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Sara Blakely developed the idea to make Spanx undergarments.She filed a patent and researched production.She now sells Spanx through department stores.She is an example of a(n)
Cost of Goods Sold
Direct costs attributable to the production of the goods sold by a company.
Accounts Receivable Period
measures the average number of days it takes a company to collect payment after a sale has been made, indicating the efficiency of its credit policies.
Cost of Goods Sold
Represents the total cost directly tied to the production or acquisition of the goods sold by a company during a specific period.
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