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| Questão | Responda |
| Cash Discount | Savings that result from early payment by taking advantage of discounts offered by the seller. |
| Chain Discounts | Two or more trade discounts that are applied to the balance remaining after the previous discount taken. |
| Complement | 100% less the stated percent. |
| Credit Period | Credit days are counted from date of invoice. |
| Discount Period | Amount of time to take advantage of a cash discount. |
| Due Dates | Maturity date, or when the note will be repaid. |
| End of Credit Period | Last day from date of invoice when customer can take cash discount. |
| End of Month (EOM) | Cash discount period begins at the end of the month invoice is dated. After the 25th discount period, one additional month results. |
| FOB Destination | Seller pays cost of freight in getting goods to buyer's locations. |
| FOB Shipping Point | Buyer pays cost of freight in getting goods to his location. |
| Freight Terms | Determine how freight will be paid. Most common freight terms are FOB shipping point and FOB destination. |
| Invoice | Document recording purchase and sales transactions. |
| List Price | Suggested retail price paid by customers. |
| Net Price | List price less amount of trade discount. The net price is before any cash discount. |
| Net Price Equivalent Rate | When multiplied times the list price, this rate or factor produces the actual cost to the buyer. Rate is found by taking the complement of each term in the discount and multiplying them together. Do not round off. |
| Ordinary Dating | Cash discount is available within the discount period. Full amount due by end of credit period if discount is missed. |
| Receipt of Goods (ROG) | Used in calculating the cash discount period; begins the day that the goods are received. |
| Series Discounts | Two or more trade discounts that are applied to the balance remaining after the previous discount is taken. |
| Single Equivalent Discount Rate | Rate or factor as a single discount that calculates the amount of the trade discount by multiplying the rate times the list price. This single equivalent discount replaces a series of chain discounts. The single equivalent rate is (1 - Net price equivalent rate). |
| Single Trade Discount | Company gives only one trade discount. |
| Terms of the Sale | Criteria on invoice showing when cash discounts are available, such as rate and time period. |
| Trade Discount | Reduction off original selling price (list price) not related to early payment. |
| Trade Discount Amount | List price less net price. |
| Trade Discount Rate | Trade discount amount given in percent. |
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