Shipping terms of FOB destination mean that the:
a. purchaser is responsible for the shipping charges.
b. shipping charges are debited to Freight-Out.
c. items should be in the purchaser's inventory account at year-end if the items are in transit.
d. Both (a) and (c) above.
Ans: b. shipping charges are debited to Freight-Out.
Business
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It is per se illegal under the Sherman Act to set a maximum price, but not a minimum price
Indicate whether the statement is true or false
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