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When it came time to buy a new backpack,Maria selected from four different brands.These are the only backpacks she considered.They make up her:
Freight In
The cost of transporting goods into a business, typically considered as part of the cost of goods purchased.
Quantity Discounts
Price reductions given to customers who purchase large quantities of a product, encouraging bulk buying.
Perpetual Inventory System
A process in accounting for inventory that instantly logs purchases or sales via computerized point-of-sale systems and enterprise asset management programs.
Journal Entry
A record in accounting that notes every financial transaction of a business in chronological order.
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