Net Price Factor is the percent of a list price that the business pays for merchandise. It is ...

Net Price Factor is the percent of a list price that the business pays for merchandise. It is calculated as 100 + the Trade Discount Rate.
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Q. 2

The value of an asset at any given time is called book value. It is calculated by taking the original cost less the accumulated depreciation to that point.
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Q. 3

The abbreviation gro on an invoice refers to the term grocery.
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Q. 4

The decrease in value from the original cost of a long-term asset over its useful life is known is depreciation.
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Q. 5

The abbreviation ea on an invoice refers to the word each.
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Q. 6

Relatively fixed or permanent assets such as land, buildings, tools, equipment, and vehicles that companies acquire in the course of operating a business is referred to as short-term or current assets.
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Q. 7

To extend the total on an invoice, multiply the quantity by the unit price per item.  
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