Starting off Easy
TERMS
Progressive Billing Cycles
Tricksters
Span Tech Just Wants To Have FUN
100
N15
Net 15 = Due in 15 Days
100
1/10 Net 30 Days
1% disc if paid in 10 days, otherwise NET 30
100
The Term code N30 gets this many progressive bills sent out
1
100
What do you do if your customers terms on their PO does not match the terms on our order verification?
A. Roll with it, it's close enough
B. Ask the customer to revise their PO based on our quoted terms or have their special terms approved.
C. I don't deal with the angry customers, so not my problem. 
Correct Answer= B
100
How many slices of pizza are eaten in the United States every second.?
A. 12
B. 100 Slices
C. 350 Slices
D. 900 Slices
350 Slices
200
N60
Net 60 = Due in 60 days
200
2% NET 10 Days, Net 30
2% Disc if paid in 10 days, otherwise NET 30
200
Net 10-40PN60 requires this much of a down payment with the PO
40% with PO / Remaining after ship Net 60
200
What is Span Tech's standard terms?
>25,000 = Net 30
25,000-50,000 = 25P75R
<50,000 = 10P40A40RNet60
200
In the city of Gainesville in Georgia, what does the law prohibit being eaten with a fork?
A. Peach Cobbler
B. Mac and Cheese
C. Fried Chicken
D. Corn Bread
Fried Chicken
300
N30
Net 30 = Due in 30 days
300
Net 10-40PN60
= 40%with PO (Net 10 Days to Pay) Remaining 60% after shipment (Net 60 Days to Pay)
300
For the Terms NET 10 - 40PN45 this percentage is billed after shipment
60%
40% with PO / Remaining after ship Net 45
300
25P75R
What does the "R" represent?
R = prior to shipping
300
How can you tell the age of a horse?
A. The length of its tail
B. The quality of its hooves
C. The clarity in its eyes
D. The lines on its teeth
The Lines on its Teeth
400
CIA
Cash in Advance
400
What does this term mean.?
.5% NET 10 Days, Net 30
1/2% Disc if paid in 10 days, otherwise NET 30
400
NET 10 - 40P40AN45 has what progressive billing schedule
40% with PO / 40% with approvals / remaining after ship NET 45
400
25P75
25P75R
What is the difference between the two?
25P75 = 25% at PO 75% after shipment
25P75R= 25% at PO 75% prior to shipment
400
What is the top-selling product at Walmart?
A. Diapers
B. Milk
C. Bananas
D. Sliced Bread
Bananas
*1.5 billion pounds a year
500
Customer's PO is for $52,199 what standard term would this customer receive?
Net 10 10P40A40RN60
500
What is this term?
Net 10-40P50AN3010N90
40% at PO net 10
50% at approval net 30
10% after shipment net 90
500
30P30A30RN30 has what progressive billing schedule
30% with PO
30% on approvals
30% BEFORE shipment
remaining to be NET 30
500
What largest manufacturing company produces the largest number of tires per year?
LEGO is one of the world's largest manufacturers of tires. They produce about 318 million tiny tires per year for their toy vehicles.
500
What sea creatures have been used in wars?
A. Jellyfish
B. Sharks
C. Dophins
D. Otters
Dolphins
*Used to detect and defend against enemy swimmers