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When used in speech presentations, photographs and illustrations
Operating Expenses
Costs associated with the daily operations of a business, excluding the cost of goods sold.
Accounts Receivable
Funds that customers owe to a business for products or services delivered but have not yet been paid for.
Beginning Inventory
The inventory on hand at the start of an accounting period, which is the ending inventory of the previous period.
Ending Inventory
The total value of all unsold goods remaining at the end of an accounting period.
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