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Cost-volume-profit models assume that
360-Day Year
A simplified accounting method where each month is considered to have 30 days, resulting in a year total of 360 days, used in financial calculations.
Loan Period
The duration over which a borrower agrees to pay back a loan to the lender, typically expressed in months or years.
Ordinary Simple Interest
Interest calculated on the principal amount only, without compounding, usually over a period of a year or less.
360-Day Year
A financial convention or calculation basis where the year is assumed to consist of 360 days rather than 365 or 366 days, often used in interest rate calculations.
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