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IDIS 240 Vestal Exam 2 Questions And
Answers 100% Pass.
NPBT - Answer✔Net profit before tax=EBIT- Interest
NPAT - Answer✔Net profit after tax=NPBT- taxes
SGA - Answer✔Selling General and Administrative expenses
EBITDA - Answer✔Earnings before interest, taxes depreciation and amortization
GMROII - Answer✔Gross margin return on inventory investment
EBIT - Answer✔Earnings before interest taxes
UOM - Answer✔Unit of measure
OEM - Answer✔Original equipment manufacturer
MRO - Answer✔Maintenance repair and operations
Agent - Answer✔Very similar to a manufacturing sale representative that usually represents
multiple companies. May call on distributors, end users, specifiers, and manufacturers. Rarely
stock but never own products.
List Price - Answer✔Listen price of the product
Selling Price - Answer✔the amount that appears on the invoice (amount paid by customer)
Selling price= list price- trade discounts
Net Price - Answer✔Customer doesn't pay the full selling price and a cash discount is announced
to pay the as soon as possible
Net price= selling price- cash discounts
Net Sale - Answer✔Actual amount received by the distributor after all adjustments are made to
the net price.
3 Types of adjustments - Answer✔1. Substitutions
2. Different quality or specifications than those that are ordered
3. Damaged or returned goods by the customer
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IDIS 240 Vestal Exam 2 Questions And
Answers 100% Pass.
NPBT - Answer✔Net profit before tax=EBIT- Interest
NPAT - Answer✔Net profit after tax=NPBT- taxes
SGA - Answer✔Selling General and Administrative expenses
EBITDA - Answer✔Earnings before interest, taxes depreciation and amortization
GMROII - Answer✔Gross margin return on inventory investment
EBIT - Answer✔Earnings before interest taxes
UOM - Answer✔Unit of measure
OEM - Answer✔Original equipment manufacturer
MRO - Answer✔Maintenance repair and operations
Agent - Answer✔Very similar to a manufacturing sale representative that usually represents
multiple companies. May call on distributors, end users, specifiers, and manufacturers. Rarely
stock but never own products.
List Price - Answer✔Listen price of the product
Selling Price - Answer✔the amount that appears on the invoice (amount paid by customer)
Selling price= list price- trade discounts
Net Price - Answer✔Customer doesn't pay the full selling price and a cash discount is announced
to pay the as soon as possible
Net price= selling price- cash discounts
Net Sale - Answer✔Actual amount received by the distributor after all adjustments are made to
the net price.
3 Types of adjustments - Answer✔1. Substitutions
2. Different quality or specifications than those that are ordered
3. Damaged or returned goods by the customer
1|Page
