why is CIRO and PIRO used in the importing process

Q: What type of intangible assets are the Trade name, customer Relationship, the Non-Compete agreement,…

A: Types of Assets: Assets is of Two Types: Current Assets and Fixed Assets   1. Current Assets are…

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: is amortization of patent included in statement of costs of goods manufactured?

A: The income earned by a corporation after deducting the direct costs of manufacturing its products is…

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 is shelf registration?

A: Answer: Shelf registration is subject to Securities and Exchange Commission SEC Rule 415 of the…

Q: What are the methods used to determine the cost of goods?

A:

Q: the different types of purchasing procedures

A: A purchase process is a formal and systematic process of purchasing goods and service by an…

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: nat is the Production EC Company?

A: The cost of production for any company’s product must be determined in order to control cost and…

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

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

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: Please find the following: Conversion Cost Manufacturing Cost Cost of Goods Sold Cost of Goods…

A: Conversion cost means the total of direct labor and factory overhead where as manufacturing cost…

Q: why service industry involve operating expenses and retail industry involve operating expenses and…

A: Service Industries include those companies which offers only services to other industries. Retail…

Q: IS a outsource?

A: Outsourcing is the process of hiring a third party to perform the company's services that are…

Q: What is a merchandiser?

A: Merchandiser is a business that purchases goods  and resells to customers…

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

A:

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? Please provide examples of each.

A: Each domicile or country would have its own import export restrictions in order to protect its…

Q: how to find cost of goods sold

A: Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a company to…

Q: Cost of goods to e: Price of goods to in Ocean freight insu

A: There are different terminologies in the international commercial market which defines the…

Q: How do service companies differ from manufacturing companies?

A: Company:   A company refers to an artificial judicial person created by a group of individuals who…

Q: Why is manufacturing overhead applied to products when product costs are used in making pricing…

A: Definition: Manufacturing Overheads: The cost which is indirectly related to the production is known…

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: es RTN hold any importan

A: In online transactions are done based on codes and codes are given for the name of bank and area of…

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: What is the initial cost for transporting the goods as shown in the below table?

A: As question does not specify from which method to apply, SME will solve using North West Corner…

Q: What is an internal exchange transaction, and how is it reported?

A: Internal exchange transactions are those reciprocal exchange transactions that occur between funds…

Q: which party would pay for freight costs

A: The furniture company in California is the buyer. The seller is a company located in Michigan. The…

Q: How does FOB Shipping Point differ from FOB Destination

A: FOB  means Free on Board [ or Freight on Board].                       FOB…

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 document initiates the sale process

A: In the above questions we have asked about the document which initiates sale process.

Q: Define Freight-in.

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

Q: What are the functions of packaging?

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

Q: What is off-exchange transaction?

A: The answer is provided in the next step.

Q: What factors other than the number of units shipped are likely to affect the company shipping…

A: Shipping expense:   It refers too the cost of postage and related transportation to move the package…

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 does the use of direct and indirect materials in production affect the accounts?

A: Step 1: Direct materials are the raw materials that are used directly in the process of production.…