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Prepare the necessary closing entries based on the following selected accounts.
Rate of Return
A financial metric used to measure the profit or loss of an investment relative to its initial cost.
Cross-Dock Facility
A logistics strategy where incoming materials are unloaded directly from suppliers' trucks and immediately loaded onto outbound trucks, reducing storage time and costs.
Operating Costs
Expenses associated with the day-to-day functioning of a business, excluding the cost of goods sold.
High Demand
A condition in which the need or market request for a product or service surpasses usual or anticipated levels.
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