Cost of Goods Sold (COGS) is the direct cost of a product to a distributor, manufacturer, or retailer. Sales revenue minus cost of goods sold is a business’s gross profit. The cost of goods sold is considered an expense in accounting. COGS are listed on a financial report. There are ...
In1913, the Federal Reserve Act established theFederal Reserve System(FRS), an independent governmental entity that would serve as a central bank to the U.S. government.1 The act formed a system of 8 to 12 Federal Reserve Banks spread across the United States in addition to the board of g...
When a company is unable to meet its financial commitments or make payments to its creditors, it declares bankruptcy. A request is filed in court for the very same, in which all of the company's existing obligations are measured but, if not paid in full, be paid...
Twitter Google Share on Facebook AcronymDefinition AASBAustralian Accounting Standards Board AASBAlabama Association of School Boards AASBAssociation of Alaska School Boards AASBAmerican Association of Small Businesses AASBAssociation of American Schools in Brazil ...