A(n) ____________________ File Is Simply Data Separated by Commas

question 15

Short Answer

A(n) ____________________ file is simply data separated by commas.

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Definitions:

Selling Price

The amount of money charged to the buyer for a product or service, typically set above the cost to include a profit margin.

Credit Terms

The conditions under which a seller will extend credit to a buyer, including the repayment period, interest rate, and the amount of payment.

Net 20

A payment term indicating that the full payment is due within 20 days from the invoice date.

2/10

A common trade credit term indicating a 2% discount if payment is made within 10 days; otherwise, the full amount is due in 30 days.