How and why are transportation-in and transportation-out recorded differently?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
Transportationin represents the freight costs incurred on purchases of m...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted:
Students also viewed these Managerial Accounting questions
-
How and why are regular accounting data modified for use in financial management?
-
How and why are wildcards used in a query?
-
How and why are net exports and investment similar in the short-run model? Does this similarity make the IS curve steeper or flatter?
-
Given this expression, what can we say about the problem domain? tBoat (BoatSerialNo, BoatType, Manufacturer, Price, Customer, Date Of Sales Rep) SalesRep should not be in the expression at all...
-
Consuela was a tenant in a campus apartment. She is a student at State University. Her lease began on August 1, 2016, and was due to expire on July 31, 2017. However, her landlord sold the building,...
-
The uniform 100-kg beam is freely hinged about its upper end A and is initially at rest in the vertical position with = 0. Determine the initial angular acceleration of the beam and the magnitude...
-
Create the worst-looking chart that you can, crowded with chart and font junk. If it's worse than your study buddy's chart, you win.
-
With vast experience at venues such as the American Airlines Arena ( in Miami), the Kentucky Derby, and Super Bowls, Chef John Nicely now also plans huge culinary events at Orlandos Amway Center,...
-
Danny Zuma operates a security business in Inanda, Kwazulu-Natal. He seeks advice on whether the following expenses and losses are deductible in terms of the general deduction formula: 1. One of...
-
Recognition accuracy that measures the percentage of orders that are taken correctly is 86.8%. Suppose that you place order with the bot and two friends of yours independently place orders with the...
-
Why are shipping terms such as FOB shipping point or FOB destination point important in deciding ownership of inventory at the end of the year?
-
How is a companys gross profit determined? What does the gross profit ratio tell you about a companys performance during the year?
-
Problems 7382 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Aaron...
-
Derive an expression for the equivalent spring constant when two similar springs are connected: (a) in parallel, (b) in series.
-
Derive an expression for shear stress and deflection in a helical spring subjected to an axial force.
-
Your firms bank has offered you two options for short-term financing in the amount of \($400,000.\) The first option is a committed line of credit with a commitment fee of 0.5% (EAR) and an interest...
-
Prove the useful identity employed in Eq. (14.20) that \(e^{i L \phi}=\cosh \phi+i L \sinh \phi\). Expand the exponential in a power series and compare the odd and even terms to the power series...
-
The Lie bracket of vector fields \(A\) and \(B\) is defined as their commutator, \([A, B]=\) \(A B-B A\). The Lie bracket of two basis vectors vanishes for a coordinate basis but not for a...
-
What factors should be considered in setting a: (a) Materials price standard; (b) Materials usage standard; (c) Labour rate standard; and (d) Labour time standard?
-
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
-
Antonio Ltd has planned production and sales for the next nine months as follows: During the period, the business plans to advertise so as to generate these increases in sales. Payments for...
-
Redemption of Bonds McGee Company issued $200,000 face value bonds at a premium of $4,500. The bonds contain a call provision of 101. McGee decides to redeem the bonds due to a significant decline in...
-
Redemption of Bonds Elliot Company issued $100,000 face value bonds at a premium of $5,500. The bonds contain a call provision of 101. Elliot decides to redeem the bonds due to a significant decline...
-
Deferred T ax Calculations (Appendix) Clemente Inc. has reported income for book purposes as follows for the past three years: Clemente has identified two items that are treated differently in the...
-
Find the complete solution of the linear system, or show that it is inconsistent. (If the system has infinitely many solutions, express your answer in terms of t, where x = x(t), y = y(t), and z=t....
-
1. What is the difference between invitation to treat and offer? 2. Explain the statement "acceptance must be absolute and unqualified." Question 3 Ali goes to the convenience store to buy a can of...
-
The firm sold one of its fixed assets just as the year ended. Would this imply that operating cash flow for the year was a larger figure, a smaller figure, or would have no effect on its operating...
Study smarter with the SolutionInn App