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Cost of Goods Sold (COGS) Explained
Автор: Simple Explain
Загружено: 2023-12-25
Просмотров: 80
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Today, we will talk about Cost of Goods Sold (COGS), which refers to the direct costs of producing the goods sold by a company. It is an important metric on financial statements as it is subtracted from a company's revenues to determine its gross profit. We'll also discuss how to calculate COGS, the different accounting methods, and the limitations of COGS. Additionally, we'll explore the types of companies excluded from a COGS deduction and the relationship between COGS and operating expenses.
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