Multiple Choice
Match the following terms with their definitions.
-Amount of trade discount
A) Criteria on invoice
B) Seller pays cost of freight
C) Could be calculated by table look-up
D) Savings from early payment
E) Cash discount within first 10 days in next month after sale
F) Amount of time to take advantage of a cash discount
G) Discount period begins when goods are received
H) 100% less stated percent
I) List price minus amount of trade discount
J) Time period sellers give buyers to pay invoices
K) 1 - net price equivalent rate
L) Buyer pays cost of freight
M) Actual cost to buyer per dollar
N) 2/10, n/30
O) Two or more trade discounts
P) List price minus net price
Q) Suggested retail price
Correct Answer:

Verified
Correct Answer:
Verified
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Q11: Amount of trade discount equals:<br>A)List price ×
Q12: Complete the following:<br> <span class="ql-formula"
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Q15: A net price equivalent rate of 0.74225
Q16: Calculate the net price based on
Q17: Complete:<br> <span class="ql-formula" data-value="\begin{array}{|l|l|l|l|l|l|l|} \hline&
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