Match the following statements to the appropriate terms. a reduction given by the seller for prompt payment of a credit sale. select the appropriate term provides support for a credit sale. select the appropriate term gross profit divided by net sales. select the appropriate term sales less sales returns and allowances and sales discounts. select the appropriate term specifies the amount of cash discount and time period during which it is offered. select the appropriate term net sales less cost of goods sold. select the appropriate term freight cost to deliver goods to customers reported as an operating expense. select the appropriate term requires a physical count of goods on hand to compute cost of goods sold. select the appropriate term a cash discount claimed by a buyer for prompt payment of a balance due. select the appropriate term an account that is offset against a revenue account on the income statement.