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Richardson Company purchased goods from Carter with the following terms and details. Sales price, $13, 000 Terms, (1/10, n/30) Date of sale, April 5 Date

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Richardson Company purchased goods from Carter with the following terms and details. Sales price, $13, 000 Terms, (1/10, n/30) Date of sale, April 5 Date of payment, April 15 Shipping, FOB Shipping Point, $305, prepaid by seller Determine if Richardson, the buyer, qualifies for a cash discount, and who pays for shipping, Richardson or Carter. Does the buyer, Richardson, qualify for the discount? Yes No Who pays for shipping? Richardson, the buyer Carter, the seller

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