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Discuss some of the disadvantages of file processing systems.
Production Budget
A forecast of the quantity of products that must be manufactured in a specified time period to meet customer demand and maintain inventory levels.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.
Budgeted Sales
Predicted sales revenue for a future period, based on historical data, market analysis, and other forecasting methods.
Cash Collected
The total amount of money received by a company or individual during a specific period, typically from sales, services, or other transactions.
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