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Who pays for the cost of shipping

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Question 1 - If the Ortiz Corporation purchases 100 washing machines from the Whirlpool Corporation FOB Shipping Point, who pays for the cost of shipping the machines from Whirlpool to Ortiz?

Question 2 - Rodriguez Company reported the following balances at June 30, 2020:

Sales Revenue $17,000

Sales Returns and Allowances 500

Sales Discounts 300

Cost of Goods Sold 7,600

a) What are the net sales for the month?

b) What is the gross margin (in dollars) for the month?

Reference no: EM133146287

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