Payments Due in Daily Business Manager Lists Contain Date Information

question 29

Multiple Choice

Payments Due in daily business manager lists contain date information that shows -

• A) the number of days remaining till the invoice is due
• B) the date that the payment is due
• C) with negative numbers that the invoice is overdue
• D) with positive numbers that the discount is still available

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Definitions:

Construction Purchased Saws

The acquisition of saws for the purpose of using them in construction projects, considered a capital expense.

Preferred Customer

A customer who receives special benefits or discounts due to their status or purchasing history with a company.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Mark-up

The sum added onto the goods' cost price to account for overhead expenses and profit, which establishes the selling price.