FOB shipping point means:
A) Seller pays the cost of freight
B) Buyer pays the cost of freight
C) Title to goods shifts to buyer while being shipped
D) Seller cannot pay cost of freight
E) None of these
Correct Answer:
Verified
Q48: 60 days from Nov. 19 is:
A)Jan. 16
B)Jan.
Q49: Amount of trade discount is represented by
Q50: With terms of 2/10, n/30:
A)Credit period is
Q51: A local college bookstore paid a net
Q52: The net price equivalent rate of 9/15/18
Q54: The complement of 35% is:
A)53%
B)65%
C)56%
D)165%
E)None of these
Q55: An invoice dated March 6 with terms
Q56: 2/10, n/30 is an example of:
A)Ordinary dating
B)Receipt
Q57: The credit period is:
A)Always shorter than the
Q58: The single equivalent discount rate of the
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