Roasters Corporation and Outdoor Barbecues, Inc, enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
A) Roasters delivers the goods to Speedy
B) Roasters and Outdoor enter into their contract.
C) Speedy transports the goods to Outdoor.
D) Outdoor begins to use the grill.
A
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Sharon, a salesperson for a greeting card company, is responsible for sales in the northern part of California. Sharon's manager has decided to change Sharon's key account in the territory to a house account. Why would Sharon most likely dislike this decision?
A. Sharon will have to share commissions from the key account with the home office. B. Sharon will lose the commission for the key account. C. Sharon will be demoted from her position in the territory for losing the key account. D. Sharon will have to work from the firm's home office. E. Sharon will have to monitor the key account for less pay than she usually earns.
Ruggers is a maker of a range of highly popular cruise motorcycles. Tim buys a Ruggers motorcycle from a dealership and suffers an accident. While recuperating from his injuries, he learns that Ruggers has recalled all motorcycles it had manufactured and sold in the previous two years, owing to a previously unknown defect in their braking systems. Tim brings a product liability lawsuit against the motorcycle manufacturer and claims $50,000 in damages. The defect in the motorcycle is found to be half responsible for the accident, while Tim's own negligence of traffic rules contributed to the rest. Under the doctrine of contributory negligence, what would be the ruling of the court hearing this case?
A. Tim cannot recover any damages from the motorcycle manufacturer. B. Tim can recover $25,000 worth of damages from the Ruggers and the rest from the dealership from which he purchased the motorcycle. C. Tim can recover $50,000 worth of damages plus any punitive damages that may be awarded by the jury. D. Tim can recover $50,000 worth of damages from the motorcycle manufacturer.
A physical count of supplies on hand at the end of May for Masters, Inc. indicated $1242 of supplies on hand. The general ledger balance before any adjustment is $2020. What is the adjusting entry for office supplies that should be recorded on May 31?
A. Debit Supplies $1242 and credit Cash $1242. B. Debit Supplies Expense $2020 and credit Supplies $2020. C. Debit Prepaid Supplies $778 and credit Supplies Expense $778. D. Debit Supplies Expense $778 and credit Supplies $778. E. Debit Supplies Expense $1242 and credit Supplies $1242.
Mike Jones-Smith, a division manager for Rubon Corporation, told his subordinate, "Sheila, because this is your first year of budget planning for your department, I need you to ________, defining a best-case, a worst-case, and a plausible-case business, or middle-ground business, outlook. The plausible-case business outlook will be what you will use for budget planning."
A. give me some benchmarks B. produce different scenarios C. develop competitive intelligence D. do some buffering E. create an environmental scan