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What are the phases of the systems development life cycle (SDLC)?
Cash Collection
The process of receiving and processing payments from customers, typically impacting the business’s liquidity.
Unearned Revenues
Income received by an individual or company for a service or product that has yet to be provided or delivered.
Liabilities
Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other means.
Net Income
The total earnings of a company after deducting all expenses and taxes from total revenue.
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