A buyer for home furnishings orders merchandise from a North Carolina vendor totaling 2,800. Thevendor offers two options a) 3/10 net 30 FOB Destination (to buyers' warehouse or (b) 6/10 FOBFactory. If transportation costs are @250, which would be the better option for the buyer?

The objective of this question is to determine which of the two options provided by the vendor would…

Answered: A buyer for home furnishings orders…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A buyer for home furnishings orders merchandise from a North Carolina vendor totaling 2,800. The vendor offers two options a) 3/10 net 30 FOB Destination (to buyers' warehouse or (b) 6/10 FOB Factory. If transportation costs are @250, which would be the better option for the buyer?
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A buyer for home furnishings orders merchandise from a North Carolina vendor totaling 2,800. The vendor offers two options a) 3/10 net 30 FOB Destination (to buyers' warehouse or (b) 6/10 FOB Factory. If transportation costs are @250, which would be the better option for the buyer?