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The binary numbering system uses only two symbols-the digits 0 and 1-to represent all possible numbers.
Inventory
The total amount of goods and materials a company has in stock, including raw materials, work-in-progress, and finished goods.
Beginning Inventory
The price of items on offer for purchase at the onset of an accounting cycle.
Markup
An addition to the purchase cost of items intended to cover both operational costs and generate a profit.
Net Sales
The revenue from sales transactions after subtracting returns, allowances for damaged or missing goods, and discounts.
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