From the key terms listed below. Select a business that you either are working for, have worked for, have observed, been a customer of, or have researched. Write a 2-page paper defining, illustrating, describing, and discussing these terms individually, as they relate to the business you selected.

KEY TERMS: ADMINISTRATIVE EXPENSES, COST OF MERCHANDISE PURCHASED, COST OF MERCHANDISE SOLD, INVOICE, NET SALES

As you write, explore and examine all key related concepts. Use subheadings and number sequentially each of the terms you have chosen. Include a title page and a reference page. Seek other reference sources in addition to your text, and include in-text citations. Compare and contrast other authors and scholarly sources with your text author and cite those in-text. Add context and application from your own work experience and observation.