Philips Corp

question 89

Multiple Choice

Philips Corp.is unsure how to record the following transactions:
• $60,000 of goods shipped F.O.B shipping point on December 28,2018.
• $50,000 of goods shipped F.O.B.destination point on December 31,2018.
What amount of sales related to these two transactions should Philips Corp.record in fiscal 2018?

• A)$0
• B)$50,000
• C)$60,000
• D)$110,000

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Definitions:

Work Station 1

A specific area or desk designated for an individual or specific task within a larger operational setup, often used in offices and factories.

Exponentially Distributed

Describes a process where events occur continuously and independently at a constant average rate, typically used in the analysis of time between events.

Queue Capacity

The maximum number of elements or units that a queue structure can hold or process before reaching its limit.

Poisson Process

A statistical process modeling the occurrence of events in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.