What are the terms of F.O.B. pricing?
What will be an ideal response?
Geographic pricing involves reductions for transportation costs or other costs associated with the physical distance between buyer and seller. Prices may be quoted as F.O.B. (free on board) factory or destination. An F.O.B. factory price indicates the price of the merchandise at the factory before it is loaded onto the carrier, and thus excludes transportation costs. The buyer must pay for shipping. An F.O.B. destination price means the producer absorbs the costs of shipping the merchandise to the customer. This policy may be used to attract distant customers.
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Dividends generally
A) are paid as a fixed percentage of earnings. B) fluctuate more than earnings. C) are more stable than earnings. D) are guaranteed by the SEC.
In the purchasing cycle, how many steps are involved with the actual acquisition of goods and services?
a. 1 b. 3 c. 4 d. 6
______ checking is an audit process to review the organization's security processes
What will be an ideal response?
Grandin wishes to take out an installment loan to finance the purchase of a small antique dining set costing $71,500. Her loan requires a 22.5% down payment and equal payments of $2,557 for 40 months. What is the amount of the finance charge on this loan?
A) $46,867.50 B) $45,695.27 C) $43,580.64 D) $48,350.00