Vestal - Study guides, Class notes & Summaries

IDIS 240 EXAM 1 VESTAL Graded A+

IDIS 240 FINAL EXAM 2024- VESTAL QUESTIONS AND ANSWERS 100% ACCURATE Cash Flow Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price The retail price listed selling price list price - trade discounts Net price = selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) = Cost of Merchandise + Freight from Manufacturer Trade Discounts specify term of sale and change of price with how they see f...

IDIS 240 Final Exam – Vestal Solved 100% Correct!!

IDIS 240 EXAM 1 VESTAL 2024 ACTUAL GUIDE WITH REAL QUESTIONS AND ANSWERS FROM THE TEST;100% CORRECT OEM Original Equipment Manufacturer - buys the product and "rebrands" to sell as their own with warranty MRO Maintenance Repair Operation - people who fix something with a problem Contractor Person who provides supplies or service under contract Breaking bulk Shipping something in individual components 3PL 3rd Party Logistics Provider - specializes in warehousing and transportati...

IDIS 240 EXAM 1 VESTAL

OEM : Original Equipment Manufacturer - buys the product and "rebrands" to sell as their own with warranty MRO : Maintenance Repair Operation - people who fix something with a problem Contractor : Person who provides supplies or service under contract Breaking bulk : Shipping something in individual components 3PL : 3rd Party Logistics Provider - specializes in warehousing and transportation services that customize to customers based on market conditions RFID 2 | P a g e : Radi...

Cash Flow : Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price : The retail price listed selling price : list price - trade discounts Net price : = selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) : = Cost of Merchandise + Freight from Manufacturer Trade Discounts 2 | P a g e : specify term of sale and change of price with how they see fit. Cash Discounts : given to encourage buye...

List Price : Nationally Advertised Price Selling Price : List Price - Trade Discounts = COGS + Margin or = COGS + Markup Net Price : Selling price - all allowable discounts (cash discounts), equal to selling price IF NO DISCOUNTS Cost of Goods Sold (COGS) : Cost of Merchandise + Freight charges from Manufacturer Freight Cost 2 | P a g e : The cost of moving an item from where it was manufactured to either the distributor or the customer's location Free On Board (FOB) : - Comm...

Cash Flow - Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price - The retail price listed selling price - list price - trade discounts Net price - = selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) - = Cost of Merchandise + Freight from Manufacturer Trade Discounts - specify term of sale and change of price with how they see fit. Cash Discounts - given to encourage buyers to prom...

IDIS 240 Vestal Exam 2 with Complete Solutions