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
A tax on suppliers will cause the equilibrium price paid by the consumer to increase and the equilibrium quantity to decrease. The tax would basically make the supplier decide to increase the price of their product. In effect, the consumer would have to pay a higher <span>price because of this incident. Since the price to be paid by the consumer would increase, the equilibrium quantity would eventually increase because the amount to be paid by the consumer is already fixed. When the price per unit would increase, the number of units that can be bought with the specified amount of money will eventually decrease.</span>
The correct answer to this question is letter "c. federal employment act of 1940." Minimum wages, hours of employment, and child labor are regulated by the <span>federal employment act of 1940. This act should be implemented well so that to give fair to the employees.</span>
Answer:
$508,000
Explanation:
Outstanding Receivables as on Dec 31 = $6,500,000
Required uncollectible receivables = 8% of $6,500,000 = $520,000
Less Opening allowance for doubtful debts <u>$12,000
</u>
Allowance to be recognized this year <u>$508,000 </u>
Yes. He don’t have to pay and the bartender could get arrested for failing to renew the licence