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CAD see CASH AGAINST DOCUMENTS.

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MARGINAL TAX RATE is the top rate of income tax that is charged to individuals on their earnings.

MASTER BUDGET formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statements. However, dependent upon the individual or geographic location, is variously contains the cash budget only; or the income statement and the balance sheet combined; or the income statement and the balance sheet and the cash budget combined.

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