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Calculate the following:
a)Net Income for October using the cash basis of accounting.
b)Net Income for October using the accrual basis of accounting.
Purchasing Power
The ability of a consumer or a group of consumers to buy goods and services with their income at given prices.
Customized Products
Goods that are tailored or modified to meet the specific wants or needs of individual customers or clients.
Cost-Effective
Describes a process, method, or system that provides the best possible outcome or value for the money spent.
Potential Consumers
Individuals or groups who are likely to buy a product or service but have not yet made the purchase.
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