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A restaurant administered a survey to its customers asking them a single question: "How likely is it that you would recommend our restaurant to a friend or colleague?" It received the following scores: 8,3,6,10,8,4,9,10,7,9,5,9.What is the net promoter score (NPS) for the restaurant?
Gross or Net Basis
A method used in accounting to determine whether all revenues and costs or only the net difference is recorded.
SEC
The U.S. Securities and Exchange Commission, which is responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.
Revenue Recognition Irregularities
Deviations or non-compliance from standard accounting practices in acknowledging revenue, which can lead to misstated financial reports.
Negative Earnings
A financial situation where a company's expenses exceed its revenues, leading to a net loss in its income statement.
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