According to the 2000 Census,Latinos Make Up the Largest Minority

question 92

True/False

According to the 2000 census,Latinos make up the largest minority in the United States with 13% of the total population.

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Definitions:

Gross Profit

The profit a company makes after subtracting the costs associated with making and selling its products, or the costs associated with providing its services.

LIFO

"Last In, First Out," an inventory costing method where the last items purchased are the first ones sold, affecting the cost of goods sold and ending inventory valuation.

FIFO

A stock rotation and accounting method that assumes the oldest inventory items are sold or used first.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and transportation costs as soon as the goods leave the seller's premises.