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____ Is the Amount Estimated to Allow an Individual to Meet

question 67

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____ is the amount estimated to allow an individual to meet his/her basic needs of food,clothing and shelter.


Definitions:

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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