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FOB Shipping Point
A term in shipping contracts indicating that the buyer is responsible for the goods, including the risk of loss and transportation costs, once the goods leave the seller's premises.
FOB Destination
A shipping term indicating that the seller retains ownership and responsibility for goods until they are delivered to the buyer's location.
Sales
The total amount of goods or services sold by a company during a specific period.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value.
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