Examlex
List three ways a student can become more resilient and gritty in college.
Accounts Payable
The amount of money a company owes to its creditors or suppliers for goods and services received but not yet paid for.
Balance Sheet
A financial statement that summarises a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insight into its financial position.
Ending Inventory
The value of goods available for sale at the end of an accounting period, crucial for calculating cost of goods sold and gross profit.
Pretax Income
The income that a company earns before tax expenses are deducted, often referred to as earnings before tax (EBT).
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