Examlex
Which of the following statements about the movie industry is not true?
FOB Destination
A shipping term indicating that the seller bears the transportation cost and risk until the goods are delivered to the buyer's location.
Sales Discount
A sales discount is a reduction in the price of goods or services offered by a seller to a buyer, typically to encourage early payment or bulk purchases.
Perpetual Inventory
An inventory system that updates item records continuously as transactions occur.
2/10, n/30
A common credit term indicating that a buyer can take a 2% discount on the invoice price if payment is made within 10 days; otherwise, the net amount is due in 30 days.
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