Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price, P1,500 each. With terms 20,10,5/15/ n/30. Transport cost is P10 per unit. If the payment is made on the 20th day. 1. how much will Buyer A pay the seller when the term is FOB Destination Prepaid? 2. how much will Buyer A pay the seller when the term is FOB Shipping Point Prepaid? 3. how much will Buyer A pay the seller when the term is FOB Destination Collect?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Buyer A bought 20 pcs of product Z from Seller B with the following information: Selling price, P1,500 each. With terms 20,10,5/15/ n/30. Transport cost is P10 per unit. If the payment is made on the 20th day.

1. how much will Buyer A pay the seller when the term is FOB Destination Prepaid?
2. how much will Buyer A pay the seller when the term is FOB Shipping Point Prepaid?
3. how much will Buyer A pay the seller when the term is FOB Destination Collect?

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