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Which term indicates that merchandise is free of transportation charges to the buyer?
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∙ 10y ago
FOB Destination
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∙ 10y ago
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What are the characteristics of monopsony?
Ans: In economics, a monopsony is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one seller faces many buyers. As the only or majority purchaser of a good or service, the "monopsonist" may dictate terms to its suppliers in the same manner that a monopolist controls the market for its buyer.A monopsony is a market condition where multiple sellers, [the majority of sellers in that market] all have to sell to the same individual buyer because that buyer is buying a significant portion of the entire market. This gives the buyer the advantage because the buyer can keep asking each seller to match or undercut the competing sellers prices, thus driving down the prices of the products in that market.Single Buyer: First and foremost, a monopsony is a monopsony because it is the only buyer in the market. The word monopsony actually translates as "one buyer." As the only buyer, a monopsony controls the demand-side of the market completely. If anyone wants to sell the good, they must sell to the monopoly.No Alternatives: A monopsony achieves single-buyer status because sellers have no alternative buyers for their goods. This is the key characteristics that usually prevents monopsony from existing in the real world in its pure, ideal form. Sellers almost always have alternatives.Barriers to Entry: A monopsony often acquires and generally maintains single buyer status due to restrictions on the entry of other buyers into the market. The key barriers to entry are much the same as those that exist for monopoly: (1) government license or franchise, (2) resource ownership, (3) patents and copyrights, (4) high start-up cost, and (5) decreasing average total cost.
What MOLBO mean in lpg term?
MOLBO means "More or Less Buyer Option"
A 14k gold charm contains approximately how much pure gold?
A 14k gold charm contains approximately 58.3% of pure gold. The amount of pure gold in a 14k gold chain will be worth about $900 if taken to a jewellery buyer or gold buyer.
How much is mercury worth per gram in UK?
it is werth at least $4.36 or what ever the buyer whants for it
Which type of bond would provide the most price stability?
You need one that is symmetrical. This allows the price and the demand to be equal and both the buyer and seller to be satisfied with the transaction.
What does a buyer do When goods are shipped FOB destination and the seller pays the transportation charges?
makes no journal entry for the transportation
If the buyer is to pay the transportation coats of delivering merchandise delivery terms are stated as?
FOB Shipping point
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
When goods are shipped FOB destination and the seller pays the transportation charges what journal entry does the buyer make?
Journal entry in the books of the buyer: [Debit] Goods Purchased xxxx [Credit] Cash/bank xxxx As buyer has not paid the freight charges, he will only record the transaction with original goods purchased amount.
When a buyer returns merchandise purchased for cash the buyer may record the transaction using the following entry?
debit cash; credit merchandise inventory
If the title to merchandise purchases passes to the buyer when the goods are delivered to the buyer the terms are?
FOB destination
If the ownership of merchandise passes to the buyer when the seller delivers the merchandise for shipment the terms are stated as FOB destination True or False?
false
What is a buyer's premium?
A buyer's premium is a bonus paid by a buyer in addition to normal payments or cost, usually made to an auctioneer or merchandise club to cover administrative costs.
What is a Buyer's Premium?
A buyer's premium is a bonus paid by a buyer in addition to normal payments or cost, usually made to an auctioneer or merchandise club to cover administrative costs.
When merchandise is returned under the perpetual inventory system the buyer would credit a. Accounts Payable b. Merchandise Inventory c. Purchases Returns and Allowances...?
The Buyer would likely perform the following transaction: DR- Account Receivable CR - Merchandise Inventory The Buyer would probably debit CASH if they receive CASH from the Seller instead of having to WAIT on it. The Merchandise Seller would perform the following transaction: DR - Merchandise Inventory CR - Accounts Payable, OR CASH
How do you get the email for General Merchandise Buyer of Lowes Companies?
go on linkedin or jigsaw
What is the arrangement between buyer and seller as to when payments for merchandise are to be made?
Credit Terms
