The Amounts for Sales Returns and Allowances, Sales Discounts, and Net

question 55

True/False

The amounts for sales returns and allowances, sales discounts, and net sales added together equal gross sales.

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Definitions:

Twisted-Pair Cable

Cable made of copper wires that are twisted around each other and are surrounded by a plastic jacket (such as traditional home phone wire).

Coaxial Cable

A single copper wire surrounded by layers of plastic insulation, metal sheathing, and a plastic jacket; used mainly in cable television and cable Internet service.

Network Adapter

A hardware component that connects a computer or other device to a network, allowing it to communicate with other devices and access shared resources.

DSL Modem

A device that connects a computer to the internet over a telephone line using Digital Subscriber Line technology.