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Janice Is Opening a Golf Shop and Is Trying to Identify

question 108

Essay

Janice is opening a golf shop and is trying to identify how the company would gain revenue. What type of revenue stream could Janice's Golf Shop have?


Definitions:

Bond Discount

The difference between the face value of a bond and the price for which it is sold, when the bond is sold for less than its face value.

Operating Activities

Operating activities relate to the primary, day-to-day activities of a business such as selling products, manufacturing, and expenses related to administration.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

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