is an emergency purchase acceptable? - correct answer Affecting publics health, safety & welfare what is a requisition? - correct answer the start of a P.O- dept. requesting item What is the purpose of having a purchasing manual? - correct answer to have guideline...

QPA EXAM - NJ STATE - RUTGERS - 2020The formal organization of purchasing in NJ Municipalities was created by the laws of? - correct answer 1917 what type of contract is most common? - correct answer firm fixed pricing When is an emergency purchase acceptable? - correct answer Affecting publics health, safety & welfare what is a requisition? - correct answer the start of a P.O- dept. requesting item What is the purpose of having a purchasing manual? - correct answer to have guideline...

Law 1 Final Exam Corn that fills County Grain Co-op's silo is fungible if the corn is c. alike naturally, by agreement, or by trade usage. Ralph, a representative for Statewide Truck & Transport Company, delivers a warehouse receipt to Thelma, the owner of United Storage Warehouse. A warehouse receipt is c. a receipt issued by a warehouser for goods in a warehouse. Brad leaves an iPod at Computer Sales & Repair (CSR) to have the battery replaced. CSR sells the iPod to Doris, who does not...

Law 1 Final Exam Corn that fills County Grain Co-op's silo is fungible if the corn is c. alike naturally, by agreement, or by trade usage. Ralph, a representative for Statewide Truck & Transport Company, delivers a warehouse receipt to Thelma, the owner of United Storage Warehouse. A warehouse receipt is c. a receipt issued by a warehouser for goods in a warehouse. Brad leaves an iPod at Computer Sales & Repair (CSR) to have the battery replaced. CSR sells the iPod to Doris, who does not...

CON 3900 Exam Questions and Answers 100% Verified Express Actual Authority: - answerAuthority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - answerauthority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - answersomeone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - answerhe FAR and states ...