BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good.

Detailed explanation-2: -Annual revenue is the total amount of money your company earns from business operations in a year before any deductions for returns, the cost of goods you sold and expenses. If your business is on a cash basis (most small businesses are), you count annual revenue in the year you receive it.

Detailed explanation-3: -Total expenses for a given period refer to the sum of all the total gross cash expenditures plus any subsidiary pending, such as operating expenses, incentive fees, interest, and taxes. A company may have considerable total revenues from its income statement.

Detailed explanation-4: -Cost of goods sold (COGS) definition It appears on an income statement and typically includes money spent on raw materials and labour. It does not include coss associated with marketing, sales or distribution. Cost of goods sold (COGS) is the direct cost of making a company’s products.

Detailed explanation-5: -Cost of goods sold (COGS) may be one of the most important accounting terms for business leaders to know. COGS includes all of the direct costs involved in manufacturing products.