Examlex
A city finances a performing arts center by adding a $2.75 tax to each ticket sold.This is an example of taxation via the benefits principle.
Term to Maturity
The remaining time until a financial instrument's principal amount is due to be repaid.
Net Basis
A method of reporting income and expenses where they are netted against each other, showing only the net amount instead of reporting them separately.
Cash Receipts
Money received by a business, typically documented during the accounting period in which it is received.
Turnover Quick
A measure reflecting the speed at which a company can convert its inventory or assets into sales or revenue, indicating operational efficiency.
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