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Cash Only Credit Policy
A policy where a company or business does not extend credit to customers and requires payment in cash at the point of sale.
Monthly Interest Rate
The interest rate applied to a loan or debt for one month, often used to calculate the monthly interest payments.
Variable Cost
A variable cost varies with the level of output or sales, meaning it increases as production increases and decreases as production decreases.
Net 30 Policy
A term indicating that payment is due in full 30 days after the goods are delivered or the service is completed.
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