1) The manager exclaims, "Why do we have so many purchase returns?" The accountant asks, Why does it matter if our suppliers offer unlimited returns? Explain why the manager is concerned? 2) What is the difference between FOB shipping points and FOB destinations? 3) You are studying for your accounting, with Mason and he says, If a company has positive gross profit, then the company also has a positive profit." Tell Mason whether you agree or disagree with him and explain why?

Subject: - Accountancy