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Explain the simple moving average method used in forecasting.
Loan Interest
The amount charged by a lender to a borrower for the use of borrowed money, calculated as a percentage of the principal.
Master Budget
A comprehensive financial planning document that consolidates all of a company's individual budgets, including sales, production, and cash budgets.
Credit Sales
Sales transactions where the payment is deferred to a future date, allowing customers to purchase goods or services on credit.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for.
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