Which one of the following statements is true?
A) FOB destination means the buyer has legal title to the goods while they are in transit.
B) FOB shipping point means the seller has legal title to the goods while they are in transit.
C) FOB destination means the seller has legal title to the goods until they reach the buyer's place of business.
D) FOB shipping point means the buyer acquires legal title to the goods when they reach the buyer's place of business.
C
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On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initialcost of $310,000 and has accumulated depreciation of $260,000 . Depreciation has been recorded up to the end ofthe year. Which of the following will be included in the entry to record the disposal?
a. Gain on Disposal of Asset Cr., $50,000 b. Loss on Disposal of Asset Dr., $260,000 c. Accumulated Depreciation Dr., $310,000 d. Equipment Cr., $310,000
Summarize Pfeffer and Sutton's seven implementation principles to help companies that are committed to profit from evidence-based management. Placing yourself in the position of the CEO of Safe Home, a home-security company, give an example of how you might apply three of the implementation principles to your business.
What will be an ideal response?
Jake, who runs a health food store, finds it is rewarding to interact with customers who like to eat organic and health food. Hence, he is recognized in the local community. Which objective of retailing does Jake emphasize by this practice?
A. Financial objective B. Societal objective C. Personal objective D. Environmental objective E. Administrational objective
Fiona works for Open Heart Hospital and lives 10 miles away from her place of work. The hospital has provided her with a car to commute and also pays for its upkeep
If she accidentally injures a person while driving to work in the morning, which of the following would be true? A) Open Heart Hospital is completely liable for the injury caused. B) The injured person can sue Open Heart Hospital but can only recover reimbursement for his or her medical expenses due to the injury. C) Both Fiona and Open Heart Hospital are liable to the injured person. D) Only Fiona is liable for her negligence.