Examlex
Describe the two major functions of the air conditioning system compressor.
Gross Profit
The financial measure obtained by subtracting the cost of goods sold from total sales revenue.
Ending Inventory
The worth of products ready for sale at the close of a financial period, determined by adding acquisitions to the initial stock and then deducting the expense of the goods that were sold.
FOB Shipping Point
A term indicating that the buyer takes responsibility for goods and their transportation costs once they leave the seller's premises.
Net Income
The final amount a company earns, following the deduction of all expenditures and taxes from its total revenue.
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