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Besides inventing the cotton gin, what did Eli Whitney do that furthered American manufacturing?
Note Payable
A written promise to pay a specified amount of money, typically including interest, by a certain date.
Operating Cycle
The amount of time it takes for a company to purchase inventory, sell it, and convert the sales back into cash.
Interest Expense
The cost incurred by an entity for borrowed funds, representing interest payments made or accrued on outstanding debts.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, resulting in net income or loss.
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