Examlex
A subjective assessment of whether one is happy or not is an operational definition.
Gross Profit
Gross profit is the difference between sales revenue and the cost of goods sold, indicating how efficiently a company is producing or sourcing its products.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income.
Perpetual Inventory System
A procedural method in inventory accounting that directly records every inventory sale or purchase with the aid of computerized point-of-sale systems and enterprise asset management software.
Sales Tax
A tax on sales or on the receipts from sales.
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