A car dealer acquires a used car for $7,000, with terms fob shipping point. compute total inventory costs assigned to the used c

Question

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A car dealer acquires a used car for $7,000, with terms fob shipping point. compute total inventory costs assigned to the used c

ar if additional costs include
$290 for transportation-in.
$190 for shipping insurance.
$1,000 for car import duties.
$200 for advertising.
$1,400 for sales staff salaries.
$190 for trimming shrubs.

Mathematics

1 answer:

ratelena [41] · Answer 1 · 2023-06-08T19:22:28+03:00

Shipping points are independent organizational entities within which processing and monitoring of the deliveries, as well as goods issue, is carried out. A delivery is processed by one shipping point only.

"FOB shipping point" or "FOB origin" means the buyer is at risk once the seller ships the product. The purchaser pays the shipping cost from the factory and is responsible if the goods are damaged while in transit. "FOB destination" means the seller retains the risk of loss until the goods reach the buyer.

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