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A graduate student is almost done with his dissertation when he is informed that twenty years ago someone did a similar project and already demonstrated what he had hoped to be the first to discover. What basic step of the scientific method should have saved him from this problem?
Date of Sale
The specific day on which a transaction is completed and ownership of goods or assets is transferred.
Date of Payment
The specific day on which a payment is due or processed.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services provided on credit.
Average Collection Period
The average number of days it takes for a business to collect its receivables from customers.
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