Match the following terms with their definitions.
-FOB destination
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
Q82: An invoice for office furniture for $1,210.88
Q83: Complete the following:
Q84: Jones Company received an invoice for $1,450
Q85: Complete: Q86: Match the following terms with their definitions. Q88: Complete the following: Q89: Match the following terms with their definitions. Q90: Match the following terms with their definitions. Q91: Match the following terms with their definitions. Q92: Calculate (A)cash discount and (B)net amount
-ROG
A)Criteria
-Chain
-Terms
-Net
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