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Two technicians are discussing suspension system operation. Technician A says that sprung weight is usually everything mounted above the axles. Technician B says that engineers try to reduce sprung mass by reducing the weight of the wheels and suspension components. Who is correct?
Net Income
The total profit of a company after all expenses, including taxes and operational costs, have been subtracted from its total revenue.
Cost of Goods Sold
Direct spending associated with producing the merchandise a company trades, including both materials and manpower costs.
Worksheet
A columnar device used by accountants to aid them in completing the accounting cycle—often just referred to as "spreadsheet." It is not a formal report.
Revenue
The total income received by a company from its normal business activities, before any expenses are subtracted.
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