Match Each of the Following Terms with Their Correct Description

question 131

Multiple Choice

Match each of the following terms with their correct description from the items listed below.
-Sales - cost of goods sold

• A)Gross Margin
• B)Selling Expenses
• C)Sales Revenue
• D)Cost of Goods Sold
• E)Operating Income

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Definitions:

External Users

Individuals or entities outside a company, such as investors or creditors, who rely on company financial information to make decisions.

Internal Users

Individuals within an organization who use accounting information for decision-making, including managers and employees.

Days' Sales Uncollected

A financial metric indicating the average number of days it takes a company to collect payment after a sale has been made, used as an indicator of the efficiency of a company's credit and collection policies.

Financial Information

Data regarding the financial performance, condition, and cash flow of an entity, used by stakeholders to make economic decisions.