Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer this discussion post. Enter Your Name/Module 6 in the Text Box This is a required activity. You must post before viewing other student's

Please answer this discussion post. image text in transcribed
Enter "Your Name/Module 6" in the Text Box This is a required activity. You must post before viewing other student's posts. Answer the lead question. Instructor - Lead Question Jake's Sporting Goods sells sporting goods and apparel in Omaha, NE. On October 17, Jake's purchased $50,000 of sporting goods from Cincinnati Wholesale Distributors with terms FOB shipping point and 1/10,n/ EOM. On October 18, Jake's purchased $45,000 of sporting goods from the Chicago Sports Wholesalers with terms FOB destination and 3/15,n/30. Both suppliers hired KC Trucking Company to deliver the goods. The trucks carrying these goods collided on the bridge over the Missouri River between Omaha and Council Bluffs. Both drivers were "fished" out of the river and were not hurt. However, all of the merchandise was destroyed. Both suppliers have sent Jake's Sporting Goods invoices and are expecting payment. The date is October 25. You are Jake's accountant, and he reaches out to you to ask what he should do and how much he should pay. Requirement: Write a professional email advising Jake on the situation. Show your calculations and include a description of the advantages of using various shipping terms. Professional email resource: The following article presents proper email format, steps to follow, and examples of professional emails. How To Write a Professional Email e, by Indeed Editorial Team

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EPA Should Improve Timeliness For Resolving Audits Under Appeal

Authors: U.S. Environmental Protection Agency

1st Edition

1500105783, 978-1500105785

More Books

Students also viewed these Accounting questions