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Use the figure to the right to answer the next problem. A beaker is filled with water.A small plastic container contains a solid bar of aluminum,which has a mass of 40 g,and is placed on the water so that it floats.The water level reads 60 ml.Next,the bar of aluminum is taken out of the container and placed in the water so that it sinks to the bottom.
-By how much does the water level change? (density of Al is 2.7 g/cm3)
Physical Inventory
The process of counting the actual inventory on hand at the end of an accounting period, usually for verification purposes.
Inventory System
A system for tracking inventory levels, orders, sales, and deliveries, which can be manual or technologically driven, helping businesses manage their stock efficiently.
Cost Of Goods Sold
The total cost associated with making or buying products that a company has sold during a specific period.
Gross Profit
The financial gain achieved after deducting the cost of goods sold from total sales revenue, not including other operating expenses, interest, or taxes.
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