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:

Primitive Types

Basic data types built into the language that include int, char, float, and boolean, among others.

Objects

Instances of classes that encapsulate data and functionalities together in object-oriented programming.

Method Signature

A method signature is the part of the method declaration that includes the method's name and parameter types.

Parameter Types

The data types of parameters accepted by functions or methods, determining what kind of arguments can be passed to them.