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Exhibit 4-1
-If the price of the good described in Exhibit 4-1 is $1.20, then there is a
Interest Revenue
Income earned from lending investments or extending credit, typically expressed in monetary terms.
Percent of Sales Method
A financial forecasting method that estimates various income statement and balance sheet lines as a percentage of projected sales.
Bad Debts Expense
The cost associated with accounts receivable that are not expected to be collected.
Net Credit Sales
The total value of sales made on credit minus returns and allowances, representing actual sales revenue earned and expected to be collected.
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