pl eBook Show Me How 2 Freight Terms Determine the amount to be paid in...
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pl eBook Show Me How 2 Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all involces were paid within the discount period. If required, round the answers to the nearest dollar Returns and Allowances (Invoice Amount) Freight Paid by Seller Merchandise (Invoice Amount) $6,750 3,400 Freight Terms FOB destination, 2/10, 1/30 $1,400 $400 800 b. 700 FOB shipping point, 1/10, 1/30 5,643 x b. 2,574 X Feedbac Check My Wor a&b Under FOB shoping point, freight is paid by the buyer, while under FOB destination freight is the seller's expense. To determine the amount, first deduct the return before calculating the discount. Then calculate (Purchase - Return - Discount) + applicable freight
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