Examlex
There is a close relationship between economic and social development and therefore many economic figures can be used as social indicators.
General Journal Entries
Records of financial transactions not assigned to specific accounts in the general ledger, but recorded in a general journal.
Gross Margin
The difference between revenue and cost of goods sold divided by revenue, expressed as a percentage, indicating the financial health and efficiency of a product or business.
Gross Margin Ratio
A profitability metric that measures the difference between sales and the cost of goods sold, expressed as a percentage of sales.
Favorable Ratio
A ratio that indicates a positive outcome, often related to financial performance, such as higher revenue or lower expenses compared to previous periods.
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