Question
Q31. Cash discounts are: a. calculated on returned goods b. never calculated on freight or sales tax c. always determined by the list price d.
Q31. Cash discounts are:
a. calculated on returned goods
b. never calculated on freight or sales tax
c. always determined by the list price
d. a reduction in the amount of the freight charges
Q32. Most products follow a product flow that begins with a manufacturer and then goes:
a. to a wholesaler, then to a retailer, and finally to the consumer.
b. to a broker, then to a retailer, and finally to the consumer.
c. to a retailer and then to the consumer.
d. directly to the consumer.
e. all of the above
Q33. The trade discount amount is equal to:
a. the net price times the trade discount rate
b. the list price times the trade discount rate
c. the list price divided by the trade discount rate
d. the list price minus the trade discount rate
Q34. Which one of the following months does not have 30 days?
a. April
b. February
c. September
d. June
e. they all have 31 days
Q35. The list price of a furnace is $2,468.00. The manufacturer offers a discount of 15%. The net price is:
a. $209.78
b. $370.20
c. $2,097.80
d. $3,702.00
Q36. The amount of money a manufacturer deducts from a list price is called a:
a. net price
b. dealer price
c. trade discount
d. cash discount
Q37. The reduction in the amount due on an invoice for paying within a certain period of time is called a:
a. cash discount
b. trade discount
c. list price
d. net price
Q38. The complement of 32 percent is:
a. 53%
b. 132%
c. 86%
d. 68%
Q39. The amount of money a manufacturer deducts from a list price is called a:
a. net price
b. dealer price
c. trade discount
d. cash discount
e. none of the above
Q40. When a manufacturer offers a product for sale to a retailer, the amount deducted from the list price is called the:
a. trade discount
b. net price
c. percent
d. complement
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