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Case 15-1 Joshua is working on a group project and wants to create a document to help his group get organized. He wants to include a schedule, a calendar, and a contacts list. Joshua created the contact list with columns of names and telephone numbers aligned with tabs. He decides he would rather have it formatted as a table. Which command should he use?
Contra-Revenue
Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, such as sales returns, allowances, and discounts.
Operating Expense
Costs related to the daily operations of a business, excluding the cost of production.
Credit Terms
The payment terms and conditions agreed upon by the buyer and seller, detailing the time period in which the buyer must pay the seller for the goods or services received.
Merchandise
Goods that are purchased, held, and resold by a business in the normal course of its operations.
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