Author Question: If the terms of purchase are FOB shipping point, title to the goods passes from the vendor to the ... (Read 117 times)

jilianpiloj · **on:** Jul 5, 2018

If the terms of purchase are FOB shipping point, title to the goods passes from the vendor to the buyer ________.

A) when the merchandise leaves the vendor's warehouse
B) halfway between the vendor's warehouse and the buyer's warehouse
C) when the merchandise reaches the buyer's warehouse
D) when the merchandise is sold to the end user

Question 2

Bradford Company had 700,000 in sales for the year. The total assets at the beginning of the year were 240,000 and total assets at the end of the year were 280,000 . The ratio of sales to total assets is (round answer to 2 decimal places)
a. 2.69
b. 0.40
c. 2.92
d. 0.34