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Solve the problem.
-A car is traveling at 50 mph. If its tires have a diameter of 26 inches, how fast are the car's tires turning? Express the answer in revolutions per minute. If necessary, round to two decimal places.
Expense Recognition Principle
An accounting principle that expenses should be recognized in the period in which they are incurred to produce revenues, aligning expenses with corresponding revenues.
Accounting Period
A specific time frame for which financial records are maintained and financial statements are prepared, usually annually or quarterly.
Earned
Income or revenue that has been realized through the sale of goods or services.
Fiscal Year
A twelve-month period used for accounting purposes and preparing financial statements, which may or may not align with the calendar year.
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