Question
1. Delivery charges are $100. The invoice that a retailer receives is for $5,320. (a) What amount does the retailer owe if the transportation terms
1. Delivery charges are $100. The invoice that a retailer receives is for $5,320. (a) What amount does the retailer owe if the transportation terms are FOB origin? (b) What amount does the retailer owe if the transportation terms are FOB destination?
2. A retail store in Columbia, SC places an order with a factory in Chicago. The order is delivered to the store on September 10 with an invoice date of September 7. Delivery charges are $100. The invoice totals $10,000. Terms are 5/10 net 30 FOB Columbia, SC. How much does the retailer owe if the bill is paid on September 15?
3. A retail store in Columbia, SC places an order with a factory in Chicago. The order is delivered to the store on September 10 with an invoice date of September 7. Delivery charges are $100. The invoice totals $10,000. Terms are 5/10 net 30 ROG, FOB Chicago. How much does the retailer owe if the bill is paid on September 21?
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