Explain the Difference Between a Sight Draft and a Time

question 32

Essay

Explain the difference between a sight draft and a time draft.

Understand the consignment process including the roles of consignor and consignee.

Apply specific identification method to calculate the cost of ending inventory.

Estimate inventory costs using the retail inventory method.

Understand the impact of shipping terms on ownership and inventory cost.

---

Definitions:

Domestic Chores

Tasks and activities performed within the home, such as cleaning, cooking, and maintenance, typically for the upkeep and management of the household.

Present

The period of time that is happening now, or a gift, or to formally introduce or offer something.

Infant Care

The practices and routines involved in looking after the basic needs of babies, including feeding, sleep, hygiene, and safety.

Aka

An abbreviation commonly meaning "also known as," used to introduce aliases, nicknames, or alternative names.