Examlex
________ shows how much the base probability increases or decreases when other products are purchased.
Gross Profit Ratio
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold; it is calculated by dividing gross profit by net sales.
Ending Inventory
The monetary amount of stock available for purchase at the end of an accounting term, which is the sum of the opening inventory and purchases, less the cost of goods sold.
Retail Inventory Method
An accounting procedure for estimating the final inventory balance of a retailer by using percentages of gross margins based on sales and the cost of goods sold.
Ending Inventory
The sum value of inventory available for purchase at the end of an economic period.
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