Examlex
A flash drive,located within the CPU,is a small block of memory used by processors to store those instructions most recently or most often used.
FOB Destination
A shipping term indicating that the seller bears all costs and risks of loss until the goods are delivered to the buyer's specified location.
Ending Inventory
The total value of all inventory (goods available for sale) a company holds at the end of an accounting period.
Average Cost Methods
A cost-flow assumption for inventory valuation, where the cost of goods sold and ending inventory are calculated based on the average cost of all units available for sale.
Gross Profit
The difference between sales revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.
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