If the seller is responsible for paying freight charges, then ownership of inventory passes when goods arrive at their destination.

Answer the following statement true (T) or false (F)


True

Business

You might also like to view...

At which of the following stages in the product/service life cycle is distribution most intense?

A) growth stage B) decline stage C) maturity stage D) introduction stage

Business

Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $500 million. Its balance sheet shows $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, $140 million in retained earnings, and $280 million in total common equity. If the company has 25 million shares of stock outstanding, what is the best estimate of its stock price per share?

A. $11.20 B. $9.74 C. $9.18 D. $11.54 E. $11.98

Business

Laura intends to file a Title VII lawsuit against her employer. Which of the following is true?

A)Laura is required to first submit her claim to the Equal Employment Opportunity Commission. B)Laura must first submit her claim to a state civil rights commission before she may proceed with her lawsuit. C)If the EEOC determines Laura has no case against her employer, she may not file a lawsuit. D)Laura may initiate a lawsuit or file with the EEOC as she so elects.

Business

Some critics state that advertising hampers consumer choice. Which of the following statements could weaken their argument?

A. Advertising creates needs in society by changing people's values. B. Consumers become brand loyal and less sensitive to pricing due to advertising. C. Advertising results in differentiation that allows larger brands to dominate the market. D. Advertising is not susceptible to the effect of economies of scale. E. The opportunity to advertise gives companies the incentive to develop new brands.

Business