if-goods-are-shipped-fob-destination-which-of-the-following-is-true-a-title-to-the-goods-will-transf

Question

If goods are shipped FOB destination, which of the following is true?
A. Title to the goods will transfer as soon as the goods are shipped.
B. FOB indicates that a price reduction has been applied to the order.
C. The seller must pay the shipping.
D. The seller and the buyer will each pay 50% of the cost.

Puneet Prajapati · Accepted Answer

Yes. Well, let&#x27;s understand liquor in solution. But before moving participation, we will understand the meaning off importer and exporter. So let&#x27;s just suppose there is a Mr A Get who is willing to start the business off major working but who sell the furniture in the media. The area is or we can say there is no force in the country. However, is a hypothetical situation Like Mr E is unable to find a need. I go forest in the country or we can say raw material, unable to find Roma TV for assessing the furniture in his country. So what you does he checks for this very when office things, Mr. B deciding in another country. Let&#x27;s see, Mr is living in country, country I and Mr B is deciding in country You okay now what happens Mr We asked Mr B that Are you able to send me the over blocks so that I can make furniture out of them? So Mr B says Ok, I will do that. Know what happens? Mr. A becomes important Get by important because importer is a person who imports the course outside off his country throw foreign country. Okay, so the country. You is a foreign country for mystery. Same similarly country. I is also a foreign country for Mr B also. So in that case, Mr it will be considered as an importer and Mr B will be considered. Then exporter exposed the wood blocks to Mr A processing the Maine woods. Or we can say for future. Okay. No, Mr Beagle transfer. They were blocks like raw material. We can see. Okay. And against that, Mr B will make even to Mr. It will make payment to Mr B also against the purchase of Rome. Octavian. Okay. No. What happens? Did our this this would process? This whole process is known as inboard export. Please write down this example for back and future. But in Sochi, inboard export proceeded Who enable or a concert to facility who faceted bait the process off importing and exporting between two different countries or between multiple countries. They&#x27;re applied Important sport procedure. Okay. Applicable in respect off a specific country. Okay, now what happens? There are two types off agreements between exporter and reporter. Let&#x27;s say I know them who died so bigoted rings between even both that export that okay. However, those two big remains really differ in indictee like they will. They are very different from each other. The 1st 1 is frayed on board. We can see that will be okay. And in second case, we have CF. Okay. It&#x27;s a bust. Insurance and feet. See, they&#x27;re not there are different. There are different types off. What? Drinks available in the in the in hell would. Okay, however, these boots contract side Very popular among the I know, very various importers and exporters. Okay, but there is a very, very, very important difference in these two agreements. What is that? Enforcement that this freed on board the buyer? Or we can see the importer. So who is by Mr is a buyer? Okay, so in border is important or buyer is the same thing. However, in and Borden Export procedure the effort by Raisa Importer So you can write it down so that it will be simpler to understand as well as a tomorrow too. Okay, So what happens in Freedom Book contract? The buyer is responsible for payment off shipment expenses. Like what happens? No, if Mr B Okay, if Mr B is standing good logs to Mr a Okay, let&#x27;s say to Mr be sending the material crucial. No. What happens? The transposition cost off the ship. Okay, Which will be chargeable by shipowner. Will be payable by Mr A in case off $3 border basis. So I&#x27;m writing ST please. I did note you get a clear distinction between these types of contracts. There will be better by Mr A. Okay, because he is dying. Porter is the bios. But in second case, what happens? The seller will be or begins E. Yes, but everything s put our example. Mr Be will be these expenses. Were these expenses these expenses? These expenses like cost off insurance ing freight. Okay, so we have arrived at a solution worked. The ocean has asked us which of the fallen statement is true. So although the out of the available over options, the first option is correct option Which say&#x27;s that in case off raid on board contract also, what happens? The responsibility off birds passes on Dubai It okay, The possibility The responsibility of responses on Dubai as the goods are shipped. Okay, So the correct choices you can Jordan Jordan Downs first as the next second sheet on your notebooks for Do you, Jennifer? Inside. So however I will Correct? Solution is Joyce, That&#x27;s all. Whatever solution. Thank you.

