The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show your understanding of freight terms by selecting all of the correct statements below. (Check all that apply.)
(a)-Terms FOB shipping point means the seller of the goods is responsible for freight charges.
(b)-Terms FOB destination means that the seller is responsible for shipping costs.
(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.
(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.
(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.
(f)-When the shipping costs are the responsibility of the seller, then the Merchandise Inventory account is debited.
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 17:20, keshonerice
Luis and rosa, citizens of costa rica, moved to the united states in year 1 where they both lived and worked. in year 3, they provided the total support for their four young children (all under the age of 10). two children lived with luis and rosa in the u. s., one child lived with his aunt in mexico, and one child lived with her grandmother in costa rica. none of the children earned any income. all of the children were citizens of costa rica. the child in mexico was a resident of mexico, and the child in costa rica was a resident of costa rica. how many total exemptions (personal exemptions plus exemptions for dependents) may luis and rosa claim on their year 3 joint income tax return? a. 6 b. 5 c. 4 d. 2
Answers: 3
Business, 22.06.2019 03:50, haydenbell269
John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:
Answers: 1
Business, 22.06.2019 11:30, zitterkoph
Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment
Answers: 3
Business, 22.06.2019 16:50, mariposa91
In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase
Answers: 1
You know the right answer?
The buyer and seller of merchandise must agree on who is responsible for paying freight terms. Show...
Questions in other subjects:
