Match the statements below with the appropriate terms: *

Credit terms that do not provide a discount for early payment

Credit terms that allow for a 1% discount for early payment

Shipping terms that would typically mean that the buyer has to pay the freight charges

Shipping terms that would typically mean that the seller has to pay the freight charges

Credit terms that allow for a 3% discount for early payment

Credit terms that do not provide a discount for early payment

Credit terms that allow for a 1% discount for early payment

Shipping terms that would typically mean that the buyer has to pay the freight charges

Shipping terms that would typically mean that the seller has to pay the freight charges

Credit terms that allow for a 3% discount for early payment

Classify the following expenses and revenues as: *

Net Sales

Utilities expense

Depreciation Expense

Interest expense

Interest Revenue

Net Sales

Utilities expense

Depreciation Expense

Interest expense

Interest Revenue

A. 3/10, n/40 B. n/30 C. FOB destination D. FOB shipping point E. 1/10, n/45 A- Operating expense B- Other expenses and losses C- Revenue D- Other revenues and gain