E-Mail, PDF Files, and PowerPoint Sides Are All Examples of Digital

question 53

True/False

E-mail, PDF files, and PowerPoint sides are all examples of digital means of submitting reports.

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Definitions:

Cost-to-Retail Ratio

A method used in retail to calculate the cost of goods sold based on the ratio of the cost of goods available for sale to the retail price of the goods.

Retail Inventory Method

An accounting method used by retailers to estimate inventory levels by incorporating the cost to retail price ratio.

Sales Discounts

Reductions in the price of goods or services offered to customers, typically as an incentive to encourage prompt payment.

Ending Inventory

The total value of goods available for sale at the end of an accounting period.