C. Title Fee
The company will perform a title search to ensure that there is a clear path of ownership so there can be a legal sale contract.
The bill of lading is the type of receipt that provides information showing that 2,000 air filtration units had been delivered to its warehouse.
<h3>What is a bill of lading?</h3>
A carrier will issue a bill of lading to confirm receiving cargo for shipment. A bill of lading can be used for any sort of good transportation today, despite the fact that originally the phrase was exclusively used to refer to shipping. A contract, a receipt attesting to the carrier's receipt of the goods, and a document of title are all purposes served by the bill of loading.
Consequently, it is a document that goes with freight that outlines the agreement between the shipper and the carrier and sets down the rules that apply to their interaction when products are transported. It provides information about the shipment's cargo and transfers ownership of the shipment to the designated recipient party.
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Rationalization, a strategic initiative as well as methods to first decrease static or restricted-use providers begins to enable sustainable supply baseline optimization, which is termed as Supply base optimization.
<u>Some advantages of an Optimized supply base are provided below</u>:
- Cost efficiency.
- Enhance output.
- Better Collaboration.
- Identify problem areas with ease.
- Prevention of delays.
<u>Some advantages of an Optimized supply base are provided below</u>:
- Lack of Reliability.
- Complicated.
- Co-ordination vacuum between organizations.
- Trained and personalized personnel are required.
- Cost of execution.
<u>A buyer can overcome the disadvantages by the following point</u>:
- Your Emergency Strategy is referred to.
- Creating open communication channels.
- Ensure the level of customer satisfaction.
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Given:
Controllable margin = 60,000
sales = 400,000
return on investments = 10%
Return on investments = net profit / average operating assets
10% = 60,000 / ave. operating assets.
Average operating assets = 60,000 / 10%
Average operating assets = 600,000
Griffin's average operating assets will be 600,000 when its return on investment is 10%.