Insert the letter for each term in the blank space beside the definition that it most closely matches:

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A. Cash discount B. Credit period E. FOB shipping point F. Gross profit H. Purchase discount I. Sales discount G. Merchandise inventory c. Discount period D. FOB destination J. Trade discount 1. Ownership of goods is transferred when delivered to the buyer's place of business. 2. Time period in which a cash discount is available. 3. Difference between net sales and the cost of goods sold. 4. Reduction in a receivable or payable if it is paid within the discount period. 5. Purchaser's description of a cash discount received from a supplier of goods. 6. Ownership of goods is transferred when the seller delivers goods to the carrier. 7. Reduction below list or catalog price that is negotiated in setting the price of goods. 8. Seller's description of a cash discount granted to buyers in return for early payment. 9. Time period that can pass before a customer's payment is due. 10. Goods a company owns and expects to sell to its customers.