Match the following terms with their definitions.
-2/10, EOM (before 25th)
A) Criteria on invoice
B) Seller pays cost of freight
C) Could be calculated by table look-up
D) Savings from early payment
E) Cash discount within first 10 days in next month after sale
F) Amount of time to take advantage of a cash discount
G) Discount period begins when goods are received
H) 100% less stated percent
I) List price minus amount of trade discount
J) Time period sellers give buyers to pay invoices
K) 1 - net price equivalent rate
L) Buyer pays cost of freight
M) Actual cost to buyer per dollar
N) 2/10, n/30
O) Two or more trade discounts
P) List price minus net price
Q) Suggested retail price
Correct Answer:
Verified
Q69: Match the following terms with their definitions.
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-FOB
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Q79: The complement of 17% is:
A)71%
B)60%
C)83%
D)38%
E)None of these
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