Puneet Prajapati · Answer

Okay, so we will understand the meaning off export production. Okay. Ordered by their giving. Enlisting how many types off conviction. We can have an export. Okay, it refers to kinds foot off goods, wrong one country to another country against the demon dog. Foreign currency. Okay, so most of us, most of us know that. What is the actual meaning of export back? Let&#x27;s suppose there is Mr A. Who is deciding in oh, country India. Okay. On the charisma, there is a person Mr See who is deciding in you. Okay, lets see you neither legs. Okay. Know what happens forever? Be their transaction between these through customers, okay, will be no less export. You will be no less export. No, in export data. Most people types off contracts we have. However, we will disclose default that is actually referred to us. Say it on board. Okay, So in that case, what happens? So Freedom Board is a contract in which by it does not be shipping judge Okay. Shipping judges like when the seller is transporting the goods from his peers to another country. So the buyer does not pay the shipping countess okay by Eric doesn&#x27;t by. You can write down what? I&#x27;m going for them backing right now for the cherry for insults in addition to the current solution. Okay. By or is the good What was the consignment rendered? Reaches the destination. Okay. Support African the characteristics off Freed on board Stayed on board so by does not pay shipping charges. Okay. Buyer owns the consignment vented reaches the destination. It also means that bias buying does not only good span it is in transit like men. Though when you can see when the goods are in the middle of the sea my country Okay, then buy It is not liable to pay for the loss of the goods if in case be, consignment sinks into the sea but between in the middle of the jack. Okay, so fire all the consignment Only when it reaches the destination. Otherwise, buyer will not be Latin for any loss off goods before it reaches 20 destination. Okay, so our current solution matches with joi sey That is, they&#x27;re sees Okay, border What it actually is that by it will be liable if if the birds leave the place off exported. Okay. So in that case, choice see is the correct answer we have derived. As for the characteristics off raid on board contract we have written. Okay. So you can write down what? I have written a part. However, choice is the correct answer. OK, so that&#x27;s our for our solution. Thank you.

Puneet Prajapati · Answer

Okay, so we will understand the meaning of export. Okay. You understand the Olympic terminologies so picked it first, too. Transaction body reports snow. So here we write country. Okay, because it is explored. So, in export, we have a country to country with many others. And in that country against did they went off foreign exchange. Okay. However, we have return it technically definition here, but we will invest ended. It&#x27;ll be It&#x27;s open. Let&#x27;s suppose it is. Mr. T. Okay. There is a Mr Dean who&#x27;s deciding in who is the deciding country. I and there is a Mr Okay who is deciding in country June. Okay. No, Mr A supply Some burgers from one country from his or country, I hope. A little teaching. Okay, what&#x27;s off that say U S dollars? So they said gave it $1000 to study. So this is the middle of export. However, in export, it is a very famous contact in which most off workers and exporter will be indulged. OK, so Mr a will be exported, okay. And Mr K will be important. Exporter is the person who export bigots. Okay, what&#x27;s more, pickles, however important, is the person moved, but Jason&#x27;s deep. What&#x27;s so? I&#x27;m growing the idols to make you understand that what paper off transaction is going on between the parties? Now, let&#x27;s understand the meaning law. Contract that has been us. They&#x27;re gone. Board shipping. Okay, so what? That&#x27;ll mean? Characteristics must often cellar does not be shipping expenses. It means that whenever that sport that is export, that is, transferring the words to enter the country. So he will not be liable to pay the shipping expenses. Okay, Like transportation costs. One soon said it is north label for loss of birds in in with a love. Okay, the third most important characteristic is I said no is absorbed from ownership off birds. Then then? Then it leaves the place off. Send it. Okay. Now, what does that all the What does that mean? The afternoon characteristics here that first of all, let&#x27;s support Mr Is transferring goes to Mr So First characteristics A&#x27;s. That&#x27;s Mr Able Lord. Shipping expenses related to transporting upholstery. Mr. Okay. No. What What the second statistic say&#x27;s that? Let&#x27;s suppose the boots via being transported lost at this point. Okay, The one lost at this point, so center will not be liable for loss uppers in the middle of the day. Okay, it is the owner. The loss will be born by Mr K. That is important off chaser. Okay, In the third characteristics sell, it begins in Mister A Mr A Lose ownership uppers If if and then the girls believe that place off. Mr. Okay, so three important characteristics have been clarified. So? So that matches with Joyce D. In our case, which is the current solution for the case. Okay, so they buy it by buyer becomes the order, Of course. Then the goods leave the place off. Exporter. Okay. In our tentatively important becomes the owner of words, then words and leave the place off. Exporter. Okay, Not at the point. Then woods at each in the place of business off. Important. Okay, so our correct choices choices. However, you can write what I have done so far. However, choice these the correct answer

