Examlex
Social enterprise refers to the computer network a business uses to let employees communicate with others. _________________________
Credit Sales
Sales for which payment is not received immediately, but the buyer is extended credit to pay at a later date, affecting a company's cash flow and revenue recognition.
COGS
Cost of Goods Sold, which refers to the direct costs attributable to the production of the goods sold by a company.
Effective Annual Interest Rate
The actual return on an investment or the real cost of a loan, accounting for the compounding of interest over a year.
Line of Credit
A financial arrangement providing the borrower the right to draw funds up to a specified limit at any time within a fixed period.
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