MEAN Definition

MEAN is the measure of central tendency; also called the average. It is calculated by the sum of the data points divided by the number of data points.

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13TH PERIOD in the fiscal year is the period used for fiscal year-end adjusting entries (periods 1-12 being the months in the fiscal year).

EARNING QUALITY is best determined through the inverse relationship between the amount of time elapsed between revenue recognition and cash collection.

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