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Jennifer walks in to her customer's office and immediately the customer begins talking about his problems both at work and at home. Jennifer had a sales presentation prepared for the customer but, instead quietly listens, asking questions where appropriate and offering support when appropriate. Jennifer is practicing:
Quarterly Entries
are journal entries made in the financial records at the end of each quarter, summarizing the period’s transactions and adjustments.
Transactions
Financial events or operations that result in a change to the accounting equation, affecting an entity's assets, liabilities, or equity.
Working Capital
An indicator of a company's short-term financial health, calculated as current assets minus current liabilities.
Quick Ratio
A liquidity measure that indicates a company's ability to pay its short-term liabilities with its most liquid assets, excluding inventory.
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