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Mean charts and range charts complement one another, one detecting shifts in process average, the other detecting shifts in process dispersion.
Accounts Receivable Period
The average number of days it takes for a company to collect payments owed by its customers.
Cash Expenses
Expenses that require an immediate outlay of cash during a given time period.
Beginning Cash Balance
The amount of cash a company has at the start of a new financial period, carried over from the end of the previous period.
Cost of Goods Sold
The expenses incurred that are directly related to the manufacturing of products a company sells, including labor and materials.
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