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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 shipping until January. If profits for the current year are lagging behind expectations, Dobbs ships the goods during December.

Required:

Create your own post and answer the following questions:

Under FOB shipping point policy, when should the company record a sale?

Do you approve or disapprove of Dobbs?

Respuesta :

facundobuzzetti

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Dobbs Wholesale Antiques makes all sales under terms of FOB shipping point.

1) The sale should be recorded when the products arrive at the shipping point. That is the moment when the responsibility of the product changes hands to the buyer.

If profits are already at an acceptable level, Dobbs delays shipping until January. If profits for the current year are lagging behind expectations, Dobbs ships the goods during December.

2) The product should be sent when the purchase is made.

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