Satoor Inc.Satoor Inc. uses a periodic inventory system. It purchased merchandise from Taye Company on July 7, for $15,000. The credit terms were 1/10, n/30. The goods were shipped F.O.B. shipping point on July 7. Satoor Inc. received the merchandise on July 10 and paid the amount due on July 15.
-Refer to the information provided in the figure Satoor Inc.Who is responsible for payment of the transportation costs on the merchandise sold?
A) seller
B) buyer
C) split equally between the two companies
D) cannot be determined from the information provided
Correct Answer:
Verified
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