Name Chapter 7: Discounts: Trade and Cash Part I Vocabulary Matchup 1. Amount of trade discount A. Amount of time to take advantage of a cash discount chain discount B. Seller pays cost of freight 2, 3. Cash discount 5. Credit period A6. Discount period Actual cost to buyer per dollar Two or more trade discounts Discount period begins when goods are 4. Complement D. E. F. G. List price less net price H. Period of time that follows discount received Cash discount within first 10 days of second month after sale 7. Due dates 8210, EOM (after 25") period Buyer pays cost of freight J List price less amount of trade discount K. 210, n/30 L. Could be calculated by table look-up M. Criteria on invoice N. 100% less stated percent O. 1-net price equivalent rate 9. FOB destination - 10. FOB shipping point I_ 11. List price 12. Net price 13. Net price equivalent rate 14. Ordinary dating 15. ROG 16. Single equivalent discount rateSavings from early payment 17. Terms of sale Q Suggested retail price Part II Drill Name Chapter 7: Discounts: Trade and Cash PartI Vocabulary Matchup Amount of time to take advantage of a cash discount A. 1. Amount of trade discount -B, Seller pays cost of freight 2. Chain discount 3. Cash discount 4. Complement 5. Credit period C. Actual cost to buyer per dollar D. Two or more trade discounts E. Discount period begins when goods are received 6. Discount period F. Cash discount within first 10 days of second month after sale G. List price less net price H Period of time that follows discount 7. Due dates 8. 2/10, EOM (after 25h) period 9. FOB destination 10. FOB shipping point 11. List price 12. Net price 13. Net price equivalent rate 14. Ordinary dating 15. ROG 16. Single equivalent discount rateP 17. Terms of sale 1. Buyer pays cost of freight J. List price less amount of trade discount ,K 210, /30 L. Could be calculated by table look-up M. Criteria on invoice N. O. 100% less stated percent 1-net price equivalent rate Savings from early payment Q Suggested retail price Part II Drill Complete the following: Single Trade