Determine which party (buyer or seller) is responsible for freight charges in each of the following situations:
Question:
Determine which party (buyer or seller) is responsible for freight charges in each of the following situations:
a. Purchased merchandise, freight terms, FOB destination.
b. Purchased merchandise, freight terms, FOB shipping point.
c. Sold merchandise, freight terms, FOB destination.
d. Sold merchandise, freight terms, FOB shipping point.
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