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COGNITIVE ASSESSMENT If your instructor turns on his computer and then starts a web browser, what contents are in RAM?
Gross Sales
The total sales revenue of a company before any deductions for returns, allowances, or discounts.
Net Sales
The total revenue from sales after deducting returns, allowances for damaged or missing goods, and discounts.
Sales Discounts
Concessions granted by sellers to buyers as an incentive to encourage prompt payment, recorded as a deduction from revenue.
Sales Returns and Allowances
A reduction in sales revenue due to the return of or allowances for unsatisfactory goods.
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