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Match the following terms with their definitions.1. Due datesList price minus net price2. Credit ...

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Match the following terms with their definitions.1. Due datesList price minus net price2. Credit ...

Match the following terms with their definitions.

1. Due dates	List price minus net price
2. Credit period	Two or more trade discounts
3. 2/10, EOM (before 25th)	Savings from early payment
4. List price	100% less stated percent
5. Discount period	Time period sellers give buyers to pay invoices
6. FOB shipping point	Amount of time to take advantage of a cash discount
7. Cash discount	Could be calculated by table look-up
8. Net price equivalent rate	Cash discount within first 10 days in next month after sale
9. Example of ordinary dating	Seller pays cost of freight
10. Complement	Buyer pays cost of freight
11. FOB destination	Suggested retail price
12. ROG	List price minus amount of trade discount
13. Terms of sale	Actual cost to buyer per dollar
14. Single equivalent discount rate	2/10, n/30
15. Net price	Discount period begins when goods are received
16. Amount of trade discount	1 – net price equivalent rate
17. Chain discount	Criteria on invoice

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

Read 25 times

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