To Add a Deposit Amount to a Sales Order After

question 11

Multiple Choice

To add a deposit amount to a sales order after recording the order,you would -

• A)reverse the original order and create a new order with the deposit added
• B)bring the order to the screen and adjust it to change the payment method and enter the deposit amount
• C)bring the order to the screen,fill it and add the deposit as a partial payment
• D)you cannot change the payment method so you must enter the deposit in the receipts journal

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Definitions:

Monopoly Model

A market structure where a single firm controls the entire market supply of a product or service, facing no competition.

Price

The monetary value assigned to a product or service, determined by various factors including supply and demand, cost of production, and market competition.

Economic Profit

The disparity between total monetary gains and overall financial outlay, accounting for both clear and obscure costs.

Monopoly Model

A market structure where a single firm dominates the market, with no close substitutes for its product.