This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Who is responsible for the freight costs when the terms are FOB shipping point? a. the ultimate ... (Read 34 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jul 5, 2018
Who is responsible for the freight costs when the terms are FOB shipping point?
 a. the ultimate customer
  b. the buyer
  c. the seller
  d. either the seller or the buyer

Question 2

Mariner, Inc bought a lobster boat on November 1, 2011 in exchange for a 2-month, 6, 80,000 note. The note plus interest will be repaid on January 1, 2012, the maturity date.
 
  How much interest expense should the company report on its income statement for the month ended November 30, 2011?
  A) 0
  B) 4,800
  C) 400
  D) 800


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

C


Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Surgical needle shapes: (A) taper point; (B) cutting point. Surgical needle shapes: (A) taper point; (B) cutting point.
Dew point/temperature relationships in (a) unsaturated air and saturated air (b and c). Dew point/temperature relationships in (a) unsaturated air and saturated air (b and c).
Set-Point Theory Set-Point Theory
A certain car traveling at 34.0 mph skids to a stop in 29 meters from the point where the ... A certain car traveling at 34.0 mph skids to a stop in 29 meters from the point where the ...
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library