Question

In: Accounting

You have been asked to write a report regarding who may receive freight. Analyze FIVE (5)...

You have been asked to write a report regarding who may receive freight. Analyze FIVE (5) principal parties to whom freight may be payable, when this would be the case and if there are any exceptions

Solutions

Expert Solution

frieght is the amount or charge paid by the organization to transport any goods to the company this can be through air, land or sea.it is the process of transporting goods or cargo to the organization/ the company. and the company is charged for this .this payment is also called transportation charges.

this gods are transported on freight prepaid or right-collected basis.this are the two payment which comes under freight. let's look at some of the principal parties who could account freight revenue:

  • parties- who completes the delivery obligation from halfway till the end.
  • agent-who stands on behalf of the transportation company.
  • logistic company-who take the responsibility of pick and delivery

freight charges are paid to the agents or the transportation company who took the responsibility of the transport.all of the parties are paid an amount for their transportation service this is called frieght charge.but in case if payment if ta there is many exemption all this depends in the type of good s that being transportes.lets look at some of the examples which are exempt from frieght chargds.

exmempt:milk,food grain including rice,flour ,pulses,agricultural prodcut.magazine,newspaper,defense military equipment,relief materials,organic manuare.

also this exemption depends upon the country ad can vary from country by country.


Related Solutions

SAT Score Analysis You have been asked to analyze SAT scores (which may be 400 -...
SAT Score Analysis You have been asked to analyze SAT scores (which may be 400 - 1600).   You will be analyzing a population (a list) which consists of a number of samples (lists) of student scores. Here is the code to generate the  population/samples:      import random   population=[]   for i in range(5):   sample = []   n = random.randint(5,10)   for num in range(n):   sample.append(random.randrange(400,1600))   population.append(sample)   The analysis should be conducted as follows:   ##calculate the total number of scores     ##calculate the total value...
SAT Score Analysis You have been asked to analyze SAT scores (which may be 400 -...
SAT Score Analysis You have been asked to analyze SAT scores (which may be 400 - 1600).   You will be analyzing a population (a list) which consists of a number of samples (lists) of student scores. Here is the code to generate the  population/samples:      import random   population=[]   for i in range(5):   sample = []   n = random.randint(5,10)   for num in range(n):   sample.append(random.randrange(400,1600))   population.append(sample)   The analysis should be conducted as follows:   ##calculate the total number of scores     ##calculate the total value...
You have been asked to prepare a report for the Chief Executive of the organization you...
You have been asked to prepare a report for the Chief Executive of the organization you work for on the details of the zero-base budgeting technique. Prepare a report explaining: a) What zero-base budgeting is and to which areas it can be best applied. b) What advantages the technique has over traditional type budgeting systems. c) How the organization might integrate such a technique. Make sure you expand on your own words, do not copy/paste verbatim from the book or...
imagine you are a business consultant to ExxonMobil and you have been asked to analyze, advise,and...
imagine you are a business consultant to ExxonMobil and you have been asked to analyze, advise,and create recommendations on how the firm can ensure its future success in it's current market. prepare a minimum of 1050 word analysis of economic data and business data to explain how the core economic principles impact the sustainability of the firm and what actions the firm can take to ensure success. address the following: •identify the market structure of ExxonMobil operates in, analyze its...
You are an analyst at the ABC Corp and have been asked to analyze factors affecting...
You are an analyst at the ABC Corp and have been asked to analyze factors affecting the likely profitability of ABC entering the market for “non-historical” stone arrowheads. Here is a list of facts that you have accumulated about the stone arrowhead industry. • The main input, flint, is produced by about 250 local flint miners. Some of them offer bulk discounts on the amount of flint you order, some do not. • You turn the flint into arrowheads using...
You have been asked to analyze the queue for registrations for a popular MSOM seminar at...
You have been asked to analyze the queue for registrations for a popular MSOM seminar at a major national conference. Conference attendees arrive to register at the rate of 5 people every 15 minutes (Possisson distributed). It takes each host, any number of which can be hired directly through the conference at the cost of $17 per hour, 7 minutes to register a guest, following a negative exponential distrubution. The conference recognizes a waiting cost of $40 per hour per...
You have been assigned to care for a patient who is to receive an intravenous infusion...
You have been assigned to care for a patient who is to receive an intravenous infusion of oxytocin to induce labor. The patient was admitted to the hospital 2 days ago for dehydration related to the flu. What information should you obtain before starting the drug therapy? Is the patient’s recent dehydration a consideration? If so, in what way? Is any special equipment needed to administer oxytocin? What monitoring should be done during oxytocin infusion? For what complications that may...
Answer the following questions, assuming that you have been asked to analyze a potential acquisition by...
Answer the following questions, assuming that you have been asked to analyze a potential acquisition by your company: (a) Which long-term assets on its financial statements are the most likely to be misstated by their carrying amounts? Explain your reasoning. (b) Is it possible that the company being considered for acquisition has some long-term assets that do not appear on its financial statements at all? Explain why or how this might occur.
In your role as a financial analyst, you have been asked to analyze certain aspects of...
In your role as a financial analyst, you have been asked to analyze certain aspects of working capital management for The Kroger Co. (KR) and Sprouts Farmers Market, Inc. (SFM). In your analysis, you should consider the following: a) Cash conversion cycle. b) Liquidity. c) Short-term financing versus long-term financing.
estion You have been asked to audit the financial statements of Clark Company and report on...
estion You have been asked to audit the financial statements of Clark Company and report on your findings. After examining the beginning and ending inventory counts and calculations for the current year, you find the following: Beginning inventory is understated by $7,600. Ending inventory is understated by $7,100. Management of the company wants to know the effect that the errors will have on certain financial statement items. Required: Ignoring income taxes, determine the effect that the errors will have on...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT