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Perpetual Inventory System
A method for accounting inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
MasterCard
A multinational financial services corporation that facilitates electronic funds transfers globally, primarily through its branded credit and debit cards.
American Express
A global financial services company recognized for its services in credit cards, charge cards, and traveler's cheque operations.
Operating Cycles
Operating cycles represent the duration it takes for a company to purchase inventory, sell products or services, and collect cash from customers, depicting the cash flow process.
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