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A decrease in government transfer payments
Inventory Destroyed
Refers to stock items that have been damaged, expired, or cannot be sold, leading to a loss for the business.
Typical Gross Profit
The average gross profit a company makes after subtracting the cost of goods sold from its net sales.
FOB Shipping
Free On Board Shipping, a term used in shipping agreements to specify which party (buyer or seller) pays for shipping costs and when the ownership of the goods transfers.
Import Duties
Import duties are taxes imposed by a government on goods imported into a country, often used to protect domestic industries and raise revenue.
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