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of 56 available terms

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5 Written Questions

5 Matching Questions

  1. Purchases Allowance
  2. Plant Assets
  3. Share of Stock
  4. Cash Discount
  5. Sales Discount
  1. a a cash discount on sales
  2. b incentive offered by a seller to a buyer for settling the invoice immediately on delivery or in a period substantially shorter than the conventional period in that industry or market.
  3. c Assets that will be used for a number of years in the operation of a business.
  4. d credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer's accounts payable.
  5. e each unit of ownership in a corporation.

5 Multiple Choice Questions

  1. a reduction in the list price granted to customers.
  2. The report that summarizes the cash and credit card sales of a point-of-sale terminal.
  3. An owner of one or more shares of a corporation.
  4. a business from which merchandise is purchased or supplies or other assets are bought.
  5. A cash discount on purchases taken by a customer.

5 True/False Questions

  1. Wholesale Merchandising Businessa business that buys and resells merchandise to retail merchandising businesses.

          

  2. Markupthe amount added to the cost of merchandise to establish the selling price.

          

  3. Merchandise Inventorygoods that a merchandising business purchases to sell.

          

  4. Retail Merchandising Businessa business that buys and resells merchandise to retail merchandising businesses.

          

  5. Merchandisegoods that a merchandising business purchases to sell.

          

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