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Marsha Bogswell is the owner of Bogswell Legal Services, Inc. Which accounting principle requires Marsha to keep her personal financial information separate from the financial information of Bogswell Legal Services, Inc.?
Annual Simple Rate
The percentage rate of return calculated on an annual basis, using simple interest without compounding.
Yield
Definition: The income return on an investment, such as the interest or dividends received from holding a particular security.
Revolving Line of Credit
A flexible loan where the borrower can access funds up to a certain limit, pay back, and then borrow again without needing to reapply for a new loan.
Simple Interest
Interest computed exclusively on the original amount of a loan or deposit, without adding interest to the principal for future calculations.
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