9. Zeta Automotive ordered transmissions from the Alpha Transmission Company on May 7, 1990. The terms of sale were FOB destination. The Alpha Company shipped the transmissions on May 22, 1990, and Zeta Automotive received them on June 1, 1990. When should Zeta Automotive record the account payable?

Answers

Answer 1
Answer:

Answer:

June 1, 1990

Explanation:

FOB Destination stands for free on board destination.

Simply, it means that the goods in transit will be considered as the seller's responsibility until reached the buyer's destination.

Seller will bear all the liability until the order is delivered at buyer's destination.

Hence, Zeta Automotive (Buyer) will record the account payable only when the order is received on the June 1, 1990


Related Questions

Which of the following statement is TRUE? a. TIPS are a Treasury offering that protects investors from unexpected increases in inflation. b. A callable bond is one where the issuer is required to retire a certain amount of the outstanding bonds each year to ensure that all the bond principle is paid by final maturity. c. Treasury notes and bonds and municipal bonds are default risk free. d. The dirty price plus accrued interest is called the clean price of the security. e. Revenue bonds are backed by the full revenue of the municipality.
A market consists of all of the following elements except: Select one: a. Individuals or Organizations b. Goods, Services, or Ideas c. Entities with the potential to have a desire d. Entities with the potential to have the ability to acquire e. All of the above are characteristics of a market
What do virtually all "phishing" emails have in common?
Sam put $350 that he received as a birthday gift in his checking account. Where in his checkbook register should he write this amount? A) in the PAYMENT or WITHDRAWAL AMOUNT column B) in the DEPOSIT AMOUNT column C) in the BALANCE column D) in the FEE column
_________ is a portfolio analysis model developed by the Boston Consulting Group that assesses the potential of successful products to generate cash that a firm can then use to invest in new products.

The supporting document portion of your business plan should contain r sum s of the owners, letters from lenders, anda. operating processes.
b. letters of reference.
c. inventory information.
d. staffing requirements.

Answers

The supporting document portion of your business plan should contain resumes of the owners, letters from lenders, and b) letters of reference.
its b look on page 18 of your book 

What does market value of a good or service mean?A.)loss incurred on a good or service
B.)profit incurred on a good or service
C.)cost of producing a good or service
D.)current price of a good or service

Answers

In this case D would be the correct answer. In our free market economy, or capitalism, the price is set dynamically by the supply and demand curve for a product. If more people want to buy a product, the higher the price can be. On the other hand if a product costs to much, people won't want to buy it and the company could end up making too much of it.

The market value of a good or service is the current price at which it can be bought or sold in the market. In your multiple choice question, the correct answer is D.) current price of a good or service.

The market value of a good or service refers to the current price at which it can be bought or sold in the marketplace. This is influenced by various factors including supply and demand, production costs, and competition among others. It's the price that consumers are willing to pay for a good or service at a given time.

So, in your multiple-choice question, the correct answer would be D.) current price of a good or service. This is because the other options i.e. loss incurred on a good or service (Option A), profit incurred on a good or service (Option B), and cost of producing a good or service (Option C) do not exactly define what market value is.

Learn more about Market Value here:

brainly.com/question/32517087

#SPJ6

What part of the cover letter explains how the applicant's qualifications meet the needs of the company?a. Header
b. Introduction
c. Argument
d. Closing
Please select the best answer from the choices provided

Answers

Answer:

c

Explanation:

Final answer:

The c) argument section of a cover letter explains how the applicant's qualifications meet the needs of the company.

Explanation:

The correct answer is c. Argument. The argument section of a cover letter explains how the applicant's qualifications match the needs of the company. In this section, the applicant highlights specific experiences, skills, and achievements that are relevant to the job requirements mentioned in the job posting or job description. By making a compelling argument, the applicant aims to convince the employer that they are the right fit for the position.

Learn more about Cover letter here:

brainly.com/question/31920859

#SPJ3

The City of San Jose built a new city hall and financed construction by issuing bonds due in installments over the next 30 years. The bond principal and interest will be paid by a special tax levied on property in the City. The revenue received from this special tax should be accounted for in which of the following funds?

Answers

Answer:

Debt service fund.

Explanation:

A debt service fund is a cash reserve that is used to pay for the interest and principal payments on certain types of debt.

A restaurant offers an "all you can eat" meal for $9. Tyrone has eaten three servings and is trying to decide whether or not to go back for a fourth. The economic way of thinking suggests that Tyrone should go back for the fourth serving if and only if:_______. a. his marginal benefit of the additional serving is greater than zero.
b. his marginal benefit of the additional serving is at least $3.
c. his marginal benefit of the additional serving is $9 or more.
d. his total value from the meal exceeds $ Because information is costly to acquire.

Answers

Answer:

a. his marginal benefit of the additional serving is greater than zero.

Explanation:

While consuming an additional unit of a commodity : consumer compares it's marginal/additional benefit (utility) MU with marginal/ additional cost i.e price P. Hence, equilibrium is where : Marginal Utility MU = Price P

However in this case, 'all you can eat' i.e unlimited food at $9. So, there is no additional cost for consuming 4th serving.

So, Tyrone will take consumption decision based on only marginal benefit - will consume if the marginal benefit i.e additional satisfaction from the 4th serving consumption > 0, because it will increase her Total Benefit/ Total Satisfaction.

If MU / MB of 4th serving is negative: she will be worse off consuming 4th unit,  as it will reduce her total benefit/ satisfaction. If it's 0, she will be indifferent consuming 4th unit or not, as total benefit/ satisfaction will remain same.

In case of an emergency, you should have money saved to cover expenses for at least _____.

Answers

In case of an emergency, you should have money saved to cover expenses for at least 3 months because you never know when are you going to get injured really bad