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soldi70 [24.7K]
3 years ago
13

Rayco Ski Shop purchased 500 pairs of skis from Skitron. Rayco is located in Colorado. Skitron's business is in Tennessee. The p

urchase order included the following term: "F.O.B. Colorado." The contract makes no mention of risk of loss or title. The contract can be described as a:
Business
1 answer:
Oduvanchick [21]3 years ago
4 0

Answer: Destination contract

Explanation: The contract is described as a destination contract. A destination contract is one in which the risk of loss is on the seller until completion of his delivery obligations under the destination contract. Should the goods be destroyed or damaged while in transit, the seller bears the risk of loss. However, the seller is no longer liable after the goods have been safely delivered at the buyer's destination. Common ways to spot a destination contract include: a) FOB (Free on Board): when delivery term in the contract states "F.O.B Colorado". b) Ex Ship c) No arrival, no sale...

The transactions in a destination contract is governed by the Uniform Commercial Code (UCC).

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James Smith has worked for Perfect Transmission Installers for eight years. His annual base salary is $52,000. For overtime hour
lesya692 [45]

Answer:

=$5,533.33

Explanation:

James took four weeks of paid leave. It means earned his salary but missed out on overtime earnings.

His hourly pay is $25; overtime pay will be $50 per hour

Monthly qualifying income is similar to average monthly income. The term is used mostly in credit assessments.

regular monthly income for James equal to yearly pay divide by 12 months

=$52,000/12

=4,333.333

Overpay income

6 hours per week x 4 weeks per month x $50 per hour

=6 x 4 x $50

=24 x $50

=$1200

Monthly qualifying income = 4,333.33 + 1200.00

=$5,533.33

3 0
3 years ago
The _____ lists the beginning and ending balances of key equity accounts and describes the changes that occur during the period.
andrey2020 [161]

It should be noted that statement of retained earnings gives lists of the beginning and ending balances of key equity accounts.

<h3>What is statement of retained earnings?</h3>

The statement of retained earnings  can be regarded as a financial statements which provides details changes in the volume of retained earnings over some period.

statement of retained earnings describes the changes that occur during the period.

Learn more about statement of retained earnings at:

brainly.com/question/9261004

3 0
3 years ago
In a Lindahl equilibrium: Group of answer choices no one could be made better off by reducing his or her tax burden, all things
Paraphin [41]

Answer:

everyone is willing to pay the taxes to receive the benefits.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

A Lindahl equilibrium can be defined as an economic state in which there is a production of an optimal quantity of public goods and the cost of these goods is shared in a fair manner among everybody. It was developed by Erik Lindahl.

In a Lindahl equilibrium everyone is willing to pay the taxes to receive the benefits.

6 0
3 years ago
What is a company's market share?
chubhunter [2.5K]
D: because it can't be C, B, A or because they have their own definition
5 0
3 years ago
During an OSHA inspection :
julsineya [31]

Answer:

C) you have the right to talk to the inspector privately

Explanation:

The idea with this rule is that employees will feel more free to raise potential safety concerns if they can do it in private.

4 0
3 years ago
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