Examlex
In which case did the court set out the guidelines for determining if conduct is misleading or deceptive within the meaning of s 18 of the Australian Consumer Law?
Gross Profit Method
An inventory costing method that estimates the cost of goods sold and ending inventory based on the gross profit margin.
Inventory Valuation
The method used to calculate the cost of goods sold and ending inventory, such as FIFO, LIFO, or weighted average cost.
Casualty
An unexpected or sudden event causing loss or damage, often used in insurance to refer to accidents or mishaps causing physical harm or property damage.
Retail Basis
A method of inventory accounting where inventory is valued at retail prices, then converted to a cost basis using a predetermined cost-to-retail ratio.
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