Posted: May 3rd, 2016

.Under Wilson’s FOB policy, when should the company record a sale?

Wilson Company makes all sales all sales of industrial bearings under terms of FOB shipping point. The company usually receives orders for sales approximately one week before shipping inventory to customers. For orders received late in December, Kathy Wilson, the owner, decides when to ship the goods. If profits are already at an acceptable level, Wilson’s delays shipment until January. If profits are lagging behind expectations, Wilson’s ships the goods during December.

Requirements:

1.Under Wilson’s FOB policy, when should the company record a sale?
2. Do you approve or disapprove of Wilson’s means of deciding when to ship goods to customers? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods. (There is no accounting rule against Wilson’s practice.)
1. When a computer company selects a mix of strategies in order to create sustainable competitive advantage, it is following a
a. focusing strategy.
b. low-cost strategy.
c. differentiation strategy.
d. strategic positioning strategy.

2. _______________ are those factors that drive the cost of day-to-day activities performed as a result of the structure and processes selected by the organization.
a. Organizational activities
b. Organizational cost drivers
c. Operational activities
d. Operational cost drivers

3. Which of the following are true about total quality control?
a. Total quality control is an approach to differentiate and reduce overall quality costs.
b. Total quality control demands production of defect-free products.
c. Total quality control links suppliers closely with the firm.
d. All of these statements are true about total quality control.

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