Asked by Isabella Pucci on Jul 24, 2024
Verified
A sales discount encourages customers to pay accounts more quickly than if a discount were not available.
Sales Discount
From the seller’s perspective, a discount that a seller may offer the buyer for early payment.
- Identify the influence of purchase discounts, sales discounts, and credit card sales on financial reports.
Verified Answer
KU
K U F A GAMINGJul 29, 2024
Final Answer :
True
Explanation :
This is true. When a sales discount is offered, customers are incentivized to pay their accounts sooner in order to take advantage of the discount. This helps the company receive payment more quickly and can improve cash flow.
Learning Objectives
- Identify the influence of purchase discounts, sales discounts, and credit card sales on financial reports.