Who bears the freight when the terms of sale are: FOB shipping point ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ FOB Destination

Q: If title to merchandise purchases passes to the buyer when the goods are delivered to the buyer, the…

A: FOB shipping point sale: FOB shipping point sale: When the goods are shipped to the buyer, the title…

Q: SLO-5.2. Using the term means that the buyer will pay the freight charges of the merchandise to the…

A: whenever the goods are purchased at the raw material for the production of goods are purchase there…

Q: What happens when merchandise is delivered FOB shipping point? Multiple Choice O O O O The buyer…

A: Ans. The buyer pays the freight cost

Q: Describe FOB shipping point and FOB destination. When does the buyer take ownership of the goods,…

A: Transportation Costs: The costs of delivering the merchandise inventory from the manufacturer to the…

Q: 46. Which of the following shipping terms wherein the buyer shoulder the freight on shipment of…

A: Shipping terms in accounting define who will pay freight or shipping charges in which situations.…

Q: Which of the following shipping terms would normally indicate that risk of loss and damage during…

A:

Q: Which of the following statements regarding freight costs is true? Oa. FOB destination means that…

A: The inventory is recorded as current assets in the balance sheet . The inventory is recorded…

Q: 23) f the buyer is ready to bear the entire cost of shipment charges, it is being called as…

A: FOB destination means the goods remain the property of the seller until it reaches the destination…

Q: 23) If the buyer is ready to bear the entire cost of shipment charges, it is being called as…

A: UNDER FOB SHIPPING POINT : THE BUYER IS RESPONSIBLE FOR ALL THE COST RELATED TO THE TRANSPORTATION…

Q: If the sale includes the seller paying the freight costs and assuming the responsibility for…

A: FOB shipping point sale: When the goods are shipped to the buyer, the title is transferred to the…

Q: Freight Terms Transportati Returned on Costs Transportation Credit Terms Amount Amount to be…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: If title to merchandise purchases passes to the buyer when the goods are shipped from the seller,…

A: FOB means freight on board FOB shipping point means the buyer is the legal owner of the goods when…

Q: f goods are sold on terms FOB shipping​ point, the​ ________.         A. seller normally pays the…

A: The invoice contains all the terms related to sale like FOB point, discount and due date of the…

Q: -It is used to who is responsible for paying shipping and when the title of the goods passes from…

A: Terms that determine the responsibility of bearing of shipping cost are shipping terms.

Q: -It is used to who is responsible for paying shipping and when the title of the goods passes from…

A: When a Business transaction is executed, it is subjected to certain terms and conditions that govern…

Q: .In consignment sales, what is the proper treatment of the consignment-related transportation cost…

A: Consignment means where consignor send goods to consignee to be sold by later on the behalf of…

Q: 7.Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods…

A: Using perpetual inventory system, the expenses incurred on purchase is debited to inventory account.…

Q: This is a situation where the seller actually paid the freight charges but is not legally…

A: FOB Destination, Freight Collect: If the products are sent FOB destination, the customer is…

Q: Who bears the freight when the terms of sale are (a) FOB shipping point, (b) FOB destination?

A: (a)If the sale is made with the terms FOB shipping point, the goods' ownership is transferred at the…

Q: If the buyer is to pay the freight costs of delivering merchandise, delivery terms are stated as Da.…

A: Cost of goods sold: It refers to the overall cost incurred by a company for the production of the…

Q: Acme Company has two divisions: Retail Division and Wholesale Division. The following data are for…

A: The contribution margin is calculated as the difference between the sales and variable cost. The…

Q: Who owns the goods in transit under FOB destination? * buyer O seller O either buyer or seller none

A: In case of goods in transit under FOB  means  The seller will

Q: nd the cost of the goods is paid within the predetermined term? A) Payment with Acceptance Credit…

A: When goods are exported, the amount of payment is controversial as the amount of payment changes at…

Q: It is used to who is responsible for paying shipping and when the title of the goods passes from…

A: The goods and services are usually exchanged between two parties. One is seller and the other is…

Q: Shipping cost for goods sold to customers, in transit, shipped f.o.b. point of shipment be…

A: The company sells products and goods to the customer The shipment costs are sometimes paid by the…

Q: When the buyer pays the freight​ costs, the entry to record the payment under a perpetual inventory…

A: Perpetual and Periodic are two inventory systems which are being used for accounting and reporting…

Q: Freight on Board (FOB) shipping point requires that the seller pays the shipping cost.. True or…

A: Shipping cost is the cost associated with goods when they are shipped to the buyer from the seller.…

Q: If the buyer is to pay the transportation costs of delivering the merchandise, delivery terms are…

A: Under FOB destination, titles of goods are transferred to the buyer only when goods are delivered to…

Q: Who is responsible for the freight cost when the terms are FOB destination? Please explain with full…

A: FOB: FOB means "Free on Board", also known as "Freight on Board". It is important to decide who is…

Q: If a purchaser using a perpetual system agrees to freight terms of FOB shipping point, then the…

A: If goods are sold with terms FOB shipping point, the risks and rewards related to those goods are…