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2 years ago

If goods in transit are shipped FOB destination

Business

1 answer:

AleksandrR [38]2 years ago

5 0

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

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An employee has year-to-date earnings of . The employee's gross pay for the next pay period is . If the FICAOASDI is % and th

taurus [48]

Answer:

$192

Explanation:

Calculation for how much FICA-OASDI tax will be withheld from the employee's pay?

FICA-OASDI tax=($117,000-$113,900)*6.2%

FICA-OASDI tax=$3,100*6.2%

FICA-OASDI tax=$192

Therefore how much FICA-OASDI tax will be withheld from the employee's pay is $192

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2 years ago

Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below:

Oksana_A [137]

Answer and Explanation:

a. The computation of the net operating income earned is shown below:

Sales $800,000

Less: Variable cost -$381,000

Contribution margin $419,000

Less: Fixed manufacturing expenses - $263,000

Less : Fixed selling and administrative expenses - $211,000

Net operating income or (Loss) -$55,000

b. The computation of the financial advantage (disadvantage) of dropping product D14E is shown below:

Sales $800,000

Less: Variable cost -$381,000

Contribution margin $419,000

Less: Fixed manufacturing expenses - $202,500

Less : Fixed selling and administrative expenses - $117,500

Financial disadvantage -$99,000

Since there is a financial disadvantage so the product should not be dropped

We simply applied the above equation

7 0

3 years ago

Initially, workers in the shoe industry and the computer industry earn the same wage. Reductions in trade barriers give domestic

kramer

Answer:

The correct answer is option C.

Explanation:

It is assumed that initially the workers in both shoe as well as computer industry are earning the same wage rate. Now, with the reduction in trade barriers there is an increase in the import demand for shoes.

This further causes domestic prices of shoes to fall. We know that supply and price are directly related, so the domestic supply of shoes will decline as well. As firms produce less shoes, they will need less workers. This causes demand for labor to decline.

At the same time demand for computers by foreign consumers increases contributing to an increase in its price. This will cause an increase in the supply of computers. The firms will need more workers to produce more. As a result demand for labor in computer industry will increase.

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3 years ago

Examining a company's relationships with other individuals and entities can reveal important information about financial stateme

Andrei [34K]

Answer:

Examining relationships with related parties will show whether there are unusual transactions that significantly improve the company's reported financial performance

Explanation:

Examining related parties, will help to find out if due processes and set standards were followed and applied in company transactions, as the <em>'significantly improved reported financial performance'</em>, may not reveal the true financial performance of the company.

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2 years ago

The local printing company purchases a new copy machine that reduces the cost of making a color copy by ten cents a copy. It nor

padilas [110]

Answer:

D. $1400

Explanation:

Given that

Tax rate = 28%

New purchase reduces cost by 10 cents

Copier makes $50000

Thus,

Annual taxes on purchase = (50000/10) × 28%

= 5000 × 28%

= 5000 × 0.28

= $1400

Therefore, Annual taxes on purchase is $1400.

8 0

3 years ago