Examlex
The monetary unit assumption requires that all dollar amounts be rounded to the nearest dollar.
Existing Products
Existing products are those goods or services that a company is currently offering in the market, as opposed to new or upcoming product lines.
R&D (Research and Development)
This involves activities that companies undertake to innovate and introduce new products or services. It's a critical component of maintaining relevance and competitiveness in the market.
Interest
The charge for borrowing money, typically expressed as an annual percentage rate, or the income earned from investing funds.
Sunk Cost
A sunk cost refers to money already spent and permanently lost, which cannot be recovered and should not impact future business decisions.
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