Examlex
____ is the amount estimated to allow an individual to meet his/her basic needs of food,clothing and shelter.
Net Sales
The revenue from sales transactions after subtracting returns, allowances for damaged or missing goods, and discounts.
Average Inventory
Calculated by adding the value of the inventory at the beginning and end of a period and dividing by two, reflecting an average amount of inventory held over the period.
Semiannually
Happening biannually or once every six months.
Ending Inventory
The total value of all the goods remaining unsold at the end of an accounting period.
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