Preface from the eight edition:Philosophy and purposeImagine that you have graduated from college without taking an accounting course. You areemployed by a company as a sales person, and you eventually become the sales manager of a territory.While attending a sales managers' meeting, financial...

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Main Authors: Hermanson, Roger H. (Author), Edwards, James Don (Author), Maher, Michael W. (Author)
Format: Ebooks
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520 |a Preface from the eight edition:Philosophy and purposeImagine that you have graduated from college without taking an accounting course. You areemployed by a company as a sales person, and you eventually become the sales manager of a territory.While attending a sales managers' meeting, financial results are reviewed by the Vice President of Salesand terms such as gross margin percentage, cash flows from operating activities, and LIFO inventorymethods are being discussed. The Vice President eventually asks you to discuss these topics as theyrelate to your territory. You try to do so, but it is obvious to everyone in the meeting that you do not know what you are talking about. 
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