Sunset Band,Inc.purchased merchandise from Rumble Music Company on June 5,2014.The goods were shipped the same day.The merchandise's selling price was $15,000.The credit terms were 1/10,n/30.The shipping terms were FOB shipping point.Sunset received the merchandise on June 10,2014.Sunset paid the amount due on June 13,2014. Who is responsible for payment of the transportation costs on the merchandise sold by Rumble Music to Sunset?
A) Rumble Music Company
B) Sunset,Inc.
C) Split equally between the two companies.
D) Cannot be determined from the information provided.
Correct Answer:
Verified
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