Matrix Material Corporation in New Jersey sells fifty tons of fabric to Natural Fit Clothing,Inc.,in Ohio,"F.O.B.New Jersey." Matrix arranges with Outbound Truckline to transport the goods.The cost of the transport will be paid by
A)Matrix.
B)Natural Fit.
C)New Jersey.
D)Outbound.

Question

Quizplus · Accepted Answer

F.O.B. (free on board) means that the seller (Matrix) is responsible for the cost of transportation to the named destination (New Jersey).

Matrix Material Corporation in New Jersey Sells Fifty Tons of Fabric