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 invoices were paid within the discount period. Merchandise $36,000 Freight Paid by Seller $800 Freight Terms FOB destination, 1/10, n/30 Returns and Allowances $4,000
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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 invoices were paid within the discount period.
Merchandise $36,000
Freight Paid by Seller $800
Freight Terms FOB destination, 1/10, n/30
Returns and Allowances $4,000
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- 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 invoices were paid within the discount period. a. b. a. b. Merchandise $120,800 147,700 00 Freight Paid by Seller $1,300 2,100 Freight Terms FOB shipping point, 1/10, n/30 FOB destination, 2/10, n/30reight 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 invoices were paid within the discount period. Merchandise FreightPaid by Seller Freight Terms Returns andAllowances a. $90,000 $1,000 FOB shipping point, 1/10, n/30 $15,000 b. 110,000 1,575 FOB destination, 2/10, n/30 8,500Freight 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 invoices were paid within the discount period. Merchandise(Invoice Amount) FreightPaid by Seller Freight Terms Returns andAllowances(InvoiceAmount) a. $24,000 300 FOB destination, 1/10, n/30 2000 b. 31,500 250 FOB shipping point 2/10, n/30 2500 a. $ b. $
- 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 a as received prior to payment and that all involces were paid within the discount period. If required, round the answers to the nearest dollar. Freight Returns and Merchandise Freight Terms Paid by Seller Allowances $6,700 $700 FOB shipping point, 1/10, n/30 $1,700 4,050 100 FOB destination, 2/10, n/30 750Freight 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 invoices were paid within the discount period. Merchandise(Invoice Amount) FreightPaid by Seller Freight Terms Returns andAllowances(InvoiceAmount) a. $24,000 $300 FOB destination, 1/10, n/30 $2,000 b. 31,500 250 FOB shipping point, 2/10, n/30 2,500Freight 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 invoices were paid within the discount period. Merchandise(Invoice Amount) FreightPaid by Seller Freight Terms Returns andAllowances(InvoiceAmount) a. $24,000 $300 FOB destination, 1/10, n/30 $2,000 b. 31,500 250 FOB shipping point, 2/10, n/30 2,500 a. $ b. $ Feedback a & b. Under FOB shipping 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.
- Freight terms Determine the amount to be paid in full settlement of each of the two invoices (a) and (b), assuming that the credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. A. Merchandise - $8,300.00 Freight Paid by Seller - $600.00 Freight Terms - FOB shipping point, 2/10, n/30 Returns and Allowance - $1,150.00 B. Merchandise - $4,400.00 Freight Paid by Seller - $600.00 Freight Terms - FOB destination, 1/10, n/30 Returns and Allowances - $900.00Freight 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 invoices were paid within the discount period. Merchandise FreightPaid by Seller Freight Terms Returns andAllowances a. $90,000 $1,000 FOB shipping point, 1/10, n/30 $15,000 b. 110,000 1,575 FOB destination, 2/10, n/30 8,500Freight 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 invoices were paid within the discount period. Returns and Allowances Merchandise Freight (Invoice a. $24,000 b. 31,500 (Invoice Amount) Paid by Seller $300 Freight Terms Amount) FOB destination, 1/10, n/30 $2,000 250 FOB shipping point, 2/10, n/30 2,500 a. b.
- 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 invoices were paid within the discount period. Merchandise FreightPaid by Seller Freight Terms Credit forRefunds andAllowances a. $120,800 $1,300 FOB shipping point, 1/10, n/30 $20,100 b. 147,700 2,100 FOB destination, 2/10, n/30 11,400Freight 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 invoices were paid within the discount period. If required, round the answers to the nearest dollar. Credit for Freight Refunds and Merchandise Paid by Seller Freight Terms Allowances $6,300 $600 FOB shipping point, 2/10, n/30 $1,550 a. b. 2,900 600 FOB destination, 1/10, n/30 1,200 a. $ b. $ 5:58 P 10/20/2Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. a. b. Merchandise $10,700 $13,300 a. $ b. $ Freight Paid by Seller Freight Terms $376 FOB Shipping Point, 1/10, net 30 $58 FOB Destination, 2/10, net 45 Returns and Allowances $1,100 $2,900