Examlex
Which of the following is not one of the four broad categories of resources?
Net Markdowns
The reduction in the selling price of goods, net of any subsequent increases in price, affecting the gross margin of a retail operation.
Dollar-value LIFO Retail Method
An accounting method that adjusts inventory levels using the last-in, first-out (LIFO) principle, measured in dollar value, particularly for the retail industry.
Price Index
A statistical measure that shows changes in the price level of a basket of goods and services over a period of time.
Ending Inventory
The sum value of merchandise on offer for sale upon the conclusion of an accounting term.
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