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GaryK [48]
3 years ago
6

Merchandise sold FOB destination indicates that: Multiple Choice The seller transfers title to the buyer once the merchandise is

shipped. The merchandise has not yet been shipped. The seller holds title until the merchandise is received at the buyer's location. The merchandise will not be shipped until payment has been received.
Business
1 answer:
bekas [8.4K]3 years ago
3 0

Answer:

The seller transfers title to the buyer once the merchandise is shipped

Explanation:

Free onboard shipping point refers to a practice where the buyer of a product takes responsibility of the good once it is shipped by the seller.

So when the supplier ships a product he can record a sale because the ownership of the good has been shifted to the seller abd he will be paid for services rendered.

The buyer will record an increase in his inventory at this point and make provision for risk of shipping along with shipping cost.

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Usually, in the business world, the reason for failure is due to the company running out of money this can be a culmination of all the reasons listed above or for other reasons, but a company is not really considered a failure until it runs out of money.

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