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____________________ technology is designed to replace operating systems and services when they fail.
Gross Profit
The financial metric calculated by subtracting the cost of goods sold from total sales revenue, representing the efficiency of a company in managing its production and sales.
Perpetual System
An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period for accurate financial reporting.
Sales Revenue Section
The part of a financial statement that details the income generated from sales of goods or services before any costs or expenses are subtracted.
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