Examlex
If creditors give you no credit for payments made during the billing period,it is called the adjusted balance method.
2/10, N/30
A payment term indicating that a buyer can take a 2% discount on the invoice amount if payment is made within 10 days; otherwise, the net amount is due in 30 days.
Sales Return
goods returned by the customers to the seller after the sale, reducing the gross sales figure.
Gross Profit
The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Net Sales
The revenue a company earns from sales after subtracting returns, allowances for damaged or missing products, and discounts.
Q17: The waiting period in disability income insurance
Q29: Mediation involves a legally binding decision by
Q35: All-in-one accounts may be used by financial
Q37: A 32-ounce package selling for $1.60 would
Q49: An itemized deduction of $500 with a
Q58: Long-term care insurance was virtually unknown 25
Q77: Brian Williams has a piece of paper
Q83: The purpose of a counteroffer is to:<br>A)negotiate
Q97: John Camey has a life insurance policy
Q114: Unfortunately,most salaried workers in the United States