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Lisa divides the net profit from sales by total amount of sales.What is Lisa calculating?
Bonds Payable
Long-term liabilities representing money a company owes to bondholders, to be repaid at some future date plus interest.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, included on the income statement.
Semi-Annually
Occurring twice a year or every six months, typically used in relation to payments, reports, or interest accruals.
Instalment Payments
Payments made regularly over a period of time to settle a debt.
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