Net Income Stated as a Percentage of Sales Is One

question 124

True/False

Net income stated as a percentage of sales is one means of evaluating a company's ability to control its expenses.

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Definitions:

Customers List

A record or database containing the details and transaction history of a business's customers.

New Customer

A term used to refer to an individual or entity that has recently started doing business with a company.

Accounts Receivable

Accounts receivable is the money owed to a company by its customers or clients for goods or services that have been delivered but not yet paid for.

Credit Sale

A business transaction in which the purchaser buys goods or services on account, agreeing to pay the seller at a future date.