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For many years,U.S.citizens have earned more investment income abroad than foreigners have earned in the U.S.
Master Budget
A comprehensive financial planning document that includes all of the organization's financial plans.
Credit Sales
Sales made to customers on credit, allowing them to purchase now and pay later, creating accounts receivable for the company.
Selling Expense
Costs incurred to promote, sell, or distribute a product or service, such as advertising and commission.
Administrative Expense
Costs related to the general administration of a business, including salaries of senior executives, costs of general services, and office supplies among others.
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