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