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Leigh works as a tax accountant and has to complete complex worksheets for each of her clients. Adriana works in a factory where she performs a fairly simple visual inspection of the finished product. Assuming both Leigh and Adriana experienced a high level of arousal after hearing some distressing news, you should expect that
Cost Of Goods Sold
Cost of goods sold (COGS) is the direct cost attributable to the production of the goods sold by a company, including the cost of materials and labor.
Gross Profit
The financial gain a company achieves after subtracting the cost of goods sold from its total revenue.
Operating Expenses
Expenses incurred in the normal operation of a business, excluding the cost of goods sold.
Net Sales
This is the amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.
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