Examlex
Businesses invest time and money in social networking to increase profit margins per sale.
Deferred Revenue
Income received in advance for products or services which is recorded as a liability until it is earned.
Sales Returns
Transactions where customers return previously purchased merchandise, leading to a reversal of revenue previously recognized.
Purchase Discount
A reduction in the purchase price, offered by the seller to the buyer, as an incentive for early payment.
Terms 2/10 n/30
Payment terms indicating a 2% discount if paid within 10 days, otherwise the full amount is due within 30 days.
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