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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
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. Returns and Allowances Merchandise (Invoice Amount) Freight Paid by Seller Freight Terms a. $6,250 $700 FOB destination, 2/10, n/30 (Invoice Amount) $1,650 b. 2,800 600 FOB shipping point, 1/10, n/30 1,000 < b.
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