1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lorasvet [3.4K]
2 years ago
15

When the terms of sale are FOB destination, ownership of the goods remains with the seller until the goods a. reach the buyer. b

. are paid for by the buyer. c. are accepted by the public carrier. d. are shipped.
Business
1 answer:
svet-max [94.6K]2 years ago
3 0

Answer:

a. reach the buyer

Explanation:

FOB (Freight on board) destination means the legal title or ownership title of a product is held by the seller until the goods gets to the buyer. Under the terms of sale of FOB destination the seller regards such goods in transit as inventory. The sellers bears the cost of such goods in transit.  In other words, until goods get to the buyer's location the seller has not made sales. Once the goods gets to the location of the buyer it represent sales to the seller and therefore an increase in account receivables in the seller's books of account.

Thus, when the terms of sale are FOB destination, ownership of the goods remains with the seller until the goods reaches the buyer's location.

You might be interested in
Short-term fluctuations experienced in the economy due to changes in levels of economic activity describe the?
TiliK225 [7]

The business cycle graph demonstrates the short-term variations in the economy.

When real output declines for at least two quarters in a row, the economy is in a recession (real GDP). Depression is a long-lasting, severe recession.

Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, as well as the overall demand and supply of the country's goods and services, all contribute to these shifts. The variations of the economy between times of expansion (growth) and contraction are referred to as the "economic cycle" (recession). The present stage of the economic cycle can be determined using variables like gross domestic product (GDP), interest rates, total employment, and consumer expenditure.

Learn more about business cycle hear:

brainly.com/question/14560717

#SPJ4

7 0
11 months ago
Roberts Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $
taurus [48]

Answer:

The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

Explanation:

Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance

Allowance for Uncollectible Accounts = $1,000 + $1,100

Allowance for Uncollectible Accounts = $2,100

So, The balance of Allowance for Uncollectible​ Accounts, after​ adjustment, will be $2,100.

3 0
3 years ago
An important part of obtaining venture capital funding is going through ________ , which refers to the process of investigating
geniusboy [140]

Answer:

Due-diligence

Explanation:

Due diligence is the process of inspection by the venture capitalist to determine whether to invest in any company or not. In due diligence they gauge the potential of success of company and potential profitability. Due diligence process involves asking question to obtain important information to verification of  feasibility of business opportunity. The question is primarily involved around date from financial reports, legal aspects, any intellectual property possess, the assets and liability of company.

Since given in question key claims of business plan is being verified, therefore due diligence process is being followed in venture capital funding

5 0
3 years ago
The Old World Café’s cash register receipts showed total sales of $884. The cash equaled $534, and the credit card slips equaled
Crazy boy [7]

Answer:the answer is $307

Explanation: some one didn't pay

8 0
3 years ago
In economics, the forces of___________________and__________________ determine the ____________________ in the market. Group of a
ASHA 777 [7]

Answer:

Supply and demand and price

Explanation:

In economics, the forces of supply and demand determine the price in the market.

5 0
2 years ago
Read 2 more answers
Other questions:
  • AABC Uniforms currently buys uniforms and customizes them for specific teams. The uniform manufacturer is hard to deal with and
    13·1 answer
  • Sandy is tired of her boss as well as corporate America in general. She decides she would like to start a business where no one
    7·1 answer
  • I just need help with number 4!
    6·1 answer
  • 1.People who make the best mystery shoppers have usually prepared themselves by: Reading Passing Certification Courses Researchi
    8·1 answer
  • In 2017, Amirante Corporation had pretax financial income of $168,000 and taxable income of $120,000. The difference is due to t
    5·1 answer
  • The HR department at Devlin Enterprises has a variety of communication tasks it has been assigned to handle. First, Isabelle, th
    8·1 answer
  • Ted has 600 dollar a week to spend on clothing and food the price of clothing is 30 dollar and price of food 5 dollar .What is t
    12·1 answer
  • Written evidence of the ownership of a piece of property
    11·1 answer
  • Dmitri loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during i
    8·1 answer
  • How does a company figure out which benefits customers want and need?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!