aming Cengage learning : CengageNoweIon x Y Yahoo Search Textbook Solutions ssig

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aming Cengage learning : CengageNoweIon x Y Yahoo Search Textbook Solutions ssignmentMaindo'imvoker-assigments&tskeAssignmentsessionl.ocator-assigoment-takeainpropress-t; Show Me HowCalculator Print them Freight Terms amount to be paid in full settlement of each of two invpices (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. Freight Paid by Seller Returns and Freight Terms 9,100 $600 FOB shipping point, 2/10, r/30 F08 destination, 1/10, n/30 $1,150 4,300 b. a & b. Under FOB shipping point, freight is paid by the buyer, while under FOB destinacion fraight is the seler's expense. To determine the amount, first deduct the return before calculating the discount. Then calculate (Purchase -Rstum - Discount) + applic able freight t more Chack My Work uses remanng

Explanation / Answer

a Amount of merchandise 9100 Less Return and allowance 1150 Net amount 7950 Less Discount 159 (7950*2%) Amount paid before excluding freight 7791 Add Freight to be paid 600 Total amount paid 8391 b Amount of merchandise 4300 Less Return and allowance 700 Net amount 3600 Less Discount 36 (3600*1%) Amount paid before excluding freight 3564 Add Freight to be paid 0 Total amount paid 3564

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