Chapter 7 Key Terms | Flashcards

Flashcards by Laney Feek, created 4 months ago

Chapter 7 of Practical Business Math Procedures covers trade and cash discounts. It goes over terms and concepts related to discount rates, discount dating, and important terms and formulas related to discounts.

	Created by Laney Feek 4 months ago

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Cash Discount

Chain Discounts

Complement

Credit Period

Discount Period

Due Dates

End of Credit Period

End of Month (EOM)

FOB Destination

FOB Shipping Point

Freight Terms

Invoice

List Price

Net Price

Net Price Equivalent Rate

Ordinary Dating

Receipt of Goods (ROG)

Series Discounts

Single Equivalent Discount Rate

Single Trade Discount

Terms of the Sale

Trade Discount

Trade Discount Amount

Trade Discount Rate