Examlex
Match each definition to one of the following items.
-NEC
Bad Debt
Money owed to a company that is unlikely to be paid by the debtor, often considered a loss for the company.
Credit Policy
The guidelines a company follows to determine credit terms for customers, including payment terms, credit limits, and how to handle late payments.
Incremental Pre-tax Profits
Additional earnings before taxes that result from specific actions or decisions, used in investment appraisal.
Variable Costs
Variable costs are expenses that change in proportion to the activity of a business, such as sales volume or production levels.
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