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What else can I help you with?
Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
Is the cost of goods asset or liability?
The cost of goods sold (COGS) is not considered an asset or a liability; instead, it is an expense that reflects the direct costs attributable to the production of goods sold by a company. When goods are sold, their associated costs are recorded on the income statement, reducing the company's profit for that period. In contrast, inventory, which is the unsold goods, is classified as a current asset on the balance sheet until sold.
Is warranty a liability. Why?
Warranty is liability because by using this company assures the customer for any demages during warranty period so unless the warranty period is expires goods not concidered to be sold completely.
Is purchase returns and allowances a liability?
No, purchase returns and allowances are not considered a liability. Instead, they are classified as a contra expense account that reduces the total purchases or cost of goods sold on the income statement. This account reflects reductions in inventory and accounts payable, impacting the overall financial position of a company but not creating a liability.
What are contingent liabilities that are normally accrued?
A contingent liability which is normally accrued is estimated claims under a service warranty on new products sold.
How do you use seller in a sentence?
The seller sold me an apple.
When is a seller held strictly liable for a defective product?
A seller is held strictly liable for a defective product when the product is found to be unreasonably dangerous due to a defect in design, manufacturing, or inadequate warnings/instructions. This liability applies regardless of whether the seller was negligent or intended to cause harm, as long as the product was sold in a defective condition that caused injury or damage. The focus is on the product's safety and the seller's role in distributing it to consumers. Strict liability aims to encourage manufacturers and sellers to ensure product safety.
How many copies sold make a best seller?
if a seller gets his profit he need it can be said a best seller.
What is return sales?
When the sold items are returned back to the seller by the customer then, it is Sales Return for the seller.
Can you return a car to a private seller?
was there a guarantee or was it sold as is?
What happens when a horse auction ends on howrse.com does it go back to the owner?
if the horse has been sold, the money will be given to the seller and the horse will be transferred to the buyer's account.if it has not been sold it will return to the seller.
When a car is purchased from a private seller and it develops faults soon after purchase can the car be returned to seller?
If the car was running good when purchased, and was sold "as is", then not much. If it wasn't sold "as is" try to get your money back from the seller. If this doesn't work, you'll have to take it to Small Claims Court.
Was 'Brisingr' a best seller?
Yes, Brisinger was a best seller. On the first day it was released it sold more than 500,000 copies.
What is a Buy back clause?
A "Buy Back Clause" is used so that if whatever was sold to you by a seller is going to be sold in the future the original seller has first right to buy before anyother attempt to sell is made.
When a car is sold to you and the seller hid information from you is he liable for any of the repairs?
Without a legal contract it is "Buyer Beware" or "Sold as is".
How much is a house sold for?
Whatever the buyer is willing to pay and the seller willing to accept
What is a best-seller?
A best-seller is a top-selling product, especially a book, a book or other product which has sold in large numbers, sometimes the best in its class.
