Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
|
To encourage prompt payment, the supplier may offer this if the bill is paid within a certain number of days.
|
Cash Discount
|
|
|
A way to find the net price of a discounted item by subtracting the discount rate from 100 percent.
|
Complement Method
|
|
|
Terms of payment on an invoice from supplier which grants a cash discount if a bill is paid within a certain number of days after the end of the month when the invoice is issued.
|
End-of-month dating
|
|
|
A bill listing the quantites and costs of items purchased
|
Invoice
|
|
|
The price at which a business generally sells an item, also called the catalog price
|
List Price
|
|
|
The price actually paid for a discounted item
|
Net Price
|
|
|
Terms of payment on an invoice from a supplier which grants a cash discount if a bill is paid within a certain numbers of days
|
Ordinary Dating
|
|
|
Discount from the list price
|
Trade Discount
|
|
|
The amount of the discount of an item expressed as a percent of the list price or catalog price
|
Trade discount rate
|
