Examlex
Which of the following would be classified as direct materials for an auto manufacturer?
Accounts Receivable
Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.
Sales
The total revenue earned from the sale of goods or services by a company during a specified period.
Net Price Method
An accounting method that records purchases at the net cost, after deducting any purchase discounts, rather than recording them at the gross cost.
Cash Discounts
Reductions in the price of goods or services offered to customers as an incentive for early payment.
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