The Cost of Goods Sold, or COGS, represents the overhead associated with the materials and labor, which were needed to produce the goods sold during a given period.
The COGS calculation is only concerned with the production costs of a good, and does not take distribution and sales force costs into account. It will always include the direct materials cost and direct labor cost for each item, but indirect overhead associated with production, such facility costs, are distributed between Inventory and COGS, according to Generally Accepted Accounting Practices (GAAP).
The COGS reported on an income statement can be used to find the company's gross profit margin, like so:
Revenue - COGS = Gross Margin.
There is no vesting required for self-employed 401(k) (aka Solo K) plans, since you are the employer and the employee
A simple will can be created for free if a person uses an online template from a trusted source and/or creates the...
There are thousands of attorneys that specialize in estate planning, so choosing the right one for you can be a challenge
Your risk tolerance should be a measure of how willing you are to absorb losses in your portfolio
The Falling Wedge pattern forms when a stock’s price appears to be spiraling downward with two down-sloping lines
The Security Market Line (SML) is a visualization of the Capital Asset Pricing Model (CAPM) and shows thee relationship between risk and return in trading
Cash Accounting is the accounting method where only finalized transactions are documented
Turnover ratio is a term that can be used in reference to the rate at which a company goes through its physical inventory
A derivative is a security which monetizes the risk or volatility associated with a reference asset
While investing in commodities may significantly diversify your portfolio, it requires profound knowledge of the assets