Chapter 7 and 8 key terms

Cash Discount

Chain Discounts

Complement

Credit Period

Discount Period

Due Dates

End of Credit Period

End of Month

FOB Destination

FOB Shipping point

Freight Terms

invoice

List Price

Net Price

Net Price Equivalent Rate

Ordinary Dating

Receipt of Goods

Series Discounts

Single Equivalent Discount Rate

Single Trade discount

Terms of the Salw

Trade discount

Trade discount amount

Trade Discount rate

Breakeven point

Contribution Margin

Cost

Dollar Markdown

Dollar Markup

Fixed Costr

Gross Profit

Margin

Markdowns

Markup

Net Profit

Operating expenses

Percent Markup on COst

Percent markup on selling price

Perishables

Selling Price

Variable Cost