what's the question???????
Answer:
b. the seller has legal title to the goods until they are delivered.
Explanation:
When the goods are in the transit and are shipped FOB destination, the title of the goods would be with the seller. If the goods are delivered, then the legal title would be transferred from the seller to the buyer. Until the goods are in transit, the legal title is with the seller itself.
Both the parties are eligible for the legal title. It can be either a buyer or seller depending upon the situations
Hence, the correct option is b and the rest options are wrong
Answer:
$4,000
Explanation:
The difference between the face value of note and the issuance value of the note is discount. This discount is recorded and amortized over the note life to maturity. As the note is for 6 months and There are also six months from June 30, to December 31. So, all the Discount of $4,000 ($50,000-$46,000) will be recognized as Interest Income. This discount can be amortized and recognized as Interest Income on monthly basis or collectively at the year end.
Answer:
$610,000
Explanation:
According to the midpoint value, we have to find out the mid value of two amount.
As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997
So, by using the mid point formula approach, the sales for 1997 is
= (1996 sales + 1998 sales) ÷ (Number of years)
= ($500,000 + $720,000) ÷ (2 years)
= ($1,220,000) ÷ (2 years)
= $610,000
Therefore, the estimated sales value of the company for year 1997 is $610,000
