Alpha Geek

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Category > Accounting Posted 05 May 2017 My Price 6.00

Raiser Company purchased goods at a gross selling

Raiser Company purchased goods at a gross selling price of USD 2,400 on August 1. Discount terms of 2/10, n/30 were available. For each of the following independent situations, determine (1) the cash discount available on the final payment and (2) the amount paid if payment is made within the discount period.

   

Purchase

Transportation Terms

Freight Paid (by)

Allowance Granted

a. FOB shipping point

$240 (buyer)

$480

b. FOB destination

120 (seller)

240

c. FOB shipping point

180 (seller)

720

d. FOB destination

192 (buyer)

120

Answers

Alpha Geek
(8)
Status NEW Posted 05 May 2017 09:05 AM My Price 6.00

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Attachments

file 1493978238-625959_1_636295089033737690_discount-and-allowances.xlsx preview (101 words )
62-----------595-----------9&a-----------mp;-----------amp-----------;in-----------foI-----------d=4-----------741-----------34A-----------llo-----------wan-----------ces----------- an-----------d d-----------isc-----------oun-----------tsR-----------ais-----------er -----------Com-----------pan-----------y p-----------urc-----------has-----------ed -----------goo-----------ds -----------at -----------a g-----------ros-----------s s-----------ell-----------ing----------- pr-----------ice----------- of----------- US-----------D 2-----------,40-----------0 o-----------n A-----------ugu-----------st -----------1. -----------Dis-----------cou-----------nt -----------ter-----------ms -----------of -----------2/1-----------0, -----------n/3-----------0 w-----------ere----------- av-----------ail-----------abl-----------e. -----------$Gr-----------oss----------- se-----------lli-----------ng -----------Pri-----------ceD-----------isc-----------oun-----------t t-----------erm-----------s2/-----------10,-----------n/3-----------0Tr-----------ans-----------por-----------tat-----------ion----------- Te-----------rms-----------Fre-----------igh-----------t F-----------rei-----------ght----------- Pa-----------id -----------(by-----------)Pu-----------rch-----------ase----------- Al-----------low-----------anc-----------e G-----------ran-----------ted-----------a. -----------FOB----------- sh-----------ipp-----------ing----------- po-----------int-----------(bu-----------yer-----------)b.----------- FO-----------B d-----------est-----------ina-----------tio-----------n(s-----------ell-----------er)-----------c. -----------FOB----------- sh-----------ipp-----------ing----------- po-----------int----------- (s-----------ell-----------er)-----------d. -----------FOB----------- de-----------sti-----------nat-----------ion----------- (b-----------uye-----------r)F-----------or -----------eac-----------h o-----------f t-----------he -----------fol-----------low-----------ing-----------
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