(Answered) Question purchases and purchasersrespond to one of the

Accounting

Question: Purchases and Purchasers

Respond to one of the following:

1. Consider the following statement: "F.O.B. destination means that title to the goods will switch to the buyer when goods are shipped." Do you agree or disagree with the statement? Explain your answer. Also, what is the difference between an F.O.B. shipping point and an F.O.B. destination? Use at least one online reference to support your response.

2. What is the relationship between a purchase requisition and a purchase order? Why would a purchaser issue a debit memorandum? Lastly explain why a trade discount is not a cash discount. Please provide detailed responses, including examples when possible.

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