Tammy is talented at craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David—a business major—who manages the budgets and expenses of the business. Tammy receives a bulk order from a customer to make 100 paper roses for Valentine's Day. She charges 20 percent of the total sales price in advance and promises to deliver the order within 30 days. The advance payment that Tammy receives for the order before delivering the product is called ________. gaming the payment process non cash incentive discount payment deposit and progress payment

Respuesta :

Answer:

deposit and progress payment

Explanation:

According to the information being provided within the question it can be said that the advanced payment that Tammy has received is called deposit and progress payment. This refers to the initial amount needed to know that the order is real and for the company to begin creating the order as well as for a percentage of the order that is being created. Which in this case is 20% of the initial order value.