Match each phrase with its definition.

Goods a company owns and expects to sell to its customers.

Time period that can pass before a customer's full payment is due.

Seller's description of a cash discount granted to buyers in return for early payment.

Ownership of goods is transferred when the seller delivers goods to the carrier.

Purchaser's description of a cash discount received from a supplier of goods.

Difference between net sales and the cost of goods sold.

Time period in which a cash discount is available.

Ownership of goods is transferred when delivered to the buyer's place of business.