Trade discounts - Study guides, Class notes & Summaries

Cash Flow - Answer-Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price - Answer-The retail price listed selling price - Answer-list price - trade discounts Net price - Answer-= selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) - Answer-= Cost of Merchandise + Freight from Manufacturer Trade Discounts - Answer-specify term of sale and change of price with how they see fit. Cash Discounts - Ans...

IDIS 240 FINAL EXAM UPDATED ACTUAL Questions and CORRECT Answers List Price - CORRECT ANSWER- Listed price of a product Selling Price - CORRECT ANSWER- -=list price - trade discounts -the amount that appears on the invoice (amount paid by the customer) -=COGS + Margin or =COGS +Markup

MGT 103 Midterm 1 DeMill questions and answers 100% correct 4 P's of Marketing Product, Price, Place, Promotion Question Marks Low share of high-growth market Stars High share of high-growth market Cash Cows generates large amount of cash Dogs Low share of slow-growth markets SWOT analysis strengths, weaknesses, opportunities, threats product features, brand name, packaging, service, warranty price list price, discounts, allowances, cred...

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

IDIS 240 Vestal Exam 2 Latest Update Graded A+ NPBT Net profit before tax=EBIT- Interest NPAT Net profit after tax=NPBT- taxes SGA Selling General and Administrative expenses EBITDA Earnings before interest, taxes depreciation and amortization GMROII Gross margin return on inventory investment EBIT Earnings before interest taxes UOM Unit of measure OEM Original equipment manufacturer MRO Maintenance repair and operations Agent Very similar to a manufacturing sale...

Credit sales are recorded as: correct answers Debit Accounts Receivable, credit Service Revenue Identify the likely disadvantage(s) of extending credit to customers: correct answers Delay or failure to collect cash Identify the condition(s) that must exist for a sale and the related receivable to be recognized: correct answers Collection of cash is probable & Goods or services have been provided to the customer The Sales Returns account is an expense account: correct answers False (S...

CSUF MKTG 351 Final Exam Review (Ron Imus MKTG 351 Final Exam Review) Rated 100% Correct!! Promotional Mix 1) advertising 2) public relations 3) sales promotions 4) personal selling 5) social media promotion Communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response promotional strategy a plan for the optimal use of the elements of promotion to elicit a particular response; main goal is to convin...

2023 AQA A-level ACCOUNTING 7127/1 Paper 1 Financial Accounting Question Paper & Mark scheme (Merged) June 2023 [VERIFIED] Please write clearly in block capitals. Centre number Candidate number Surname Forename(s) Candidate signature I declare this is my own work. A-level ACCOUNTING Paper 1 Financial Accounting Friday 26 May 2023 Morning Time allowed: 3 hours Materials For this paper you must have: • a calculator. Instructions • Use black ink or black ball-point pen. •...

MRO - maintenance, repair, and operations Selling price = - List Price - Trade Discounts Net Price = - selling price - allowable discounts (cash discounts) net sale - Actual money received after discounts and adjustments Cost of Goods Sold (COGS) = - Cost of Merchandise + Freight of Manufacturer FOB Shipping Point - Distributor/ Buyer pays for shipping and owns the product in transit Trade Discounts - Specified in term of sale. Offered by manufacturer due to fluctuations in mar...

IDIS 240 FINAL EXAM 2024- VESTAL QUESTIONS AND ANSWERS 100% ACCURATE Cash Flow Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price The retail price listed selling price list price - trade discounts Net price = selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) = Cost of Merchandise + Freight from Manufacturer Trade Discounts specify term of sale and change of price with how they see f...