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Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
What are Revenue and Expense?
Revenues are the value of assets received in exchange for products or services provided to customers as part of a business's main operations. Expenses are costs incurred or the using up of assets that result from providing products or services to customers. Expenses can arise from increases in liabilities.
Is freight out debit or credit?
Freight out is typically recorded as a debit in accounting. It represents an expense incurred by a business for shipping products to customers. This expense reduces the company's net income, so it is recorded on the debit side of the income statement. In contrast, freight in (shipping costs incurred to receive goods) is recorded as an asset or part of inventory and is typically a debit as well.
What is the activity that is thought to cause a cost to be incurred?
The activity that is thought to cause a cost to be incurred is called an
Nature of expenses and an function of expenses?
An expense is incurred when a business contract to purchase goods or accept services which will not constitute a resource for the future from which economic benefits can be expected to flow. In other words, an expense is a cost which is not classified as an asset to the business.
What allows the manager to plot out the costs expected to be incurred during the coming year as they work to accomplish their assigned mission and provide goods and services to their customers.?
cost modulle
Are costs that are financed by another organizations or activitys appropriations. Examples include depreciation military labor and military rations?
allows the manager to plot out the costs expected to be incurred during the coming year as they work to accomplish their assigned mission and provide goods and services to their customers
Are Sunk costs that are financed by another organizations or activitys appropriations. Examples include depreciation military labor and military rations.?
allows the manager to plot out the costs expected to be incurred during the coming year as they work to accomplish their assigned mission and provide goods and services to their customers
Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
What is meant by the term carriage on sales?
Carriage on purchases is an expense incurred when the business delivers goods to their customers and it is not included in the amount of sales.
What are Revenue and Expense?
Revenues are the value of assets received in exchange for products or services provided to customers as part of a business's main operations. Expenses are costs incurred or the using up of assets that result from providing products or services to customers. Expenses can arise from increases in liabilities.
Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following a. Product cost b. Manufacturing overhead c. Period cost?
Product cost
How do you use incurred in a sentence?
The entrepreneur incurred a large debt among his investors.
In North Carolina is a bride of 2 months responsible for husband's medical bills incurred after marriage?
A married couple is normally expected to cover the debts of the other one. Even if it has only been two months.
Which of the following activities fall within the Cost Management business process area?
Establishes cost targets and efficiency goals; Accumulates all direct and indirect costs incurred to accomplish an objective; Calculates and analyzes variances from plan to actual.
Is freight out debit or credit?
Freight out is typically recorded as a debit in accounting. It represents an expense incurred by a business for shipping products to customers. This expense reduces the company's net income, so it is recorded on the debit side of the income statement. In contrast, freight in (shipping costs incurred to receive goods) is recorded as an asset or part of inventory and is typically a debit as well.
What is considered a solely incurred debt?
if i need a car and i am in bankruptucy how can i get a letter of incurred debt
