If a sales contract requires the seller to ship the goods by carrier and specifies the destination, the risk of loss passes to the buyer when the:
a. goods are properly delivered to the carrier.
b. carrier tenders the goods to the buyer at the specified destination.
c. contract is finalized.
d. seller pays for the goods.
b
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A customer returned damaged goods for credit. Which of the seller's accounts decreases?
a. Sales Returns b. Purchase Returns c. Accounts Receivable d. Sales Revenue
Retailers are a key component in a supply chain that links manufacturers to consumers.
Answer the following statement true (T) or false (F)
Managers develop quantity standards when they decide what amount of input should be used per unit of output
Indicate whether the statement is true or false
__________ gains are profits that individuals make when they sell an investment for more than they paid for it.
Fill in the blank(s) with the appropriate word(s).