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Rizio Company purchases a machine for $10,400, terms 1/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $104 discount. Transportation costs
Rizio Company purchases a machine for $10,400, terms 1/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $104 discount. Transportation costs of $235 were paid by Rizio. The machine required mounting and power connections costing $719. Another $339 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $280 worth of repairs were made
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