PURCHASE DISCOUNT Definition

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PURCHASE DISCOUNT is a reduction in the purchase price, allowed if payment is made within a specified period.

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DISCRETIONARY SPENDING consists of US government expenditures that are set on an annual basis. It is a budget that members of Congress can adjust on a yearly basis. Examples of discretionary spending in the United States:

-defense budget
-education
-Environmental Protection Agency
-Department of Veterans Affairs

When looking to cut costs, lawmakers usually look to trimming discretionary spending. See MANDATORY SPENDING.

TRANSPORTATION OUT is part of cost of selling therefore included as selling expense, i.e. part of SG&A.

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