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Discuss three trends that are changing the HRM function. How and why has the role of HRM changed?
Accounts Receivable
Funds that customers owe to a business for products or services already provided but not paid for.
Credit Sales
Sales made by a business where the customer is allowed to pay at a later date.
Cash Sales
Transactions where payment is made in cash at the time of the sale, with immediate transfer of ownership and benefits.
Salaries Payable
An account representing the owed but not yet paid salaries to employees at the end of a period.
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