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Ierofanga [76]
4 years ago
9

Q 6.6: niles industries is a merchandising company. it currently holds $6,000 in consignment goods for martin corporation. in ad

dition, it has $4,000 in fob shipping point goods in transit to delta enterprises and $5,000 in fob destination goods in transit to troy manufacturing. finally, niles has $7,000 in fob destination goods in transit from gregg supply. for which group of goods does niles hold the title?
Business
1 answer:
Dahasolnce [82]4 years ago
3 0
<span>Niles holds the title for fob destination goods which includes the $5,000 in transit to troy manufacturing. Martin corporation holds the title for the $6,000 in consignment goods. Delta enterprises holds the title for the $4,000 in goods because title transitioned when the goods were shipped. Niles has does not have title to the $7,000 in goods from Gregg Supply because title does not transition until the goods are received by Niles.</span>
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