why is CIRO and PIRO used in the importing process? Please provide examples of each.

Q: Why is it important to consider the relationships amongcost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

Q: Explain the difference between the terms FOB destination and FOB shipping point.

A: Inventory at the end of financial year to be shown in balance sheet , should means the inventory ,…

Q: Do we need to consider whether a company should buy equipment to perform an operation manually or in…

A: For a firm, one of the decisions that it needs to take at some point is whether a company should buy…

Q: are external and internal agents modeled in REA diagrams for transactions that involve purely…

A:

Q: What organizational form would warehouse operators and truck hauling companies adopt?

A:

Q: What document intiates the sales process

A: Answer: Sales order procedures involves accepting a customer order and processing it, filling the…

Q: What is the rule for assigning foreign keys in an M:M association?

A: Foreign Key: The primary key of a file is used to identify a record in another file is known as…

Q: Provide specific examples of migration costs: list two explicit and two implicit costs.

A: Introduction:- Initial migration fees are only one part of the entire cost of moving to the cloud,…

Q: Discuss the role of conversion cycle for service and retailing entities

A: Transaction Cycles: The similar transactions of an organization are grouped together to form a…

Q: What is single sourcing? Multiple sourcing? Outsourcing

A: Single sourcing is a concept used at the time of procurement of materials or any other thing…

Q: What are the attributes of Forward and Reverse Triangular acquisition

A: Forward Triangular Acquisition: Target consolidates with Procurement Auxiliary as a remaining…

Q: In our assignments should we use a table as shown in solutions or we can just simply write as an…

A: COGM stands for Cost of Goods Manufactured refers to the aggregate cost of goods that are…

Q: Define goods in transit? Explain?

A: Goods are the inventory of the seller and for purchaser, the goods can be the raw material, if the…

Q: Explain an example of internal users.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What are the main differences between fob destination in fob shipping point?

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Q: Identify  the compliance and/or regulatory issues influencing the  the cost of the products made.…

A: Government and regulatory issues can have a variety of effects on the cost of numerous goods and…

Q: in which one of the following market, transaction regarding the Goods and Services appears on…

A: Financial market refers to the place where it provides a platform to the traders to buy or sell…

Q: What does it mean to say that a trade was internalized at abroker-dealer?

A: Answer: Internalization happens where a trade in shares is carried out through a trading firm…

Q: why is CIRO and PIRO used in the importing process

A: CIRO: CIRO stands for Courier Imports Remission Order. This order directs that any goods that are…

Q: Define outsourcing.

A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…

Q: What kinds of information can be confirmed with a transfer agent?

A: The transfer agent is an entity that holds the information about the financial records of the…

Q: In what way does a typical manufacturing business differ from a merchandising concern? in what ways…

A: Manufacturing business means when a company makes finished products by use of raw materials and then…

Q: nstrument is used by the exporter and nporter to fulfill their short term nancial requirement?

A: Banks provide credit to the business for import and export.

Q: What are the differences between FOB shipping and FOB destination?

A: FOB shipping: FOB (Free On Board) shipping point is one of the terms of inventory sale. Under the…

Q: Explain how to determine the transaction price.

A: Determination of transaction price is one of the step of revenue recognition process. The…

Q: What different accounting transaction process needs a data warehouse? Why?

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: the modern thoery of trade is based in the principle of ?

A: The modern thoery of trade is based in the principle of ?

Q: What is the difference between purchasing digitaladvertisements with a cost-per-impression…

A: Introduction : The cost of per click and the cost per impression are two methods for doing digital…

Q: ?Which of the following costs is not related to a batch-related activity .Compliance costs .a…

A: A batch-related activity refers to the activity that is carried out in batches of units. There are a…

Q: Define Freight-in.

A: Purchases: The amount of cost of merchandise bought during a certain period is referred to as the…

Q: How does automation help achieve manufacturing flexibility?

A:

Q: What is the purpose of Transaction Tagging?

A: Tagging and tracking transaction: In tagging and tracking transaction technique, the auditor puts a…

Q: What are the functions of packaging?

A: The Packaging refers to every one of those exercises identified with planning, assessing and…

Q: utually e atives as part of a production imp ram. The alternatives are as follows:

A: Net present value refers to the concept that determines the difference between the current value of…

Q: Do you need to eliminate inter-company transactions when it comes to JV? explain briefly.

A: A joint venture is a business entity that can be defined as a joint arrangement where the parties…

Q: How are a merchandiser's  inventories different from the inventories of a service-oriented firm .

A: Solution:- Merchandiser’s inventories different from the inventories of a service-oriented firm:-…

Q: How can ABM be used by service companies?

A: Activity Based Management Activity-based management is refer as the one of the cost management…

Q: The flow of goods and services to consumers is illustrated by

A: Relationship of Goods and Service price with Consumer  Supply Chain of goods and Service from…