FOB Origin Pricing Is a Method of Pricing Where

question 76

Multiple Choice

FOB origin pricing is a method of pricing where:

• A)title of goods remains with the manufacturer until sold to the ultimate consumer.
• B)title of goods passes to the buyer upon arrival at the final destination.
• C)title of goods passes to the buyer at the point of loading.
• D)price the seller sets includes all transportation costs.

---

Definitions:

Credit Sales

Sales made on credit, where the payment is received after the goods or services are delivered.

Budgeted Balance Sheet

A financial statement that projects the balances of assets, liabilities, and equity based on expected future transactions.

Financial Position

An overview of a person's or organization's assets, liabilities, and equity at a specific point in time, showing the net worth or financial health.

Operating Budget

A detailed projection of all expected income and expenses based on forecasted sales revenue during a given period, typically a fiscal year.