When Rick Purchased a Xerox Color Printer for His Law

question 148

Multiple Choice

When Rick purchased a Xerox color printer for his law office,he was able to mail in a proof-of-purchase and his cash register receipt to receive a check from Xerox for $200.Rick received a:

• A) premium
• B) trade allowance
• C) purchase allowance
• D) rebate
• E) functional discount

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Definitions:

Revenues

The total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.

Total Variable Cost

The total variable cost is the sum of all variable expenses that change in proportion to the volume of output or production.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.