The _________________________ Is the Proportion of Each Sales Dollar Available

question 138

Short Answer

The _________________________ is the proportion of each sales dollar available to cover fixed costs and provide for profit.

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Definitions:

Warranties On Presentment

Guarantees made concerning the validity, authenticity, and condition of a negotiable instrument when it is presented for payment or acceptance.

Payor

A payor, in financial transactions, is the party that makes a payment to another party, the payee, often in fulfillment of an obligation such as a bill, loan, or settlement.

Acceptor

The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.

Primarily Liable

Being the first or main party responsible for fulfilling an obligation or debt.