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When setting up a training system,
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.
Capitalized
Expenses or costs that are recorded as an asset on a balance sheet rather than expensed, with the anticipation of future benefit.
Inventory
The total amount of goods and materials held by a business for the purpose of resale or production.
Fixed Costs
Expenses that remain constant regardless of business activity levels, including long-term leases, salaries, and insurance premiums.
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