Examlex
Suppose working outside on a hot day someone generate 450 J of heat each second.If this energy is compensated for by the evaporation of sweat,how much water would be lost in an hour? The latent heat of fusion for water is 334 kJ/kg and for vaporization is 2,200 kJ/kg.
Cash Discount
A cash discount is a reduction in the price of goods or services allowed by the seller to encourage prompt payment by the buyer.
FOB Shipping Point
A term used in shipping agreements indicating that the buyer assumes responsibility and ownership of goods once they leave the seller's premises.
Perpetual Inventory System
An accounting method that continuously updates inventory records for every purchase and sale.
Credit Memo
A document issued by a seller to a buyer, reducing the amount that the buyer owes due to a return or refund.
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