An Operation Experiences Cashier Shortages That Average $50

question 18

Multiple Choice

An operation experiences cashier shortages that average $50.00 per day. If the operation is open 360 days per year, what will be this operation's annual revenue loss due to cashier shortages?

• A) $180
• B) $1,800
• C) $18,000
• D) $180,000

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Definitions:

Risk Of Loss

The possibility that an asset or investment will decrease in value or become completely worthless.

Destination Contract

A contract specifying that the seller will bear the risk and cost until the goods reach a specific destination.

Nonconforming Goods

Products shipped to a buyer that do not meet the specifications or requirements as stated in the contract.

Breach Of Contract

Occurs when one party fails to fulfill any of its agreed-upon terms or conditions in a contract.