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Setting the tone includes all of the following except:
Credit Sales
Sales made by a business for which payment is received at a later date, as opposed to immediate cash sales.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including repayment timelines, interest rates, and penalties for late payments.
Net 30
A trade credit term indicating that payment in full is expected within 30 days after the invoice date or goods are received.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.
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