Fine Furniture, Inc. is a furniture manufacturer located in Norfolk, Virginia. Fine enters into a contract with Jaguar Interiors, L. L. C. in Jacksonville, Florida, agreeing to sell Jaguar Interiors 1,000 dining room chairs at a total contract price of $100,000. The contract’s shipping term designates "F. O. B. Destination," and stipulates that Darnell, Uecker, and Irvin ("D. U.I.") Shipping, International will transport the furniture from Norfolk to Jacksonville. D. U. I. Shipping has retained the services of a ship steward, Joe Birchtree, to captain the ship en route to Jacksonville. Birchtree has history of alcohol abuse, but his professional record is clear of any mishaps. On a clear day, with calm waters, blue skies and the absence of wind, Birchtree runs his ship aground, and all cargo is ruined as a result of water damage. Evidence indicates that Birchtree was intoxicated at the time of the accident. As between Fine Furniture and Jaguar Interiors, who held title to the chairs when the ship ran aground? As between Fine Furniture and Jaguar Interiors, who bears the loss of the chairs? Ultimately, does D. U. I. Shipping bear legal responsibility for the chairs?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting