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-The letter D on this figure is pointing to the
Trade Discount
A reduction in the listed price of a product or service, offered by sellers to buyers in the business-to-business market to encourage purchases in large quantities.
Catalog Price
The listed price of goods or services in a supplier's catalog, not including any discounts or promotions.
Credit Terms
The conditions under which credit will be extended to a customer, including the repayment period and any discounts for early payment.
Multiple-Step Income Statement
An income statement that shows multiple steps in determining net income, including gross profit, operating income, and other incomes and expenses.
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