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Differentiate between an open and a closed economy? Do you agree that the U.S.economy is more open among the advanced industrial countries in the world?
Accounts Receivable
The amount of money owed to a business by its customers for goods or services delivered but not yet paid for.
Accounts Payable
An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.
Office Equipment
Tangible long-term assets used in the daily operations of an office, including computers, printers, desks, and chairs.
Revenue
The sum of all revenue a company earns from selling products or providing services within a specified timeframe.
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