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Odd-man out: Select the word that does not belong to the group.Select one:a.Salesb.Tuition Fees Incomec.Unearned Laundry Incomed.Service Income

Question

Odd-man out: Select the word that does not belong to the group.

Select one:

  • a. Sales
  • b. Tuition Fees Income
  • c. Unearned Laundry Income
  • d. Service Income
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Solution

1. Break Down the Problem

We need to analyze the words provided and determine which one does not fit with the others based on their meanings or context in a financial setting.

2. Relevant Concepts

  • Sales: Revenue generated from selling goods or services.
  • Tuition Fees Income: Revenue collected from students for educational services.
  • Unearned Laundry Income: Payments received in advance for laundry services that have not yet been performed.
  • Service Income: Revenue earned from providing services.

3. Analysis and Detail

  • Sales and Service Income refer to revenue from providing goods or services.
  • Tuition Fees Income also represents a form of service revenue specifically in the education sector.
  • Unearned Laundry Income represents deferred revenue; while it can be considered income, it is not earned yet.

4. Verify and Summarize

After analyzing the terms, it is clear that 'Unearned Laundry Income' is distinct from the others as it relates to revenue that has not yet been earned. The other terms refer to money that has already been generated from sales or services provided.

Final Answer

Unearned Laundry Income does not belong to the group.

This problem has been solved

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