Why is it inappropriate for a company to include freight-out expense in the Cost of Goods Sold
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Freightout expense is not a cost associate...View the full answer
Answered By
Kalyan M. Ranwa
I have more than seven years of teaching experience in physics and mechanical engineering.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
LearnCo LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model, The company began operations on January 1, 20Y1, and is...
-
Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are disclosed by an adjustment to the companys financial statements and what kinds are disclosed in a...
-
Why is it advantageous for a company to finance its receivables?
-
The probability that fewer than 35 people support theprivatization of Social Security A discrete random variable is given. Assume the probability of the random variable will be approximated using the...
-
Condensed data from the comparative statement of financial position of Dressaire Inc. follow: Instructions (a) Using horizontal analysis, calculate the percentage of a base-year amount, using 2013 as...
-
Determine the price of a $1 million bond issue under each of the following independent assumptions: 1. Maturity 10 years, interest paid annually, stated rate 10%, effective (market) rate 12%. 2....
-
1. Why was there dirty data in the UW database? 2. What were the consequences to UW of the dirty data? 3. How did UW address the problem of dirty data? 4. What were the benefits they experienced from...
-
Avalanche, Inc. is a manufacturer of premium snow skis. The work is a combination of precision machining and skilled craftsmanship. Before completion, skis are processed back and forth between six...
-
Write a C++ to calculate and display: a. Sum of all numbers between 1 and 10 b. Sum of all even numbers between 1 and 10 c. Sum of all odd numbers between 1 and 10
-
Perform a stress analysis of the pressure vessel shown in Figure P9-14. Let E = 5 10 6 psi and v = 0.15 for the concrete, and let E = 29 10 6 psi and v = 0.25 for the steel liner. The steel liner...
-
What cost flow assumption may be used under the lower-of-cost-or-market basis of accounting for inventories?
-
What is risk in the context of financial decision making?
-
You are a driver for Ace Mining Company. The boss insists that, every hour on the hour, a loaded truck leaves the mine at \(90.0 \mathrm{~km} / \mathrm{h}\), carrying ore to a mill \(630...
-
Explain three (3) benefits of entrepreneurs , who create business plans before launching their companies reap?
-
How would you stay up-to-date on the latest trends in hospitality? Explain
-
How does the concept of privilege levels (such as user mode and kernel mode) enhance the security and stability of an operating system?
-
i) Canadian-based mining company Canada Gold (CG) suspended its dividend in March 2016 as a result of declining gold prices and delays in obtaining permits for its mines in Greece. Suppose you expect...
-
A stock just paid a dividend of $2.52. The dividend is expected to grow at 24.31% for two years and then grow at 3.95% thereafter. The required return on the stock is 14.58%. What is the value of the...
-
Green Grow is a business selling organic fertiliser bags for \(\$ 24\) each. This year, Green Grow's fixed cost totals \(\$ 110000\). The variable cost per bag is \(\$ 14\). Required: a What is the...
-
On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock of Stinson, Inc., for $340,200. Stinson's book value on that date consisted of common stock of $100,000 and...
-
Find the interpolating polynomial for the function defined by the following table: 0 f(x) 5 x 1 4 2 -3 3 -4
-
Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $12; direct labor $8; variable manufacturing overhead $6; fixed manufacturing overhead...
-
Hannon Corporation produces high-performance rotors. It expects to produce 50,000 rotors in the coming year. It has invested $10,000,000 to produce rotors. The company has a required return on...
-
Morales Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing...
-
Answer the following questions with respect to the following Strategy pattern diagram as illustrated below 3. The relationship between StudentToSchool class and Strategy and actors with strategy?...
-
a) Design a simple relational database that captures the information required to maintain records of orders. Take into account that your design should allow a customer to order as many items as...
-
Write a procedure named AVG in assembly language which calculates and returns the average of three memory operands. Also show how this procedure will be called from main. Pass arguments (variable...
Study smarter with the SolutionInn App