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The Philippines and Vietnam have roughly the same size population.Suppose the GDP of the Philippines is $1 trillion and the GDP of Vietnam is $10 trillion.You should conclude
Sales on Account
Transactions where goods or services are delivered with payment to be made at a later date, typically recorded as accounts receivable.
Inventory Turnover
A financial ratio indicating how many times a company's inventory is sold and replaced over a period, illustrating the company's efficiency in managing and selling its stock.
Cost of Goods Sold
The immediate expenses related to producing the goods that a company sells, which involve both materials and labor.
Beginning Inventory
The cost of products on hand for selling at the commencement of an accounting cycle.
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