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A Carnot heat engine and an irreversible heat engine both operate between the same high temperature and low temperature reservoirs.They absorb the same heat from the high temperature reservoir as heat.The irreversible engine:
Credit Sales
Sales where the payment is not received at the time of sale but is promised to be paid at a later date.
Cash Expected
The amount of money a business anticipates receiving over a specified period, often used in budgeting and planning.
Minimum Cash Balance
The lowest amount of cash that a company aims to hold in its accounts to ensure financial stability and meet its operational needs.
Cash Budget
A financial plan that projects future cash flow by estimating incoming cash receipts and outgoing cash payments.
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