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The systems development life cycle (SDLC) gained popularity when the U.S. Department of Commerce stipulated that it would be used for all software development contracts.
Net Sales
Sales revenue minus deductions for returns, allowances for damaged or missing items, and discounts.
Semiannually
Occurring twice a year or every six months, often used in the context of payments, interest accrual, or reporting periods.
Average Inventory
An accounting measure used to estimate the value or quantity of inventory over a period, typically calculated as the sum of the starting and ending inventory divided by two.
Beginning Inventory
The value of a company’s inventory at the start of an accounting period, before any purchases or sales have occurred.
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