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As illustrated in the chapter,the term gerrymander was so named because of a bizarre geographical contortion of an electoral district in
Freight-in Charges
The costs associated with transporting inventory to the buyer's location, often included in the cost of goods purchased.
Ending Inventory
Ending inventory is the total value of goods available for sale at the end of an accounting period.
Net Markups
This term refers to the difference between the cost of a product and its selling price, minus any discounts or allowances.
Net Markdowns
The reduction in the selling price of goods, subtracted from the original or previous selling price, often to clear surplus inventory.
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