Examlex
A ___________ computer has a flat screen that uses a mouse or fingertip for input instead of a keyboard.Similar to PDAs,tablet PCs use a writing pen or stylus to write notes on the screen and touch to perform functions such as clicking on a link while visiting a website.
Gross Profit
The difference between sales revenue and the cost of goods sold, before deducting overhead, payroll, taxes, and interest expenses.
Beginning Inventory
The worth of merchandise ready for purchase at the beginning of a financial period, prior to any acquisitions being made or deductions for sales.
Ending Inventory
The concluding amount of products ready for purchase at the close of a financial cycle.
LIFO Cost Flow
A method used in inventory management and accounting where the last items placed in inventory are the first ones to be recorded as sold.
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