Examlex
The price of an item on the retail market is called the:
Gross Method
An accounting method for recording purchases at the gross invoice amount before deducting any cash discounts for early payment.
Credit Terms
Conditions under which credit will be extended to a borrower, including the amount of credit, interest rate, and repayment schedule.
FOB Shipping Point
A term used in shipping contracts to indicate that the buyer is responsible for the cost of transporting the goods from the shipping point.
Invoice Amount
The total sum of money requested by a vendor from a purchaser for goods delivered or services provided.
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