EXPENDABLE Definition

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EXPENDABLE is something that can be used and discarded without hurting the end product or the companys viability.

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OPERATING INCOME is revenue less cost of goods sold and related operating expenses that are applied to the day-to-day operating activities of the company. It excludes financial related items (i.e., interest income, dividend income, and interest expense), extraordinary items, and taxes.

ACCRUED PAYROLL is a liability arising from employees salary expense that has been incurred but not paid.

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