Exam (elaborations)
IDIS 240 Exam 2 Questions And Answers Latest Update
- Course
- IDIS 240
- Institution
- Purdue University
IDIS 240 Exam 2 Questions And Answers Latest Update
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Solution 2024/2025Pepper
IDIS 240 Exam 2 Questions And Answers Latest
Update
____ ____ is the Manufacturer's nationally advertised price (not usually the
amount paid due to fluctuations and/or discounts). ANS✔✔ List Price
n% the Xth and Yth, net Zth means that a ______ of n% is applied on the
product, with two conditions:
The _____ is for invoices in the first half of the month, with the invoice paid
by date Y of the following month.
The _____ concerns invoices from the second half of the month, with it being
paid by date X the following month. ANS✔✔ discount;latter;former
while ____ prices is a surefire way to increase EBITDA for your company,
cutting ____ and ____ cumulatively provide the highest EBITDA increase.
ANS✔✔ raising;cogs;expenses
Amount that appears on invoice (amount paid by customer)
_______ ______ = [List Price] - [Trade Discounts] ANS✔✔ Selling Price
Customer doesn't pay full selling price and cash discount is announced to
pay bill ASAP
__ _____ = [Sell Price] - [Cash Dcounts] ANS✔✔ Net Price
, Solution 2024/2025
Pepper
Actual amount received by distributor after all adjustments have been made
to net price
__ ___ = [Net Price] - [Adjustments] ANS✔✔ Net Sale
Adjustments made to net price usually include the following reasons:
1. Product _________
2. Different product quality or ____ than as-ordered
3. _______ goods Returned by customer ANS✔✔ subs;specs;damaged
(abbrev.) The cost of merchandise as well as the freight needed to ship it is
collectively referred to as the ____ . ANS✔✔ COGS
Cost to move item from where manufactured to either distributors location
or customers location ANS✔✔ Freight
_______ and ____ - manufacturer pays for freight up-front but charges for it in
bill ANS✔✔ prepaid;bill
manufacturer pays the freight in ____ quantities and _______ - price
transportation systems ANS✔✔ bulk;lowest
FOB - ______ _____ Manufacturer loads merchandise on truck; the rest of the
freight expenses are covered by the distributor. ANS✔✔ Shipping Point
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