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Tax Reporting
The process of filing income, sales, and other tax returns accurately and timely to comply with governmental regulations.
Excess Capacity
A situation where a company can produce more goods than the market demands, indicating underused resources or a need for adjustment in production levels.
Selling Price
The amount of money for which a product or service is sold to the consumer, not necessarily reflective of the total price or production costs.
Purchase Order
A formal document sent by a buyer to a seller with the intent to purchase products or services under specified terms.
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