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Anvisha [2.4K]
4 years ago
11

Thomas signed a sales contract with Bricklay's, a firm that supplies bricks for private individuals. The contract specified the

type and amount of bricks needed, and that Thomas would pick up the bricks from the Bricklay's warehouse 15 days later. Thomas received a document of title, but failed to pick up the goods on the stipulated date. In this scenario, at what point of time is the title to goods passed over to Thomas?
Business
1 answer:
Strike441 [17]4 years ago
5 0

Answer:

when Thomas received the document of title.

Explanation:

When a contract is formed there has to be an offer and agreement. Bricklay's made an offer by drawing up the title documents and sending them to Thomas.

When Thomas recieves the title deeds he has accepted the offer made by Bricklay's.

So the goods have officially been passed to Thomas even if he had not picked it up

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If Huy Fong were to introduce a new milder version of its renowned Sriracha hot chili sauce to satisfy customers who think the c
Bess [88]

Answer:

a. product differentiation

Explanation:

Product differentiation is the process whereby a product or service is distinguished from others. This is to make it more attractive to a particular segment of the market which is quite different from the general market.

For Huy Fong trying to introducing a new milder version of its renowned Sriracha hot chili, it would represent product differentiation.

8 0
3 years ago
Click this link to view O*NET’s Skills section for General and Operations Managers. Note that common skills are listed toward th
IgorLugansk [536]

Answer:

A,B,C,E

Explanation:

8 0
3 years ago
Read 2 more answers
Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as neede
bezimeni [28]

Answer:

1. 20%

2. 25.20%

3. 24.00%

Explanation:

1. The computation of return on investment is shown below:-

Return on investment = Operating income ÷ Average operating assets

= $70,000 ÷ $350,000

= 20%

2. The computation of return on investment (ROI) is shown below:-

Return on investment = Operating income ÷ Average operating assets

= ($70,000 + $18,200) ÷ $350,000

= $88,200 ÷ $350,000

= 25.20%

3. The computation of return on investment (ROI) is shown below:-

Return on investment = Operating income ÷ Average operating assets

= ($70,000 + $14,000) ÷ $350,000

= $84,000 ÷ $350,000

= 24.00%

So, we have applied the above formula.

7 0
4 years ago
Costs that vary in total in direct proportion to changes in an activity level are called: Group of answer choices fixed costs su
mina [271]

Answer:

variable costs

Explanation:

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

7 0
3 years ago
On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase a stone pit estimated to hold 50,000 tons
Varvara68 [4.7K]

Answer:

Cost of Mining Stone pit = $10,500,000

Salvage value at the end of third year = $500,000

Total expected mining during the life = 50,000 tonnes

Depletion per tonne = (cost - salvage) ÷ total expected mining

                                 = (10,500,000 - 500,000) ÷ 50,000

                                 = $200 per tonne

Stone extracted during the year = 10,000 tonnes

Depletion expense of Year 1 = 10,000 tonnes @ 200 per tonne

                                                = $2,000,000

JOURNAL ENTRY:

Depletion expense A/c  Dr.                        $2,000,000

To  Accumulated Depletion- Mining rights                    $ 2,000,000

(To record depletion expense for Year 1)

6 0
3 years ago
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