ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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RPI, among many others, can be Retail Price Index, Real Property Inventory, Rapid Process Improvement, or Responsive Production Inventory.

EXPENDABLE is something that can be used and discarded without hurting the end product or the companys viability.

AVERAGE AGE OF INVENTORY is calculated by the formula: 365 / inventory turnover.

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