for each statement about discounts select \yes\ if the statement is correct or \no\ if the statement is not…

for each statement about discounts select \yes\ if the statement is correct or \no\ if the statement is not correct.\ndiscounts can be a percentage rate.\ndiscounts can be a dollar amount.\ndiscounts are a list in qbo.\ndiscounts are always applied to total after the sales tax is added.

for each statement about discounts select \yes\ if the statement is correct or \no\ if the statement is not correct.\ndiscounts can be a percentage rate.\ndiscounts can be a dollar amount.\ndiscounts are a list in qbo.\ndiscounts are always applied to total after the sales tax is added.

Answer

Answer:

  1. Yes
  2. Yes
  3. No
  4. No

Brief Explanations:

  1. Discounts are often expressed as a percentage off the original price.
  2. Discounts can also be a fixed - dollar amount reduction.
  3. Discounts are not a list in QBO (QuickBooks Online), but rather a feature for price reduction.
  4. Discounts are usually applied before sales tax is calculated, not after.