Al Ring, Martha Wright, and Jim Brewer Wrote a Text

question 81

Short Answer

Al Ring, Martha Wright, and Jim Brewer wrote a text called Principles of Math. The royalties on the book are to be split equally. Total royalties earned for the year are $9,936. How much is author each entitled to?

---

Definitions:

Shipped

Refers to goods that have been transported from one location to another, usually through the use of a carrier or logistical service.

Specific Goods

Goods that are identified and agreed upon at the time a contract of sale is made.

F.O.B. New York

A shipping term indicating that the seller must deliver goods on board a vessel at the port of New York, with the buyer being responsible for freight and insurance.

Risk of Loss

The exposure to potential financial loss in a transaction, often determining who bears the responsibility if goods are damaged or lost.