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mestny [16]
4 years ago
15

Niles Industries is a merchandising company. It currently holds $6,000 in consignment goods for Martin Corporation. In addition,

it has $4,000 in FOB shipping point goods in transit to Delta Enterprises and $5,000 in FOB destination goods in transit to Troy Manufacturing. Finally, Niles has $7,000 in FOB destination goods in transit from Gregg Supply. For which group of goods does Niles hold the title? A : the $7,000 in goods in transit from Gregg Supply B : the $6,000 in goods for Martin Corporation C : the $5,000 in goods in transit to Troy Manufacturing D : the $4,000 in goods in transit to Delta Enterprises
Business
1 answer:
siniylev [52]4 years ago
5 0

Answer:

C : the $5,000 in goods in transit to Troy Manufacturing

Explanation:

The consignment goods for Martin Corporation belong to them.

The goods in-transit to Delta have already pass ownership at shipping point (at the moment the goods enter the port).

The goods from Gregg Supply do not transfer the ownership yet, as the commercial terms are FOB destination.

Same occurs with our goods in transit to Troy, they are still ours as the trasnfer of wnership is FOB destination

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Consider the production department of a manufacturer of laptop computers. Classify the cost of the factory maintenance manager's
sashaice [31]

Answer:

d. fixed.

Explanation:

The Maintenance Managers`s work can not be directly traced during the production process and this does not meet the definition of a direct cost.

However the Maintainace Managers`s work is key in every production thus, it is an indirect manufacturing cost that in most cases is fixed.

Fixed in the sense that the salary (cost) does not vary with the level of production.

5 0
3 years ago
I have a few questions about finance. PLease answer correctly and completely! thx
Yuki888 [10]

Answer 1:

B is the answer.

Computers where there are many competitors with slightly differentiated products.

Explanation:

A market is characterized as a Perfect Competition where there are many buyers, many sellers and the products are either homogenous or slightly differentiated. There is also perfect knowledge about all the products and the nonexistence of monopoly. That is, no player in the market has leverage over which they can manipulate prices in their favor.

Answer 2:

A is the correct answer.

Operational Risk.

Explanation:

When there is the possibility for a loss arising from a dysfunctional internal process(es), inefficient employee(s), or even from external events, with a link to the internal dynamics of a company, the business is said to be exposed to Operational Risks.

Answer 3:

When there is an increase in interest rate, the following takes place:

  1. Businesses shy way from borrowing from the bank
  2. (due to the loss of leverage or increased cost of borrowing when they do) Production Cost increases
  3. When production costs increase prices of finished goods increases
  4. the above leads to a decrease in demand for finished goods
  5. and ultimately Consumer spending goes down

Cheers

6 0
3 years ago
Which of these is a sign that you're dealing with someone engaged in unfair lending
MAXImum [283]

Answer:

O All of the above

Explanation:

Honest and legitimate lenders require a borrower to be their client for a set period before they can advance credit to them. By the time the customer requests a loan, the lender will have some financial data to help them decide on the credit request.

Differentiating between a genuine and unfair lender is not that difficult. Unfair lenders are not interested in the borrower's ability to repay. They push a customer to sigh-up fast and for a high loan amount. The unfair lender aims at profiting from the collateral they receive as a guarantee for the loan. Genuine lenders are concerned about the risk involved in lending to a customer. They need some assurance that the client can repay.

7 0
3 years ago
When using the ice-point method to calibrate a thermometer, you should:
allochka39001 [22]
Your thermometer should be reading 32 degrees Fahrenheit after 30 seconds. If it’s not, it needs to be recalibrated. The ice point method is the most accurate way to calibrate a thermometer. I hope that helps.
3 0
3 years ago
Jack just learned that several people in Arizona became ill from the peanut butter that was produced and jarred in his plant. As
nikklg [1K]

Answer:

The correct answer is letter "B": False.

Explanation:

In front of the case that people are becoming ill after consuming peanut butter produced and jarred in Jack's plant, he should take steps to reach the affected population to find out what he can do to help them. There must be proof that Jack's peanut butter is affecting them people for him to begin providing <em>restitution</em>. Otherwise, the affected population can gather to jointly sue Jack which is potentially dangerous for his business. Besides, he should make a research to verify if the peanut butter that is still being offered can harm others so he can withdraw them from the market.

Going into an informal organization would only worsen Jack's situation.

4 0
3 years ago
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