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Today's Terms
Sole proprietorship
Definition:
Sole proprietorship legal structure that has one person as the owner.
Accounting Rate of Return
Definition:
A method of computing the profitability where the total cash inflow over the life of the project is reduced by expenses.
Accounts Receivable
Definition:
For accrual basis businesses, transactions not paid in cash create an account receivable, an unsecured promise to pay in the future.
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