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As related to a job order costing system,answer the following questions:
a.What is a job order costing system? Identify three kinds of companies that would use such as system.
b.What is a job order?
c.What is the purpose of a job order cost card? Identify the kinds of information recorded in it.
Return On Common Stockholders' Equity
A measure of the profitability of a corporation in terms of the returns generated on the equity investment of the common shareholders.
Net Sales
Net sales represent the revenue a company generates from its business activities, after subtracting returns, allowances for damaged goods, and discounts.
Gross Profit
The financial metric representing the difference between a company's net sales and the cost of goods sold, indicating the basic profitability of products.
Net Income
A company's financial gain after removing expenses and tax liabilities from its total revenue.
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