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According to the empirical rule,if the data form a "bell-shaped" normal distribution,percent of the observations will be contained within 2 standard deviations around the arithmetic mean.
Supplies Account
An account used to track the costs of supplies that have not been consumed by the end of an accounting period.
Operating Expenses
Costs associated with the day-to-day operations of a business, such as rent, utilities, and payroll.
Operating Income
The profitability from a company's core business operations, excluding deductions of interest and taxes.
Net Profit Margin Ratio
A financial performance metric that calculates the percentage of net income to revenue, indicating how much profit a company generates from its revenues.
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