Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all...


Freight Terms


Determine the amount to be paid in full settlement of each of two invoices, (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.


































Merchandise
(Invoice Amount)


Freight
Paid by Seller


Freight Terms

Returns and
Allowances
(Invoice
Amount)

a.$24,000$300FOB destination, 1/10, n/30$2,000
b.31,500250FOB shipping point, 2/10, n/302,500


Jun 03, 2022
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