A Purchase _______ is a cash discount claimed by the Buyer for the prompt payment of their bill/invoice.
FOB __________ are freight terms where (1) the Buyer is responsible for freight costs and (2) ownership of the goods being transported passes to the Buyer once they leave the Seller's loading dock.
A Purchase ______ is a return of merchandise for a cash or credit refund.
The Discount ______ is a timeframe where a Buyer can receive a discount on the merchandise they've purchased if they pay their invoice early.
Abbreviated as FOB.
The ________ inventory system does not keep detailed records throughout the accounting period, but determines the cost of goods sold at the end of the accounting period.
A deduction to the sales price of the merchandise to keep the Buyer from returning their purchase.
Net Sales - Cost of Goods Sold = ___________
The total cost of merchandise sold during an accounting period (abbreviated as COGS).
A document that supports each credit sale.
Specify the amount of the cash discount a Buyer will receive IF they pay their invoice within the "discount period".
Down
A ______ _______ Account is an account that offsets against a revenue account on the income statement.
The primary source of revenue in a merchandising company.
A _________ inventory system keeps detailed records of the cost of each inventory purchase and sale. The records also show the current inventory that should be on hand at any given time.
FOB ___________ are freight terms where (1) the Seller is responsible for freight costs and (2) ownership of the goods being transported passes to the Buyer once the goods reach the Buyer's destination.
Operating _______ are expenses that are incurred in the process of earning sales revenue.
____________ Activities are various revenues, expenses, gains, and losses that are unrelated to a company's main line of operations.
______-______ Income Statement shows several steps in determining net income.
Sales _______ and __________, from the Seller's perspective are the same thing as Purchase Returns and Allowances.
A Purchase _______ is documentation that supports each credit purchase.
A _____ discount is a reduction given by the Seller for prompt payment of a credit sale by the Buyer.
______-____ Income Statement shows only one step in determining net income.
______ from Operations is income from a company's principal operating activity. It is calculated by: Net Sales - Cost of Goods Sold - Operating Expenses = _____________.
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When you hit the 'Arrange' button, our algorithm will try to arrange all your words on the grid, and will move words around to try to fit the most words.
This will get all the words on the grid about 90% of the time, depending on the word list. For the other 10%, you will get an alert explaining that the words that did not fit were added to the scratchpad.
It prints on two pages.
Big puzzles won’t always print on one page — the clues and grid are the smallest we could make them while keeping them readable for everyone.
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