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What is the difference between cost of good sold and cost of good sold statement?
Cost of goods sold is the total cost incurred for goods manufacturing while cost of goods sold statement is the document which shows the calculation of cost of goods sold.
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
Is paicking is direct cost or indirect cost?
Packing Is not a direct cost for producing goods as it is packing which is used to pack the finished goods and not to use to produce goods.
Beginning inventory plus the cost of goods purchased equals?
Cost of goods sold.
Is freight in considered an adjunct account?
Freight-in is not considered an adjunct account; rather, it is typically classified as a part of the cost of goods purchased. It represents the transportation costs incurred to bring inventory to a business and is added to the inventory account on the balance sheet. This cost is essential for determining the total cost of inventory, which affects the cost of goods sold when the inventory is eventually sold.
Why does a tariff make foreign goods more expensive?
Yes, a tariff is a tax on imported goods. The tax is added to the cost of the goods making them more expensive.
What are protective tariiffs?
They are taxes placed on imported goods to increase the price and protect locally produced goods which may cost more than the imported similar goods.
What is expenditure dampening?
Expenditure dampening is a policy which seeks to reduce consumer consumption of imported goods. The government can dampen by increasing rates to make the imported goods cost more.
Why are domestic goods cheaper for consumers to purchase than imported goods?
Imported goods will be costlier than the domestic, because the following costs added extra. Transporting charges from factory to port. Freight charges. Import duty. Taxes. Transport charges from port to the buyer's warehouse. Buyer's profit. Distribution cost to the shops all over the country with retailer's profit.
Is there a disadvantage to a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantages to a government placing a tariff imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantage a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantage to a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantage to a government placing a tariffs on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantage to a government placing a tariff on a imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantages to a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Did high tariffs hurt or help the American economy in the late 1800s?
American-made goods were less expensive than similar imported goods.
