Examlex
__________ creates a hierarchy of authority-an arrangement of work positions in order of increasing authority.
Direct Method
A cash flow statement preparation method that discloses major classes of gross cash receipts and payments, as opposed to the indirect method which adjusts net income for non-cash transactions.
Operating Expenses
Operating expenses are the costs associated with running a business's core operations on a daily basis, excluding the cost of goods sold, such as rent, utilities, and payroll.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded, recognizing costs as they are earned rather than when they are paid.
Spreadsheet Method
The spreadsheet method involves using software like Microsoft Excel to organize, calculate, and analyze data, often used for financial analysis and planning.
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