Examlex
Identify and explain the four types of communication.
Merchandise Inventory
The total cost of all the goods held by a company for resale purposes, including goods in transit, on order, and in stock.
Net Income
Net income is the total earnings or profit a company makes after deducting all its expenses, including taxes, interests, and depreciation.
Gross Profit
The difference between total revenue and the cost of goods sold, representing the profitability of a company's core activities before overhead.
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