Freight Terms Determine the amount to be paid in full settlement of each of two invoices,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 Credit for Refunds and Allowances a. $5,050 $600 FOB shipping point, 2/10, n/30 $1,250 b. 3,700 400 FOB destination, 1/10, n/30 900 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. If required, round the answers to the nearest dollar. Merchandise Freight Paid by Seller Freight Terms Credit for Refunds and Allowances a. $5,050 $600 FOB shipping point, 2/10, n/30 $1,250 b. 3,700 400 FOB destination, 1/10, n/30 900 a. $ b. $
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The date of death for a widow was 2 0 2 1 . If the estate was valued at $ 2 , 1 7 7 , 0 0 0 and the estate was taxed at 4 0 percent, what was the heir s tax liability? Use Exhibit 1 9 - 6 for Estate...
-
Synovec Company has a debt-equity ratio of .85. Return on assets is 7.3 percent, and total equity is $910,000. a. What is the equity multiplier? (Do not round intermediate calculations and round your...
-
A board game has a spinner marked with the numbers 1 to 15. What is the probability of the spinner landing on an odd number? Express your answer as a decimal
-
Select the consensus algorithm used by Ethereum's PoW mechanism. a . . Dagger Hashimoto b . . Ethash c . . Etchash d . . SHA 2 5 6 2 5 6 algorithm
-
Is it easier for the IRS to determine that an individual omitted an income item from a return or overstated deductions?
-
In general, what is the effective date of a new regulation?
-
Abank is being subsidized by the government in the following way: Each time the bank extends a 1,000-peso loan, it gets a subsidy of 200 pesos. There are two potential borrowers to which the manager...
-
Natalies high school friend, Katy Peterson, has been operating a bakery for approximately 18 months. Because Natalie has been so successful operating Cookie Creations, Katy would like to have Natalie...
-
Accounting statements represent a companys earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and...
-
1 point Consider the matrix 0 A Answer 7 x 368 15T 3 3 x 9 x 9 and let B be a matrix similar to A i e B is of the form SAS for some nonsingular matrix S Find all possible values of a so that det B 0...
-
1. If the system mass is 700 grams and the mass of the disks hanging on the string is 40 grams, what is the mass of the glider in your trial? 660 grams Submit Answer 1/ submissions used Score: 2/2...
-
JAE corporation at January 1 year one issued 8 0 0 shares of nine dollar par common stock for $ 2 7 per share purchased. Repurchasrd 2 3 0 for $ 2 4 . Prepare stockholder equity
-
Explain what makes Homo erectus a significantly different hominin than his/her predecessors. What did she/he accomplish, and how did this set the path for archaic Homo sapiens ? Use your text to...
-
Find the indicated derivative. Find f(3) (x) if f'(x) = () (x) = f(3) X x + 6 +2 X
-
This table presents George, John, and Rebecca's maximum willingness to pay for certain streaming services. Suppose the marginal cost of producing each streaming service is \$0. What price will be...
-
1. A bank quotes an interest rate of 14% per annum with quarterly compounding. What isthe equivalent rate with (a) continuous compounding and (b) annual compounding? 2. What is meant by LIBOR and...
-
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
-
Study the format of the analysis of variances in Exhibit 12-12. Suppose production is 156,000 units. Also assume the following: Other data are as shown in Exhibit 12-12. Prepare an analysis of...
-
The following questions are based on the data contained in Exhibit 12-9. 1. Suppose actual production and sales were 8,000 units instead of 7,000 units. (a) Compute the sales-volume variance. Is the...
-
Belfair Kayak Company makes molded plastic kayaks. Standards costs for an entry-level whitewater kayak are: Direct materials, 60 kilograms @ $5.50 per kilogram Direct labour, 1.5 hours $16 per hour...
Study smarter with the SolutionInn App