Recording a sale under dobbs fob policy

Assignment Help Accounting Basics

Reference no: EM13157727

Determine when the company should record a sale under Dobbs' FOB policy.

o Examine the implications of Dobb's FOB policy.

o Determine whether you approve or disapprove of Dobbs' manner of deciding when to ship goods to customers and record the sales revenue. Justify your decision.

o Determine and analyze other methods to decide when to ship goods and their implication on the business.

Reference no: EM13157727

Questions Cloud

Give the entry to reimburse the fund : On November 1, a company established a $90 petty cash fund. On November 12, the petty cash fund contains $3 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory

What is the final volume of the gas : 0.50 mol of argon gas is admitted to an evacuated container at 20 degrees Celsius. The gas then undergoes an isobaric heating to a temperature of 280 degrees Celsius. What is the final volume of the gas?

Define the vapor pressure of pure ethyl bromide : The vapor pressure of pure ethyl bromide at this temperature is 400.0 torr. Assuming an ideal solution, what is the molecular mass of the compound?

Compute what will be the total vapor pressure : What will be the total vapor pressure (in torr) of a solution prepared by mixing equal masses of the two liquids?

Recording a sale under dobbs fob policy : Determine when the company should record a sale under Dobbs' FOB policy. o Examine the implications of Dobb's FOB policy.

True or false on accounting question : In 2013, Ed is 66 and single. If he has itemized deductions of $7,300, he should not claim the standard deduction alternative. a. True b. False

Impact of the two monetary transactions : Would the purchase of bonds by the Bank of Canada in 1.a) increase or decrease the potential for money creation? Explain in less than 5 lines.

Report for cost of goods manufactured : Hollern Combines, Inc. has $10,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $5,000 and cost of goods sold was $20,000, how much would Hollern report for cost of goods manufactured?

Does data show a difference in the taste ratings : If the ingredient was present a code of "1" was used and a "0" otherwise. At the .05 significance level, does this data show a difference in the taste ratings?

User Account

All Pages