Determine the amount to be paid or collected as may be the case, applying the freight terms, discounts and transportation arrangement.thank you! Legend: MDSE (means merchandise)TransportationFreight TermsCredit TermsAmountTransportatiReturnedAmount to beArrangementon CostsMDSEpaid/collected(round off tonearest peso)Freight PrepaidFreight CollectFreight CollectFreight PrepaidFreight CollectFreight PrepaidFreight PrepaidFreight CollectFreight PrepaidFreight Collect2/10, n/30 less:10%2/10, n/201. FOB Destination2. FOB Shipping Point3. FOB Destination4. FOB Shipping Point180,0006,00010,000120,0004,00012,000COD60,0002,500-0-2/15, n/302/10, n/30 less:8%70,0003,5008,0005. FOB destination150,0005,50012,0006. FOB Shipping Point7. FOB destination8. FOB Shipping Point9. FOB Destination10. FOB Shipping PointCOD20,0001,0002,0001,500-0-2/5, n/202/10, n/30COD, less: 5%40,0004,00030,0007,00075,00010,0004,500-0-COD1,000-0-Note: Assumed that if the terms has a trade discount the amount is stated at list price also the returned is stated at list price.Assumed further that for credit terms, all are paid or collected within the discount period.

Freight Terms Transportati Returned on Costs Transportation Credit Terms Amount Amount to be paid/collected (round off to nearest peso) Arrangement MDSE . FOB Destination FOB Shipping Point .FOB Destination Freight Prepaid Freight Collect Freight Collect 2/10, n/30 less:10% |2/10, n/20 180,000 6,000 10,000 120,000 4,000 12,000 COD 60,000 2,500 -0-

Freight Terms Transportati Returned on Costs Transportation Credit Terms Amount Amount to be paid/collected (round off to nearest peso) Arrangement MDSE . FOB Destination FOB Shipping Point .FOB Destination Freight Prepaid Freight Collect Freight Collect 2/10, n/30 less:10% |2/10, n/20 180,000 6,000 10,000 120,000 4,000 12,000 COD 60,000 2,500 -0-

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 8QY: If the seller assumes the entire cost of transportation, without any reimbursement from the buyer,...

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