Examlex
_____ contributes to the poor fit between adolescents' needs and the traditional structure of high schools.
Terms 2/15
A payment term indicating that a buyer can take a 2% discount on the invoice amount if the payment is made within 15 days of the invoice date.
Net 45
This payment term requires the buyer to pay the total net amount due within 45 days after the invoice date or goods receipt.
Income From Operations
Earnings derived from a company's primary business activities before taxes and extraordinary items.
Periodic Inventory System
An accounting method where inventory is updated in the accounting records periodically, often used by smaller businesses due to its simplicity.
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