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If P(A) > 0 and P(B) > 0, then when A and B are mutually exclusive events, they are also dependent events.
Net Sales
The net income generated from sales, after subtracting the costs related to returns, compensations for damaged or lost items, and price reductions.
Average Accounts Receivable
A measure of the average amount of money owed to a company by its customers over a period.
Maturity Date
The specified date on a financial instrument at which the principal (or nominal) amount is due to be paid back in full.
Note Receivable
A note receivable is a written promise to receive a specific amount of money, plus interest if applicable, at a future date, serving as an asset on the balance sheet.
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