Match the Terms with the Descriptions Related to Merchandise Sales

question 6

Multiple Choice

Match the terms with the descriptions related to merchandise sales and purchases.
-Paid for merchandise outside of the discount period.

• A)Transportation-in
• B)Perpetual inventory system
• C)Net purchases
• D)FOB destination
• E)Cost of goods available for sale
• F)Periodic inventory system
• G)FOB shipping point
• H)Delivery expense

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Definitions:

Net Operating Income

The total profit a company makes from its operations, excluding taxes and interest.

Fixed Monthly Expenses

Recurring expenses that do not vary in amount each month, such as rent or mortgage payments.

Net Operating Income

Earnings from a company's everyday business operations, excluding extraordinary items and other non-operating expenses.

Marketing Manager

A marketing manager is a professional responsible for developing, implementing, and executing strategic marketing plans for an entire organization or lines of business to attract potential customers and retain existing ones.