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What Is the Power of Incumbency? Why Is It the Most

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Essay

What is the power of incumbency? Why is it the most important factor for a congressional campaign?


Definitions:

Sales

The total amount generated from selling goods or services over a specific period of time.

Accounts Receivable Period

The average number of days it takes for a company to collect payments owed by its customers.

Cash Expenses

Expenses that require an immediate outlay of cash during a given time period.

Beginning Cash Balance

The amount of cash a company has at the start of a new financial period, carried over from the end of the previous period.

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