Business, 15.10.2019 20:30 fletcherjf3

Pcm, inc., is a direct marketer of computer hardware, software, peripherals, and electronics. in a recent annual report, the company reported that its revenue is "recognized upon receipt of the product by the customer." required: 1. indicate whether pcm's sales terms are fob shipping point or fob destination. 2a. assume pcm sold inventory on account to ecost on december 28 that was to be delivered january 3. the inventory cost pcm $30,000 and the selling price was $40,000. what amounts, if any, related to this transaction would be reported on pcm's balance sheet and income statement in december? 2b. assuming the same information from requirement 2a, what amounts, if any, related to this transaction would be reported on pcm's balance sheet and income statement in january? 3. assume pcm purchased electronics on december 29 that were shipped that day and received on january 2. for these goods to be included in pcm's inventory on december 31, would the terms have been under fob destination or fob shipping point?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 14:10

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Answers: 1

Answer

Business, 22.06.2019 19:50

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?

Answers: 1

Answer

Business, 22.06.2019 23:30

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.

Answers: 1

Answer

Business, 23.06.2019 06:50

It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items

Answers: 1

Answer

You know the right answer?

Pcm, inc., is a direct marketer of computer hardware, software, peripherals, and electronics. in a r...

Questions