Answer:
An index fund is a mutual fund or exchange trade fund designed to follow certain present rules so that the fund can track a specified basket of underlying investments
to maintain to form and function so A
when merchandise is shipped f.o.b. destination for goods shipped f.o.b. destination, title does not pass until the buyer receives the goods from a common carrier.
Free on board is referred to by the abbreviation FOB. Title does not transfer until the carrier delivers the items to the buyer if the products are transported FOB destination, with the seller covering all shipping expenses. While in transit, these items are a part of the seller's inventory.
While FOB destination retains the seller responsible for the goods up until they are delivered to the client, FOB shipping point holds the seller responsible for the goods up until they start their journey to the consumer. "Incoterms 2020," International Chamber of Commerce.
The shipping abbreviation FOB (Freight on Board) Destination denotes that until the items are delivered to the buyer, the seller retains legal ownership of them. In this instance, the seller covers all freight charges up until the items are delivered to the customer, including the cost of freight transportation.
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The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of the tax burden.</u>
<u>Explanation</u>:
Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.
When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.
The incidence of tax can be observed in two ways:
i) Formal incidence
ii) Effective incidence