In a Credit Sales Environment, the Documents That Serves as the Basis

question 5

Multiple Choice

In a credit sales environment, the documents that serves as the basis for internal processing of an order is:

• A) customer order.
• B) sales order.
• C) dispatch note.
• D) sales invoice.

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Definitions:

APR

Annual Percentage Rate, the annual rate charged for borrowing or earned through an investment, accounting for compounding.

EAR

Effective Annual Rate, the actual return on an investment when compounding interest is taken into account over a one-year period.

Geometric Mean Return

The geometric mean return, for investment performance, is the compound annual growth rate (CAGR) of an investment, calculated by taking the nth root of the total returns, where n represents the number of periods.

Treasury Bonds

U.S. government debt securities with a maturity of more than ten years, offering fixed interest payments.