Which of the Following Is a TRUE Statement About Sales

question 144

Multiple Choice

Which of the following is a TRUE statement about sales?

• A)Net revenue is gross revenue plus sales discounts less sales returns and allowances.
• B)Sales discounts are offered to customers in order to speed up cash flow.
• C)Sales returns and allowances increase a company's profit.
• D)Retailers do not generally record sales returns and allowances in a separate account.

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Definitions:

FASDs

Fetal Alcohol Spectrum Disorders; a range of effects that can occur in a person whose mother drank alcohol during pregnancy.

High Blood Sugar

A condition also known as hyperglycemia, where an excessive amount of glucose circulates in the blood plasma, often associated with diabetes.

Lifelong Disorders

Health conditions or illnesses that are present for the duration of a person's life, requiring ongoing management and care.

Improved Mental Capacity

Refers to enhancements in cognitive functions such as memory, focus, and problem-solving, often resulting from physical activity, nutrition, or cognitive training.