WebPoint To Point Freights LLC is a licensed and DOT registred trucking company running freight hauling business from Lake Park, Florida. Point To Point Freights LLC USDOT … WebFOB shipping point, freight collected Question 21.This is a situation where the seller actually paid the freight charges but is not legally responsible for the same. a. FOB destination, freight prepaid b. FOB destination, freight collect c. FOB shipping point, freight prepaid d. FOB shipping point, freight collected Expert Solution
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WebThe merchandise was delivered FOB shipping point. Freight costs of $470 were paid in cash. Returned $400 of the inventory it had purchased because the inventory was damaged in transit. The seller agreed to pay the return freight cost. Paid the amount due on its account This problem has been solved! WebHasham purchases inventory from overseas and incurs the following costs: the merchandise cost is $80,000, credit terms V10, 1/30, applicable only to the $80,000; FOB shipping point freight charges are $2.500; insurance during transit is $300 and import duties are $1,500. Hasham paid within the discount period. halunka records
Boeing Truck Company received an invoice showing 8 tires at
WebWhat is freight forwarding? Freight forwarding organizes the transport of goods directly from a manufacturer to the final distribution point. Freight forwarders don’t do the … WebAug 23, 2024 · FOB, Free on Board: This is the point in the supply chain in which the buyer accepts ownership of a shipment and the seller relinquishes their ownership. COD, Cash on Delivery: This is a situation in which the carrier would collect payment when the … WebShipping terms are F.O.B. shipping point, freight prepaid. Ilano paid the shipping costs on June 16 and added the P600 cost to the invoice sent to Pascual Pascual remitted P6,480 on June 24. Required: 1. Prepare the entries for llano to record the sale and freight payment, and the cash receipt. 2. Prepare the entries for Pascual to record the ... burn care market