Which of the Following Is a True Statement About Sales

question 71

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:

Sexual Conflict

The evolution of phenotypic characteristics that confer a fitness benefit to one sex but a fitness cost to the other.

Senescence

Refers to the deterioration in the biological functions of an organism as it ages.

Longevity

The length of time that an organism, material, or object is expected to live or last.

Aging Processes

The biological and physiological changes that occur in organisms as they grow older, leading to a decline in function and increased vulnerability to disease.