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If a decision model has one variable with a certain/deterministic input value and another variable with a random/probabilistic input,then the outcome of this model which is based on both variables will be probabilistic.
Gross Sales
The total sales revenue of a company without deducting any sales returns, allowances, or discounts.
Sales Returns and Allowances
Transactions where customers return goods or receive discounts due to issues, reducing total sales revenue.
Contra-Revenue Accounts
Accounts that are used to record reductions in gross revenue, such as sales returns and allowances, and discounts.
Sales Discount
A reduction in price given by a seller to a buyer, often to encourage prompt payment.
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