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Find the first term and the common ratio for the geometric sequence. Round approximations to the nearest hundredth.
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Freight-in
represents the cost of transporting goods into a business, typically considered as part of the cost of goods sold.
Operating Expense
An expense that a business incurs through its normal business operations, often including items like rent, utilities, and payroll.
Accrual System
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Revenue
The complete sum of earnings derived from selling goods or offering services that are central to a company's core business.
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