Puneet Prajapati · Answer

Okay, So we are going to win this day the popular Mathur off exporting words. Okay, that this frayed on board contact before that, we will understand that. What is export transactions? So let&#x27;s suppose there is mystery who is deciding in country I and they deserve a second person. Mr C. Who is deciding in 20. He you are not here. The basic would be confusing. Don&#x27;t be. Okay, so let&#x27;s say Mr has transferred 13 boards off dollars, 1000 off 1000 noise. Okay, Mr. C has a beard and guess like important currency. Okay. So that religion will be considered as legal work. Contract. Okay. Export production. Basically. So this is the example of export transactions? Example Export. Okay. However, Freedom Board matter is the most popular which is chosen by by it. We can see in both that also by there. So because in case off Freedom Board, the sailor, the buyer, he&#x27;s the shipping expenses. Okay. However, there are certain benefits available to buy around so but in that case, But in that case, what happens sometimes the buy it does not. Does not being guys the buyer hazing credit Does the buyer piece the fire does not a majority. Okay, so within government. So Mr C has promised to pay within now. In that case, what will happen if Mr See as being by it and Mr is set? So as Mr C will be that the shipping expenses, okay, the shipping expenses, Then what will happen to accounts will be defected That this stock and that this guess Okay, so I stopped. And by not shipping expenses because the cost of start bill include shipping expenses. So write it down. What stuff? Store this shipping expenses. Okay, so this this account will include shipping expenses as well. It&#x27;s cost off Rama decongestant that this $1000. Okay. And if if the law is being paid in cash and cash accountable also directed. So these are both affected with the transaction. Okay, so it means that we have identified over solution that matches with choice be okay. That stock and cash upon will be affected if this transaction will happen. Okay, So I so I have stayed there. The example off export production okay. With regard to freight on board also, so you can refer the example for complete solution. However, the choice is the correct answer. That&#x27;s all. For other solution

Jiapeng Guo · Answer

Hi. So this is prom in six from chapter seven, producing the quantity larger than the ICO data, which is cute too. So this is equal labor and quality. If producing at here, which is larger than the equally living quantity office, some supply and the mind is inefficient. Right? Already we started from the graph, Anna. Also, this chump illustrate wise, this is inefficient because the marginal buyers willingness to pay is my the positive or negative. So down here. So this is a quantity too cute to which is larger than that. You could leave their quantity and we know the buyers willingness to pay. And at this point so and we can see here corresponding today&#x27;s pointing the rights this point is definitely is. It&#x27;s positive because they spot the zero, So it&#x27;s positive. We know First thing we know is positive, right? So, uh, we, uh, way tacking here power too can the second, we should, um, quantify residents to larger or smaller. Then the, uh uh, the marginal Silas elders cost. So we&#x27;re here down here. So this is current funding to this point and the this point. So it&#x27;s clear on this point and this point his kind born into this press. So we know the center&#x27;s cost is as here, which is definitely above the buyers. Winning is to pay, so we should choose that greater a smaller. But it&#x27;s less than the sellers. Ah! Mmm mmm Mmm Mmm. It&#x27;s less than the sellers. It&#x27;s Leslie. This Ah, marginals Sellers cost. So I wish you the truth, See?

Sujita Thavva · Answer

So let&#x27;s talk about a few different statements. So the 1st 1 is the short run aggregate supply. SRE s demonstrates a direct relationship between the level of real output and price level. As price level goes up, the level of real output also goes up. This is because suppliers are more motivated to produce more when prices goes up, because if the price is air high, they&#x27;ll get more money for what they&#x27;ve produced. This is why, as Arias is a positive sloping line, us are a Okay, so now let&#x27;s look at the second statement. The second statement is the long run aggregate supply. LRS curve is not based on the assumption that nominal wages are fixed in the long run. Nominal wages do react to price level. Changing the one that&#x27;s fixed is the shorter on aggregate supply, not the longer in aggregate supply. This is why the long run aggregate supply is a vertical line. Now let&#x27;s look at the 3rd 1 In the long run, price level increasing will result in nominal wages increasing. This is because when price level increases, workers need more money to pay for the higher prices. So that&#x27;s why nominal wages increase. Keep in mind it&#x27;s nominal wages and not real wages. Nominal wages do increase for real wages. It kind of depends on the inflation. Oh.

Problem

On which financial statement would the merchandis…

Problem 4 Medium Difficulty

Answer

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting