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Brut [27]
3 years ago
7

What are some strategies that you can use when agreeing to a contract to protect yourself?

Business
1 answer:
suter [353]3 years ago
8 0
You can go over with a lawyer and see what you can do to help you
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The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freigh
Bas_tet [7]

Answer:

c,d and e

Explanation:

The correct statements given in the options are as stated below:

(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.

<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.</em>

(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.

<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods</em>

(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.

<em>This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery</em>

7 0
3 years ago
On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of
Lisa [10]

Explanation:

The journal entries are as follows

a.

Merchandise Inventory A/c $254,500

              To Accounts payable A/c $254,500

(Being merchandise purchased on credit)

b.

Account payable Dr $30,000

         To Merchandise inventory $30,000

(Being the merchandise returned is recorded)

c.

Account payable Dr $224,500       ($254,500 - $30,000)

        To Cash $224,500

(Being the payment of the invoice is recorded)

7 0
3 years ago
The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early
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Answer:

the cpi has understated the cost of living because of quality improvement bias

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3 years ago
Once the root causes of performance gaps have been discovered, it is necessary to: ____________
AleksandrR [38]

Answer:

A

Explanation:

8 0
2 years ago
George is an entrepreneur who owns a large office that has a few meeting rooms. Almost every day, he sees that there are conflic
Klio2033 [76]
D. He is trying to improve the employees speaking skills so there is less conflict
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2 years ago
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