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Good cash management practices would be to lease rather than buy. When you lease, you can make small payments over time and keep cash flow for your day-to-day operations. It’s also a business expense, so you can write it off on your taxes. Effective cash flow management helps you identify any potential cash gaps and…
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This trial balance only shows balances that carry forward into the next cycle, such as assets, liabilities, and equity. Finally, permanent accounts are important for benchmarking and comparison with industry peers. By keeping a long-term record of financial transactions, companies can compare their financial performance with that of their competitors and identify areas for improvement.…
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The two ATP-producing processes can be viewed as glycolysis (the anaerobic part) followed by aerobic respiration (the oxygen-requiring part). In the glycolytic pathway, oxidation of G-3-P by G-3-P dehydrogenase enzyme adds a high energy phosphate group which is transferred to ADP in the next reaction generating ATP molecule. Finally, the common co-presence with adenosine nucleotides…