1 Exampromax - Stuvia US 2025/2026
IDIS 240 Vestal Exam 2 Questions and
Answers (100% Correct Answers) Already
Graded A+
GMROII
Ans: Gross margin return on inventory investment
COGS
Ans: Cost of goods sold
FOB
© 2025 Assignment Expert
Ans: "Free on Board'
Exampromax - Stuvia US
FOB Destination
Ans: Manufacturer pays for the freight
FOB /shipping point
Ans: Distributor pays for freight
SGA
Ans: Selling general and administrative expense
EBITDA
Ans: Earnings before interest, taxes, depreciation, and amoritization
NPBT
Ans: Net profit before taxes
NPAT
Ans: Net profit after taxes
What's an agent
, 2 Exampromax - Stuvia US 2025/2026
Ans: -Usually represents multiple companies each of which whose sales in a
given territory do not support a full salaried employee
-May call on distributors, end users, specifiers, and manufacturers
-Usually complimentary products
-Do not stock inventory; typically
Service Outputs of a distributor
Ans: inventing, selling, transportation, servicing, credit
Accounts payable
Ans: Money distributor owes manufactuer
Accounts receivable
© 2025 Assignment Expert
Ans: money customers owe us
Exampromax - Stuvia US
Deviations from standard COGS
Ans: OEM - Negotiate prices
Ship from stock to debit
construction projects
meet competition
meet budget
reduction in value
Breaking Bulk
Ans: dividing larger quantities of goods into smaller lots in order to meet the
needs of buyers
Consignment
Ans: Goods that are given to a business to sell but for which title to the goods
remains with the vendor
GMROI
Ans: Gross Margin Return on Investmen
GMROI= (GM/Net sales) * (Net Sales/ Avg Inventory
FOB
Ans: "Free on Board"
IDIS 240 Vestal Exam 2 Questions and
Answers (100% Correct Answers) Already
Graded A+
GMROII
Ans: Gross margin return on inventory investment
COGS
Ans: Cost of goods sold
FOB
© 2025 Assignment Expert
Ans: "Free on Board'
Exampromax - Stuvia US
FOB Destination
Ans: Manufacturer pays for the freight
FOB /shipping point
Ans: Distributor pays for freight
SGA
Ans: Selling general and administrative expense
EBITDA
Ans: Earnings before interest, taxes, depreciation, and amoritization
NPBT
Ans: Net profit before taxes
NPAT
Ans: Net profit after taxes
What's an agent
, 2 Exampromax - Stuvia US 2025/2026
Ans: -Usually represents multiple companies each of which whose sales in a
given territory do not support a full salaried employee
-May call on distributors, end users, specifiers, and manufacturers
-Usually complimentary products
-Do not stock inventory; typically
Service Outputs of a distributor
Ans: inventing, selling, transportation, servicing, credit
Accounts payable
Ans: Money distributor owes manufactuer
Accounts receivable
© 2025 Assignment Expert
Ans: money customers owe us
Exampromax - Stuvia US
Deviations from standard COGS
Ans: OEM - Negotiate prices
Ship from stock to debit
construction projects
meet competition
meet budget
reduction in value
Breaking Bulk
Ans: dividing larger quantities of goods into smaller lots in order to meet the
needs of buyers
Consignment
Ans: Goods that are given to a business to sell but for which title to the goods
remains with the vendor
GMROI
Ans: Gross Margin Return on Investmen
GMROI= (GM/Net sales) * (Net Sales/ Avg Inventory
FOB
Ans: "Free on Board"
