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VladimirAG [237]
2 years ago
7

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. If required, round the answers to the nearest dollar. Merchandise (Invoice Amount) Freight Paid by Seller Freight Terms Returns and Allowances (Invoice Amount) a. $6,700 $100 FOB destination, 2/10, n/30 $1,750 b. 3,300 200 FOB shipping point, 1/10, n/30 1,200 a. $fill in the blank 1 b. $fill in the blank 2
Business
1 answer:
Reika [66]2 years ago
7 0

Answer and Explanation:

The computation of the amount is shown below:

a. For FOB destination

=  Merchandise price - Returns and allowances - discount

= $6,700 - $1,750 - ($6,700  - $1,750 )× 2%

= $6,700 - $1,750 - $99

= $4,851

b. For FOB shipping point

= Merchandise price - Returns and allowances - discount + Freight In

= $3,300 - $1,200 - ($3,300 - $1,200) × 1% + $200

= $3,300 - $1,200 - $21 + $200

= $2,279

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Answer:

The correct answer is:

John's capital account for $35,300 (c.)

Explanation:

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Hence, since Bobbi's partnership capital was $35,300, John's account would be credited with the same amount even if the ownership was sold for $55,900, as the bonus goes to Bobbi.

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A data analyst at a nonprofit organization is working with a dataset about a summer fundraiser. Although they have a lot of usef
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2 years ago
All of the following components are commonly found in a rental housing agreements except
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The answer is C. Renters' insurance is an excellent idea for tenants. But the decision to purchase is up to the renters. There are many options for coverage levels and companies available. The landlord should have property insurance, but the renter should also have their own insurance to cover their belongings.
8 0
2 years ago
Read 2 more answers
What minimum value of ma will keep the system from starting to move?
Andreyy89

Answer:

Explanation:

Block on the table m(A) = m1,

block on the cord m2,

the coefficient of static friction is k1=0.4,

the coefficient of kinetic friction is k2 =0.28

(a)

Block A:

T = F(fr) = k1 •N = k(s) • m1 •g,

Block B: T = m2•g.

k1 • m1 •g= m2•g,

m1 = m2/k(s) = m2/0.4.

(b)

Block A:

T = F(fr) = k2 •N = k2 • m1 •g,

Block B:

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6 0
2 years ago
Job 543 started on june 1 and finished on july 15. Total cost on july 1 was​ $10,800, and the costs added in july were​ $164,300
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Answer:

$175,100

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Hence the debit to cost of goods sold is $175,100

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