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To be stored for a long time, information must pass through all three stages of the
Ending Inventory
The total value of all inventory a company has in stock at the end of its fiscal period, valuable for calculating cost of goods sold and gross profit.
Accounts Receivable
The amounts owed to a business by its customers for goods or services delivered on credit.
Budgeted Sales
The projected amount of sales revenue a company expects to earn over a specific period, based on historical data, market analysis, and estimated growth rates.
Cash Collected
The total amount of cash received by a business during a specific period, including revenues and other income streams.
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