Text Attribute Buttons Only Apply Text Attributes, but Do Not

question 29

True/False

Text attribute buttons only apply text attributes, but do not remove them.

---

Definitions:

Discount Policy

A company's strategy regarding the conditions under which discounts are offered to customers, affecting sales volume, revenue, and cash flows.

Credit Terms

Refers to the conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and due dates.

Net 45

A term indicating that payment is due 45 days after the invoice date.

Average Collection Period

The average number of days that it takes for a business to receive payments owed by its customers, calculated by dividing the accounts receivable balance by the average daily sales.