if merchandise is sold on account to a customer for 1,000 terms fob shipping point 1/10, n/30, and the seller prepays $50 in freight, the amount of the discount for early payment would be?
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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. If required, round the answers to the nearest dollar. Merchandise Freight Paid by Seller Freight Terms Returns and Allowances a. $6,800 $200 FOB destination, 1/10, n/30 $1,800 b. 3,750 200 FOB shipping point, 2/10, n/30 1,000
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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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