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 53 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
Gracias!

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

How prefixes and suffixes can be combined with a word root to form many medical terms. How prefixes and suffixes can be combined with a word root to form many medical terms.
How to evaluate algebraic terms containing fractional exponents without a calculator How to evaluate algebraic terms containing fractional exponents without a calculator
Land use change and forestry are responsible for 18% of global greenhouse gas emissions Land use change and forestry are responsible for 18% of global greenhouse gas emissions
Directional Terms Directional Terms
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
Emerson’s Three-Point Test-Cross Analysis Emerson’s Three-Point Test-Cross Analysis
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library