Examlex
Which of the following is a compensation program that relates costs to the ability to pay?
Periodic Inventory System
The periodic inventory system is an accounting method where inventory is physically counted at specific intervals and adjustments are made to the inventory records accordingly.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues, indicating the company's financial health over a period.
FOB Shipping Point
A term of sale indicating that the buyer is responsible for the goods and the shipping cost as soon as the goods leave the seller's premises.
FOB Destination
A term used in shipping indicating that goods are considered delivered and the seller is responsible for them until they reach the buyer’s location.
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