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Three months after a new telephone system with voice mail was installed at Modest Expectations College in Pennsylvania,several senior faculty members were contacted by a telecommunications secretary and were told that their voice mail boxes were full.It turns out that they had never learned how to check their voice mail.This is an example of dealing with change by
Ending Inventory
The worth of merchandise ready for sale at the conclusion of an accounting cycle, determined by adding beginning inventory to purchases and subtracting the cost of goods sold.
Days' Sales in Inventory
A financial ratio indicating the average time it takes for a company to turn its inventory into sales.
Cost of Goods Sold
The total cost of manufacturing or acquiring the products sold by a business during a particular period, including labor, materials, and overhead expenses.
Ending Inventory
The overall value of commodities poised for sale at the termination of an accounting period.
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