textbook is: Principles of accounting volume 1 Financila Accounting chapter 6 - Merchandising Transactions.
Please carefully read the entire discussion assignment and its requirements. Please note: This is the third of four case/discussion assignments for BSN 110A for the winter 2023 quarter. Your case is... 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. Requirement \#1: Under Dobbs' FOB policy, when should the company record a sale? When is the point of transfer? If Dobbs' FOB policy were the other option, what is that called? Under that option, when would the company record a sale? When is the point of transfer? Word total for Requirement \#1 should be - at minimum - 100 words. Requirement \#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 reasons. If you disapprove, identify a better way to decide when to ship goods. (There is no accounting rule against Dobbs' practice.) You are to fully explain your rationale for your answers. Word total for Requirement \#2 should be - at minimum - 200 words. There are "right or wrong" responses to Requirement \#2. You need to be sure to fully explain your reasoning for your responses. Yes, it is all about effort! REMEMBER: You are to make one discussion post with both requirements included and identify your responses by the requirement's number. There are "right or wrong" responses to Requirement \#2. You need to be sure to fully explain your reasoning for your responses. Yes, it is all about effort! REMEMBER: You are to make one discussion post with both requirements included and identify your responses by the requirement's number. TO BE CLEAR - This discussion's requirements focus on your research based on your reading of the textbook. You will cite your textbook page numbers [either as PDF (the digital file) or printed text] within or at the end of the relevant phrase or sentence. You will NOT use Google or any other outside Internet source. Your textbook is more than enough. IMPORTANT: You cannot see other student postings until you make your own posting. I am interested in how you view this assignment without any influence from other students and their postings. One final - VERY IMPORTANT - point: You are to prepare your responses using proper English grammar, spelling, punctuation, and sentence structure. This is, after all, a college-level academic exercise and I am looking for a strong effort from you. Please carefully read the entire discussion assignment and its requirements. Please note: This is the third of four case/discussion assignments for BSN 110A for the winter 2023 quarter. Your case is... 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. Requirement \#1: Under Dobbs' FOB policy, when should the company record a sale? When is the point of transfer? If Dobbs' FOB policy were the other option, what is that called? Under that option, when would the company record a sale? When is the point of transfer? Word total for Requirement \#1 should be - at minimum - 100 words. Requirement \#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 reasons. If you disapprove, identify a better way to decide when to ship goods. (There is no accounting rule against Dobbs' practice.) You are to fully explain your rationale for your answers. Word total for Requirement \#2 should be - at minimum - 200 words. There are "right or wrong" responses to Requirement \#2. You need to be sure to fully explain your reasoning for your responses. Yes, it is all about effort! REMEMBER: You are to make one discussion post with both requirements included and identify your responses by the requirement's number. There are "right or wrong" responses to Requirement \#2. You need to be sure to fully explain your reasoning for your responses. Yes, it is all about effort! REMEMBER: You are to make one discussion post with both requirements included and identify your responses by the requirement's number. TO BE CLEAR - This discussion's requirements focus on your research based on your reading of the textbook. You will cite your textbook page numbers [either as PDF (the digital file) or printed text] within or at the end of the relevant phrase or sentence. You will NOT use Google or any other outside Internet source. Your textbook is more than enough. IMPORTANT: You cannot see other student postings until you make your own posting. I am interested in how you view this assignment without any influence from other students and their postings. One final - VERY IMPORTANT - point: You are to prepare your responses using proper English grammar, spelling, punctuation, and sentence structure. This is, after all, a college-level academic exercise and I am looking for a strong effort from you
