QUESTION 1The price at which the product should be sold to t

QUESTION 1The price at which the product should be sold to the consumer is called the _______ price.retailer’slistmanufacturer’sraw material10 points  QUESTION 2The amount deducted when a manufacturer sells an item to the wholesaler is called the ____________.markupmarkup ratetrade discountbonus10 points  QUESTION 3Discounts that are deducted one after the other from the list price are called _______________.trade discount seriesinconsequential trade discountsspontaneous trade discountsearned trade discounts10 points  QUESTION 4When the decimal equivalents of the complements of the discount rates are multiplied to give a single decimal, this single decimal is called the ___________________.markupnet decimal equivalentmarkdownasset depreciation10 points  QUESTION 5A reduction of the amount due on an invoice is called a(n) ______________.trade discountnet discountcash discountunearned discount10 points  QUESTION 6EOM means _____________.extra on merchandiseend of Mayend of monthend of money10 points  QUESTION 7ROG means __________________.rejection of goodsrate of goodsroster of goods    *receipt of goodsreceipt of goods10 points  QUESTION 8In the case of partial payments, the ________________ is the partial payment plus the partial cash discount.amount receivedamount returnedamount creditedamount displaced10 points  QUESTION 9The terms of freight shipment are indicated on a document called a _______________.bill of ladingnotice of freightnotice of weightcharge for freight10 points  QUESTION 10If the freight is paid by the buyer, the bill of lading is marked ____ point.FOS shippingFOT destinationFOB shippingFOL destination