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Write the first four terms of the sequence whose general term is given.
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Net Income
The remaining revenue after all costs, expenses, and taxes have been subtracted from a company's total revenue; essentially, a company's profit.
Periodic Inventory
An inventory system in which the inventory count is conducted at specific periods, determining the cost of goods sold by beginning inventory plus purchases minus ending inventory.
Merchandise Inventory
Goods a company intends to sell to customers that are stored as inventory.
Purchases
Represents the total amount of goods bought by a business for resale or for use in production.
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