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When our individual, genetic, and physiological illness and disease risks are exacerbated by social factors like the neighborhood where we live, race, ethnic and class inequality, and corporate and governmental policies and practices, this is referred to sociologically as:
Receivables
Money owed to a company by its customers or clients for goods or services provided that have not yet been paid for.
Payables
Payables, also known as Accounts Payable, are liabilities of a company that represent money owed to creditors for goods and services received but not yet paid for.
Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenues.
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