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Simplify the expression. Include absolute value bars where necessary.
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Net Sales
Total revenue from sales of goods or services, less returns, allowances for damaged goods, and discounts.
Operating Expense
Expenses incurred during normal business operations, such as rent, utilities, and payroll, excluding costs associated with the production of goods sold.
Administrative Expenses
Expenses related to the general operation of a business, such as salaries of non-sales personnel, office supplies, and rent.
Research and Development Expense
Costs associated with the research and development of a company's products or services, recognized as an expense.
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