| A | B |
|---|
| When processing a incoming purchase order, the first step is to | verify the customer's purchase order |
| Amounts of money owed to a business by the company's customers are called | accounts receivable |
| Shipping rates at 18 Wheeler Truck Lines are abased on the weight of each shipment and whether or not the freight is | retail or wholesale |
| A non-profit business may be exempt from | sales tax |
| Amounts of money coming into and going out of the company are called | cash flow |
| Purchase orders are prepared by the | buyer |
| A form sent with a check when the cusotmer pays an invoice is called the | remittance slip |
| Commissions earned may be listed on a/an | service invoice |
| The terms on a purchase order have to do with the method of | payment |
| Until an invoice has been paid by a customerm, you should keep your copy of the invoice in the | Pending File |
| If Popular Designs bills a customer for the design of a dress, the manager of Popular Designs should send a/an | service invoice |
| Before paying an item invoice, a manager should wait until he or she has recieved the | shipment |
| An employee who need office supplies requests them on a/an | requistion |
| A business shipping via 18 Wheeler Truck Lines must prepare a | bill of lading |
| The price for one item is called the | unit price |
| Retailers and wholesalers are also called | suppliers |
| What is listed on an item invoice that is not shown on a purchase order? | sales tax |
| When goods are sold for resale, wholesalers do not charge | sales tax |
| Businesses that sell on a cash-and-carry basis only do not sell | on credit |
| A business that sells merchandise in small quantities to consumers or the general public is called a | retailer |
| A fee earned based on a percentage of the sale is called a/an | commission |
| Item invoices are prepared by the | seller |
| The amount charged for 6 cases of computer paper @ $84.90 each is | $509.40 |
| The sales tax (6%) on an item that costs $250 is | $15 |
| What is the total charge on an item invoice for 2 mop buckets @ $101 each if the sales tax is 6% and the shipping charges are $20.95? | $235.07 |
