To Access a Template from the Microsoft Office Online Web

question 18

True/False

To access a template from the Microsoft Office Online Web site, you need to be connected to the Internet, and then click the Microsoft Office button.

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Definitions:

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services received.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income.

Net Income

The amount of earnings remaining after all expenses, including taxes and operational costs, have been deducted from total revenue; a measure of company profitability.

Revenues

The amounts earned and recorded from a company’s day-to-day business activities, mostly when a company sells products or provides services to customers or clients.