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A camera is a "pure" good,while investment advice is a "pure" service.
Master Budget
A comprehensive financial planning document that consolidates all of a company's individual budgets, including sales, production, and cash budgets.
Credit Sales
Sales transactions where the payment is deferred to a future date, allowing customers to purchase goods or services on credit.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for.
Cash Budget
A budget that estimates cash inflows and outflows over a specific period of time, aiding in managing the company's cash balance.
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