$$\text { Match each of the following items } ( a - h ) \text { with the appropriate definition below. }$$

question 44

Short Answer

$$\text { Match each of the following items } ( a - h ) \text { with the appropriate definition below. }$$
-Informs the seller of the reasons for the return of merchandise or the request for a price allowance.
a. $\quad$ Freight
b. $\quad$ Delivery Expense
c. $\quad$ Merchandise Inventory
d. $\quad$ Sales discount
e. $\quad$ Purchases Returns and Allowances
f. $\quad$ Debit memo
g. $\quad$ Purchase discount
h. $\quad$ Trade discount

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Definitions:

Cumulative Net Profit

The total amount of profit after all expenses have been deducted, accumulated over a period of time.

Probability

The calculation of the probability of an event's occurrence, denoted by numbers between 0 and 1.

Tornado Chart

A type of bar chart where variables are displayed horizontally, typically showing the impact of variables in a sensitivity analysis.

Crystal Ball

In a figurative sense, a tool or method used to predict future events or outcomes, often associated with uncertainty.