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Regan wants to develop a long-term relationship with his customers.To accomplish this objective,Regan will need to pay close attention to:
Cost of Goods Sold
Expenditures directly resulting from the manufacturing of a company’s products for sale, comprising materials and employee wages.
Merchandise Inventory
Items purchased by a company for the purpose of being sold to customers; considered a current asset on the balance sheet.
Accounts Payable
Money owed by a company to its creditors for goods or services that have been received but not yet paid for.
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