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With the left hand, a person grabs a handful of tomato seeds that vary genetically from a bag and plants the seeds in a pot. With the right hand, this person grabs seeds from the same bag and plants them in a second pot. The first pot has enriched soil and exposure to sunlight, whereas the nutrients in the second pot's soil have been depleted and the pot is placed in a dark corner. When the tomato plants grow:
Gross Profit
The financial metric reflecting the difference between the revenue and the cost of goods sold (COGS), indicating how much the company earns from its core operations.
Cost Of Goods Sold
Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a business, including materials and labor.
Operating Expenses
Costs associated with the day-to-day operations of a business, including rent, utilities, and salaries.
Statement Of Income
This financial document reports a company's financial performance over a specific period, showing revenues, expenses, and net income.
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