Identify a better way to decide when to ship goods

Assignment Help Finance Basics
Reference no: EM131404431

Accounting Assignment

Dobbs Wholesale Antiques makes all sales under terms of FOB shipping point. The company usually ships inventory to customers approximately one week after receiving the order. For orders received late in December, Kathy Dobbs, the owner, decides when to ship the goods. If profits are already at an acceptable level, Dobbs delays shipment until January. If profits for the current year are lagging behind expectations, Dobbs ships the goods during December.

Requirements

1. Under Dobbs' FOB policy, when should the company record a sale?

2. Do you approve or disapprove of Dobbs' manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods.

Instructions: Your initial response should be no less than 250 words. Reply to at least two of your classmates. Replies to classmates should be a minimum of 100 words and include direct questions.In-text citations and references may be in APA format but is NOT required. Refer to the Forum Grading Rubric below for additional guidelines.

Reference no: EM131404431

Questions Cloud

Implement a disjoint set data structure : We want to implement a disjoint set data structure with union and find operations. The template for this program is available on the course website and named DisjointSets.java
Compute companys predetermined overhead application rate : Calculate the company's predetermined overhead application rate. Calculate the additions to the work-in-process inventory account for the direct material used, direct labor, and manufacturing overhead.
Describe possible methods of producing such a barrier : In order to use a steel or aluminum container for an acidic liquid, such as tom ato sauce, a polymeric barrier is usually placed between the container and its contents. Describe possible methods of producing such a barrier.
Calculate total expected utility from each restaurant option : Which of the two options should Patricia pursue if she wants to open a restaurant in a suburban area of Los Angeles? Calculate the total expected utility from each restaurant option and compare. Graph is not required.
Identify a better way to decide when to ship goods : Do you approve or disapprove of Dobbs' manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods.
Discuss the concepts of a break-even point and cvp analysis : Discuss the concepts of a break-even (BE) point and CVP analysis and why they are important in business. Give appropriate examples to support your views.
Explain the value of preparing contribution income statement : ACC 304- Explain the value of preparing a contribution income statement. Describe the concept of sensitivity analysis and explain the value of applying it during any budgeting process.
Analyze the information disclosed in delta airlines notes : Analyze the information disclosed in Delta Airlines' notes to their financial statements on property, plant, and equipment. Recommend additional data that Delta Airlines could include that would be useful to potential investors and creditors.
Discuss the highlights of the auditors report : What are the main strategic issues associated with the company that you have chosen? Discuss the highlights of the auditor's report. Do you see any links between corporate governance and auditing?

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate touchstones required percentage ownership

Calculate Touchstone's required percentage ownership at time 0 under these revised conditions. Assume as before that Touchstone and the second-round venture capital company continue to target returns of 60 percent and 40 percent, respectively.

  Your firm is contemplating the purchase of a new 580000

your firm is contemplating the purchase of a new 580000 computer-based order entry system. the system will be

  What is the coupon rate of the bond

Beam Inc. bonds are trading today for a price of $1,309.93 The bond currently has 20 years until maturity and has a yield to maturity of 2.51% The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the b..

  Lindsay brown owns a risky portfolio with a 15 expected

lindsay brown owns a risky portfolio with a 15 expected return. the riskfree return is 5. what is the expected return

  What order should these jobs be done

Job 3 will take seven on A and three on B. Job 4 will take five hours on A and one hour on B. Using Johnson’s rule, in what order should these jobs be done?

  Drywall systems inc is presently in discussions with its

drywall systems inc. is presently in discussions with its investment bankers regarding the issuance of new bonds. the

  Unrecognized gains and losses, corridor amortization

Rachel Avery, accounting clerk in the personnel office of Clarence G. Avery Corporation, has begun to calculate pension cost for 2004 but is not sure whether or not she should include the amortization of unrecognized gains or losses.

  Which of the two bonds would be more beneficial to you

Consider the decision to purchase either a five-year corporate bond or a five-year municipal bond. The corporate bond is a 12% annual coupon bond with a par value of $1,000. It is currently yielding 11.5%. The municipal bond has an 8.5% annual coupon..

  Treasury bonds paying an 13.4% coupon rate

Treasury bonds paying an 13.4% coupon rate with semiannual payments currently sell at par value. What coupon rate would they have to pay in order to sell at par if they paid their coupons annually? (Hint: What is the effective annual yield on the bon..

  If the returns required by investors are 10 percent 11

capital co. has a capital structure based on current market values that consists of 40 percent debt 6 percent preferred

  Investment banking analyst roles

You are definitely going to see many from top tier colleges but there are many more who made into the Investment Banking analyst roles having attended lesser known colleges.

  The stock of a certain company

The stock of a certain company

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd