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The medication vial contains 1,000,000 units of penicillin G. The label directions state: "Add 2.3 mL of sterile water to the vial, 1.2 mL = 500,000 units." How many milliliters equal 200,000 units?
Accounting Period
The span of time at the end of which a company calculates its financial performance, typically a quarter or year.
Journalized
The act of recording a transaction in an accounting journal, documenting the financial activities of a business.
Retained Earnings
Represents the portion of net income that is retained by the company rather than being distributed to its owners or shareholders.
Utilities Expense
An expense incurred by a business for basic utilities, such as electricity, gas, and water, which are necessary for operations.
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