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In computing the cost of merchandise sold does freight increase or decrease the cost?
Wiki User
∙ 15y ago
Freight costs are added to the cost of the merchandise. The total is typically referred to as the "landed" cost of the product.
Wiki User
∙ 15y ago
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Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
Is it legal to ship merchandise to a customer and charge them the shipping charge plus a 40 percent increase and list it as freight charges?
The freight charges can be listed as HANDLING and that would be better. To call it Freight Charges is NOT illegal UNLESS applying for INSURANCE and listing the freight charges as part of the value of the item(s) being shipped.
What is the term if the buyer is to pay the freight cost of delivering merchandise?
FOB Destination
What is the synonym for freight?
carriage, transportation, contents, load, merchandise, packages, shipping, tonnage
Purchased merchandise on account 12000 fob shipping point seller added 485 of prepaid freight charges to the invoice how to journalize in purchases journal?
[debit] Merchandise account 12000 [Debit] Freight in 485 [Credit Accounts payable / cash 12485
If the seller is to pay the transportation cost of delivering merchandise the delivery terms are stated as?
Freight on Destination (FOD)
What is the one word synonym of cargo?
load, goods, contents, shipment, freight, merchandise, baggage, consignment
In which stores can you get a doctor who sonic screw driver in Australia?
I know the ABC shop sells some Dr who merchandise. I get all of my doctor who merchandise from epicloots.com.au. Australian company with free freight.
What type of service does the Internet Truckstop provide?
Internet Truckstop is a web-based freight matching service. Carriers wishing to transport merchandise are matched with customers wishing to have merchandise transported.
If buyer pays the freight cost of delivering merchandise what is the delivery term?
Free On Board Destination (FOB Destination). This means that the seller pays the the freight costs from the shipping point to the buyer's final destination.
What items can be carried in a freight container?
Many types of items can be carried in a freight container as the shape will be different depending on what is to be stored in the container such as containers for carrying weapons are small and compact while freight containers for oil are in the shape of drums. One can carry nearly anything in a freight container such as musical instruments, furniture and computing equipment.
How much is the invoice price of Purchased merchandise for 8000 with 5 trade discount FOB shipping point freight prepaid of 3000?
additional question above. Is freight charges included in the deduction of list price to get invoice price?
