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Describe some standardized measures used in social work and the implication on practice.
Transaction Balances
Cash kept on hand by a firm to pay normal daily expenses, such as employee wages and bills for supplies and utilities.
Marketable Securities
Temporary investment of “extra” cash by organizations for up to one year in U.S. Treasury bills, certificates of deposit, commercial paper, or Eurodollar loans.
Retained Earnings
Earnings after expenses and taxes that are reinvested in the assets of the firm and belong to the owners in the form of equity.
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