Examlex
Existing management of a firm is almost always ready to accept an offer for the purchase of the firm at a price above the market.
2/10, N/30
A payment term indicating that a buyer can take a 2% discount on the invoice amount if payment is made within 10 days; otherwise, the net amount is due in 30 days.
Sales Return
goods returned by the customers to the seller after the sale, reducing the gross sales figure.
Gross Profit
The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Net Sales
The revenue a company earns from sales after subtracting returns, allowances for damaged or missing products, and discounts.
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