keAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator-assignm
ID: 2537281 • Letter: K
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keAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator-assignment-take;&inprogress; Show Me How Calculator Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit t period. Merchandise Freight Paid by a. $19,100 b. 10,500 c. 5,800 d. 4,000 e. 2,500 Returns and Allowances Seller FOB destination, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 FOB shipping point, 2/10, n/30 FOB destination, 2/10, n/30 $1,000 1,300 500 600 $400 200 a. $ 18,100 C. d. Check My Work FOB shipping point freight is the buyer's cost, FOB destination freight is the seller's expense. To determine Learning Objective 2.Explanation / Answer
Merchandise Freight paid by seller Returns $ Allowance Amount due a. 19100 0 1000 18100 b. 10500 400 1300 9600 c. 5800 0 500 5300 d. 4000 200 600 3600 e. 2500 0 0 250 Note: In case b and d, the freight charges to be paid is the responsibility of buyer, but paid by the seller. Therefore, it has been included in the amount due to be paid by the buyer So, Answer is: Amount to be paid a. 18100 b. 9600 c. 5300 d. 3600 e. 250
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