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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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.
Â
Merchandise
Freight
paid by Seller                                 Freight Terms
returns and
Allowances
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a.                    $36,000                                             $800                             FOB destination, 1/10, n/30                        $4,000 b.                                                                                 44,900                                                                                         375                        FOB shipping point, 2/10, n/30                              2,400
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