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 100 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

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

McBurney’s point is the common location of pain in children and adolescents with appendicitis. McBurney’s point is the common location of pain in children and adolescents with appendicitis.
Frequently Used Computer Terms Frequently Used Computer Terms
Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Direct thumb pressure to a trigger point. Direct thumb pressure to a trigger point.
What is the freezing point of a solution of 2.86 g MgCl2 in 100 g of water? Kf for water is ... What is the freezing point of a solution of 2.86 g MgCl2 in 100 g of water? Kf for water is ...
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library