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Why would the manager of a service company need to use job order costing?
Company
A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.
Earnings Per Share
A financial metric that divides a company’s net income by the number of outstanding shares, indicating the profit earned per share of stock.
Price-Earnings Ratio
A financial indicator that evaluates the relationship between a company’s current stock price and its earnings per share.
Market Price
The current price at which an asset or service can be bought or sold in a market.
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