Examlex
Simplify the expression.
Cost of Goods Sold
The direct costs tied to the production of goods sold by a company, including materials and labor.
Credit Terms
Credit terms are the payment conditions set by businesses regarding when and how buyers should pay for goods or services, often specifying the period and any discount for early payment.
Early Payment Discount
An incentive offered by sellers to buyers for paying an invoice earlier than the stated due date to improve cash flow.
Trade Discount
A reduction in the list price granted to customers, often based on volume of purchase or early payment, and not recorded separately in financial accounts.
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