Examlex
Criminal justice is an interdisciplinary field. Determine which area of inquiry the following example demonstrates: A business installs new software that helps prevent the information stored on their computer systems from being obtained by criminals and used to steal their revenue. The software is a result of studies done on companies whose personal information was stolen.
Gross Margin
The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.
Operating Expenses
Costs related to the day-to-day functions of a business, excluding the cost of goods sold.
Net Income
The amount of money a company earns after all expenses, taxes, and costs have been subtracted from total revenue.
Periodic Inventory System
A method of inventory valuation in which updates to inventory levels and cost of goods sold are made periodically, such as at the end of the fiscal year.
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