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Is freight in a selling expense or cogs?
cost of goods sold... which is an expense.... when you see FOB freight in/out is and then is added to purchases later on to calculate COGS
What is revaluation account?
revalutation account is opened to record the revaluation of assets and liabilities.the profit or loss arising because of revaluation is transfered to old partners capital account in their old profit sharing ratio. Companies from time to time check the values of assets and liabilities for there book values and if there is some changes in book values of assets and liabilities that revaluations are made through revaluation account which are later charge to profit and loss account or transferred to reserve account.
Alex bought 10 shares of Apex Co for 95 each and later sold all of them at 105 each This transaction resulted in what type of event?
The answer was Capital Gain on apex for anyone seeing this now :)
What is the feedback principle?
The feedback principle is the belief that positive and negative feedback can drive stocks and currency pairs in Forex to oscillate. The belief that a stock is overpriced causes the masses to respond (feedback) by selling it off and buying it later.
How can you find out how much employees make at a non profit organization?
I work at a non-profit organization in Kansas as an office assistant. Starting out I made minimum wage, then I moved up to $7.50/hr for 2 years, and now, 3 years later, I make $10/hr. Most employees here stay at the $10/hr wage, but office administrators and department heads make up to $15/hr. I doubt the pay ever goes higher than that though. I have friends who work in other non-profit organizations, and their average pay is around $12/hr.
Who bought up large areas of land in the hope of later selling it later for a profit?
Land speculators
Bought up large areas of land in the hope of selling it later for a large profit?
Land Speculaters
Do you have to claim the sale of a vehicle as income?
Normally you never make a profit on a car you buy and sell years later. Depreation will take care of that. However if you are buying and selling cars for profit, then yes the net profit is considered earned income. Not the selling price but the net profit.
Could you get in trouble for unknowingly buying a stolen car and selling it 7 yrs later finding out it was stolen 2 yrs later from the guy that bought it from you?
You would not be in trouble unless there was reason to believe you knew it was stolen and participated in selling stolen property.
What is the difference between the purchase price and the selling price when an investor buys a stock and sells it later at a higher price is this a yield finance related?
buying price is bid, selling price is ask, difference is spread, profit is income or capital gain
What is the definition of the term buy to let?
The term Buy to Let is used when one buys a building/land in hopes to resell it later on for profit. A buy to let for example is if Joe buys a building for 500,000 dollars a year later he sells it for 1,000,000 dollars. The term is a British term.
A buying a commodity such as land or stock with the intention of selling it later when the price goes up?
Speculation: the buying of land with the intention of selling at a profit when the market price rises. Source: United States History [in christian perspective] Heritage of Freedom(3rd Ed.)
What is the difference between short selling and naked short selling?
Short selling or "shorting" is the practice of selling a financial instrument that the seller borrows first (does not own), and then purchases it later to "cover the short". Short-sellers attempt to profit from an expected decline in the price of a security, such as a stock or a bond.Naked short selling or "naked shorting" is the practice of selling a stock short, without first borrowing the shares or ensuring that the shares can be borrowed as is done in a conventional short sale.
Distinguish between selling cost and production cost?
Under absorption costing you will have direct materials direct labour variable manufacturing overhead and fixed overhead in to product cost. then this figure will be placed on the balance sheet as inventory then to COGS when sold. However selling and administrative cost will be reflected the later part of the income statement and not in the cogs. These cost are know as the period cost because they are not related to the manufacturing process. revenue - cogs = gross profit gross profit - period cost= profit before taxes
How many veicles can you sell in British Columbia without a delers license?
there is no limit as long as you can prove the cars you are selling is not intend to make profit. (this is what i was told by BC dealer association in Surrey. (but this is stupid policy, it is hard to prove you are not intend to make profit, e.g.1, you bought a car by $10,000, after use is two month, you need to change it to a SUV by sold the sedan by $12,000, you are not intend to make money, but you got extra dollars. e.g.2, you bought a car by $10,000, but later you found need to change brake and tires, and timing belt, costs you $1000, but you sold it by $13000, you are not intend to make money, but the buyer willing to pay more! why? the car is repaired,
Practice of buying property on the gamble that it can be resold for a profit later?
speculation
Did Ed McVaney create Java?
No, Ed McVaney was one of the founders of J.D. Edwards which was later bought by PeopleSoft which was later bought by Oracle.Java was created by James Gosling of Sun Microsystems (along with other Sun engineers). Sun was later bought by Oracle so there is a small connection.
