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Discuss Ways in Which Technology Can Be Used to Streamline

question 75

Essay

Discuss ways in which technology can be used to streamline cash collections.


Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning that there is no net loss or gain, and the business is not making a profit.

Direct Materials Cost

The cost of raw materials directly used in the production of products or services.

Sales

Revenue generated from the sale of goods or services.

Desired Profit

The target earnings a company aims for in a specific period as part of its financial and strategic planning.

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