Match Each Table-Related Term with Its Description

question 6

Multiple Choice

Match each table-related term with its description.
-Calculated column

• A)Small arrow that appears to the right of the label at the top of a table column
• B)Up arrow or down arrow indicating sort direction of a column
• C)Excel table column that uses a single formula and adjusts its cell references for the rest of the rows in the table
• D)Labels above each table column

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Definitions:

Periodic Inventory Method

An accounting method that updates inventory and cost of goods sold figures at the end of an accounting period, not at each sale.

Cost Of Merchandise Sold

The total cost incurred to purchase or produce the goods that have been sold to customers during a specific period.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the amount before deducting operating expenses.

Cost Of Merchandise Sold

The total expense incurred by a business to purchase or manufacture the goods sold during a period.