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________ said that life in the "state of nature" would be "solitary, poor, nasty, brutish, and short."
Adjusting Entries
Journal entries made in an accounting period to allocate income and expenditure to the correct periods.
Profit Margin
A financial metric depicting the percentage of revenue that exceeds the costs of goods sold, showing the profitability of a business.
Net Sales
Company sales revenue post deduction of returns, allowances for imperfections or absences, and discounts.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.
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