Freight out should be classified as a direct offset to sales, not as an expense. Do you
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
The Freight out is not shown as a direct offs...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Question Posted:
Students also viewed these Managerial Accounting questions
-
a. Describe how the IRR is calculated, and describe the information this measure provides about a sequence of cash flows. What is the IRR criterion decision rule? b. What is the relationship between...
-
Should this polymer be classified as a chain-growth polymer or a step-growth polymer?
-
Which of the following costs would be classified as a direct cost for a company that produces motorcycles? Multiple Choice Seats used in the motorcycles. Rent of manufacturing facility that produces...
-
According to the American Red Cross, 11.6% of all Connecticut residents have Type B blood. A random sample of 28 Connecticut residents is taken. X = the number of Connecticut residents that have Type...
-
Tchakovsky Company manufactures and sells various and assorted products. Information relating to year X1 is given below (in 000 of CU). Required Prepare an income statement by nature and an income...
-
A planet is located at < - 3 * 1 0 1 0 , 8 *1 0 1 0 , - 7 * 1 0 1 0 > m . A star is located at < 6 * 1 0 1 0 , - 2 *1 0 1 0 , 1 * 1 0 1 0 > m . What is the vector pointing from the star to the planet?
-
The Swamee and Jain formula for the friction factor is \[ f=\frac{0.25}{\left[\log \left(\varepsilon / 3.7 D+5.74 / \mathrm{Re}^{0.9} ight) ight]^{2}} \] Compare this equation for \(\varepsilon /...
-
Comparative balance sheet accounts of Jensen Company are presented below. Additional data: 1. Equipment that cost $10,000 and was 40% depreciated was sold in 2008. 2. Cash dividends were declared and...
-
Skuta Pty Ltd Scenario The scenario provides you with a brief overview of a hypothetical company, 'Skuta' and a contemporary scenario. Be aware that the scenario may not cover every detail that you...
-
A manufacturing company produces steel housings for electrical equipment. The main component part of the housing is a steel trough that is made out of a 14- gauge steel coil. It is produced using a...
-
Distinguish between F.O.B. destination and F.O.B. shipping point.
-
Name the four inventory cost flow assumptions or valuation methods that are commonly used in the United States. Give a brief phrase describing each.
-
Fischer Remodeling, Inc., completed the following selected transactions and prepared these adjusting entries during August: Aug 1 Prepaid insurance for August through October, $3,000. 3 Performed...
-
The performance of the cache memory is measured in terms of ? What is cache memory and its performance?
-
Liquid reaction A --> 2B is taking place in a steady state packed bed reactor that has total available packing area (A) of 10 m. The density (p) and packing surface (a) of the catalyst per volume are...
-
Jack sends Joan an offer that says, "I'm offering to sell you my car for $2,000. If I don't hear from you in 10 days, I'll assume you're willing to buy the car for the listed price." Jack hears...
-
The pressure inside a plane is maintained at 1 Atm. What is the outward force exerted on a 1mx 2m cabin door if the outside pressure is 0.3 Atm? O O a. 160 N b. 1.40 N C. 1700 N d. 400 N
-
Economic Development Strategies, GIS, and Disasters Discussion Description Please post to Discussion - Module #6 - Economic Development Strategies and GIS by completing the following: Discussion Part...
-
How do boilers and furnaces differ?
-
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
-
A 60-g Mars bar will supply you with \(1095 \mathrm{~kJ}\) of energy. How many of them would you need to get enough energy to climb the first \(800 \mathrm{~m}\) of the highest structure in the...
-
Define the following terms regarding preferred stock: (a) Dividend preference, (b) Cumulative, (c) Participating, (d) Convertible, (e) Warrants, (f) Callable, and (g) Redeemable.
-
Why is a preferred stock similar to a long-term bond? Why is it similar to common stock?
-
What are the two segments of a corporations contributed capital and what might be included in each segment?
-
Evaluate the challenges and solutions associated with implementing robust error handling and recovery mechanisms in operating systems, particularly in the context of disk I/O operations and system...
-
Erica, Deana & Tara had average capital balances of $350,000, $380,000 and $400,000 respectively during the current fiscal year. The partnership agreement provides for an allowance of 4% on the...
-
Retum to quest Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price Variable costs Fixed costs Required: $...
Study smarter with the SolutionInn App