It is also the risk incurred if the company cannot repay debts owed to its suppliers. A company that is the victim of fraud will likely encounter serious financial difficulties, as the amounts embezzled by hackers can run into millions. By avoiding fraud, you avoid taking financial risks and finding yourself in debt with your …
Often, credit sales may involve an initial down payment where the customer pays a portion upfront, with the remainder settled at a later, agreed-upon time. Net sales minus the cost of goods sold is the gross margin of your business. It refers to the revenue that remains after considering the direct costs related to the …
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