Question: 1. Research the following: FOB destination FOB shipping point Terms (ex. 1/10, n30) Provide an example of how Terms (ex. 1/15, n30) can save the

1. Research the following:

FOB destination
FOB shipping point
Terms (ex. 1/10, n30)
Provide an example of how Terms (ex. 1/15, n30) can save the purchaser money and why it is beneficial for a seller to offer Terms.

2. Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?

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1 Terms you presented is actually a discount term so for example 215 n30 stands for if you pay the g... View full answer

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