Examlex
Cassandra works for a manufacturer of cedar closet systems.As she negotiates with a buyer for Home Depot,Cassandra says,"The recent drought in Maine may seriously limit our ability to meet your needs for cedar products in the future." Cassandra is using a(n) _____ close.
Gross Profit Method
An inventory estimation technique that calculates the cost of goods sold and ending inventory by using the gross profit margin.
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