Cost of Goods Sold
The direct costs of producing goods or services sold during a period. It includes raw materials, labor, and manufacturing overhead. COGS is subtracted from revenue to calculate gross profit. Managing it well is key to improving margins and overall profitability.
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Capital Lease
A long-term lease that essentially functions as a purchase. The lessee assumes ownership-like risks and benefits, and the asset is…
Cash Equivalent
Short-term, highly liquid investments that can be quickly converted into a known amount of cash typically within three months. Examples…
Contingent Liability
Contingent liability is a potential obligation that may arise depending on the outcome of a future event, like a lawsuit…
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