Examlex
Solve the equation. Apply the distributive property to remove the parentheses, then simplify each side before using the addition property of equality.
Net Sales
The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.
Accounts Receivable
The money owed to a company by its customers for goods or services delivered or used but not yet paid for.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.
Net Credit Sales
The total value of sales made on credit during a period, minus any sales returns or allowances.
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