Examlex
The beta of an active portfolio is 1.20. The standard deviation of the returns on the market index is 20%. The nonsystematic variance of the active portfolio is 1%. The standard deviation of the returns on the active portfolio is
Cost of Goods Sold
The historical cost of products sold as reported in the income statement.
Gross Profit
The difference between revenue and the cost of goods sold, indicating the profitability of a company's core activities.
Goods Available for Sale
The total quantity of goods that a company has in its stock ready to sell at the end of a financial period.
Absorption Costing
An accounting method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed overhead — in the cost of a product.
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