When to ship goods to customers and record the sales revenue

Assignment Help Accounting Basics
Reference no: EM131643260

Problem

Review the Ethical Issue: Dobbs Wholesale Antiques and address the following in your initial post:

Under Dobbs FOB policy, when should the company record a sale?

Do you approve or disapprove of Dobbs's manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods. Is there an accounting rule against Dobbs's practice?

Reference no: EM131643260

Questions Cloud

Calculate the margin bell division needed to earn in march : Calculate the margin the Bell Division needed to earn in March in order for the residual income in March to be equal to $310,000
Find the number of cars they generally sell in one week : Sixty-five randomly selected car salespersons were asked the number of cars they generally sell in one week. Fourteen people answered that they generally sell.
Calculate the net present value : M.T. Glass, Inc. is considering the acquisition of a new piece of heavy machinery to replace an old, Calculate the net present value (NPV) of the new machine
Discuss impact this strategy could have on the organization : Discuss the impact this strategy could have on the organization and how an effective leader can assist with implementing the change
When to ship goods to customers and record the sales revenue : Do you approve or disapprove of Dobbs's manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason.
Calculate the salvage value for this piece of equipment : XYZ Company is considering the purchase of a new piece of equipment. Calculate the salvage value for this piece of equipment
Discuss the rationale for a dissemination plan : Discuss the rationale for a dissemination plan for a research or evidence-based project
Show population percentage of competitors from each school : David County has six high schools. Each school sent students to participate in a county-wide science competition.
Calculate the total fixed costs incurred by jackson company : Jackson Company operates three divisions, A, B, and C. Calculate the total fixed costs incurred by Jackson Company during the most recent month

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd