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You are the owner and operator of a catering business.In addition to catering a wide variety of functions such as business meetings,weddings,birthday parties,you sell decorated cakes in your store.A particular business customer has signed a $12,000 contract for you to provide refreshments for its monthly business meetings with the total contract amount due at the contract signing.
Describe the rules you will follow in booking (i.e.,recording)the cake sales revenues and catering contracts such as the one described here.
Fences
Structures erected to enclose or delineate areas, or to prevent unauthorized access or egress.
Asset Turnover
A metric that evaluates how effectively a business utilizes its assets to produce sales income.
Net Sales
The revenue from sales after subtracting returns, allowances for damaged or missing goods, and discounts.
Decision Makers
Individuals or groups responsible for making choices and forming strategies within an organization.
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