a written record of a sales transaction that includes such information as the date of the transaction, the items purchased, the purchase prices, sales tax, and the total amount due
What is a sales check
100
a partial return of the sale price for merchandise that the customer has kept
What is an allowance
100
merchandise that customer brings back to a store and replaces with other merchandise is called
What is an exchange
100
On a purchase order, the ____ number is a vendor's catalog designation that identifies the merchandise being ordered.
What is an item
100
What are four ways to safeguard against counterfeiting and theft from the till?
What are counterfeit pens, be observant, lock register when not using it, stay updated on currency
200
removing merchandise from stock and keeping it in a separate storage area until the customer pays
What is layaway
200
a combination bar code and number used to identify a product and manufacturer
What is a Universal Product Code (UPC)
200
Luc is a purchasing agent for a printing company. He ordered paper from Pine Tree Mills. The dating terms of the contract were 3/10, net 30. Luc received the paper shipment on July 6. ____ __ was the last date on which Luc could take advantage of the discount
What is July 16
200
Mareesha received a lovely vase as a birthday present. Unfortunately, what Mareesha really needed was a frying pan. She returned the vase, priced at $85, to the department store and bought a frying pan at the same store for $71. Assuming that sales tax is 7 percent, Mareesha's cash refund should be ______.
What is $14.98
200
What are two things about tax that your notes talked about?
What are differs from state to state, is paid only by the final user or consumer, or internet sales tax is much higher
300
an agreement permitting a customer to take merchandise home for further consideration
What is an on-approval sale
300
a limited amount of money for the cash register that a manager will usually provide
What is an opening cash fund
300
At times, an electronic wand or scanner cannot read a product code. The salesperson must then enter sales transaction information into an electronic cash register by means of ______ key entry.
What is manual
300
A transaction in which a customer pays for a purchase with a check is called a ____ sale.
What is cash
300
List the seven types of retail sales.
What are credit, debit, layaway, check, cash, on-sales appoval, COD
400
a transaction that occurs when a customer pays for merchandise at the time of delivery
What is a cash-on-delivery (COD) sale
400
a legal contract between the buyer and the supplier
What is purchase order (PO)
400
A customer gives a salesperson $14.25 to pay for a purchase of $11.17. The customer should receive _____ in change.
What is $3.08
400
A written record of a sales transaction is called a sales _____.
What is check
400
Class you in, son?
What is Marketing I
500
a percentage fee placed by the government on the sale of goods and services
What is sales tax
500
an itemized list of goods that includes prices, terms of sales, total, taxes and fees, and amount due
What is an invoice
500
Mrs. Wong is a regular customer at the Elegance Dress Shop. She will often select three dresses form the store's newest merchandise, take them home, choose the ones she prefers, and return to the store to pay for her purchases within three days. Elegant Dress Shop allows Mrs. Wong the privilege of an ___________ sale.
What is an on-approval
500
What should you do when a customer interrupts you with a question while you are making change?
What is ignore the interruption
500
What are four advantages of debit cards?
What are convenience for customers, no hassle of checks or carry large amounts of cash, merchants have access to the money sooner, no risk of insufficient funds